Investment Policy: Seminar Proceedings: April 18-20, 1994, Tokyo, Japan : Book Review

"Investment Policy" by Keith P. Ambachtsheer is a comprehensive and practical guide for institutional investors looking to design and implement effective investment policies. Ambachtsheer, an authority in the field, shares valuable insights gathered from his extensive experience working with pension funds and large investors.

The book emphasizes the importance of investment policy as the foundation for sound decision-making and successful investment outcomes. Ambachtsheer stresses the need for clear investment goals, risk management strategies, and a disciplined approach to portfolio construction.

Throughout the book, Ambachtsheer delves into various aspects of investment policy, such as asset allocation, manager selection, benchmarks, and performance evaluation. He provides a detailed framework for developing an investment policy statement that aligns with each investor's unique goals, risk tolerance, and time horizon.

One of the highlights of "Investment Policy" is Ambachtsheer's ability to convey complex concepts in easily understandable language. He uses real-world examples and case studies to illustrate his points, making the book accessible even to readers who are new to the subject.

Overall, "Investment Policy" is an invaluable resource for institutional investors, investment professionals, and anyone interested in understanding the key drivers of successful investment strategies. Ambachtsheer's expertise and practical insights make this book an essential addition to any investor's library. It offers a comprehensive guide that helps readers navigate the complexities of investment policy, providing them with the tools and knowledge to make informed decisions and achieve their investment goals.

What are readers saying?

The book "Investment Policy" by Keith P. Ambachtsheer has garnered a range of responses from readers. Many readers commended the book for its comprehensive and practical approach to investment policy. They found value in Ambachtsheer's insights and guidance on building and managing investment portfolios. These readers found the author's expertise and ability to explain complex concepts in a clear and accessible manner to be particularly appealing. They also viewed the book as a well-researched and up-to-date resource that caters to both novice and experienced investors.

However, not all readers were equally impressed with the book. Some felt that Ambachtsheer's writing style was dry and academic, which made it difficult for them to stay engaged with the material. They also felt that the book lacked specific examples and case studies to further enhance their understanding of investment policy. Additionally, a few readers expressed disappointment with the book's organization, finding it disjointed and in need of better structure.

Despite these mixed reviews, a common sentiment among readers is that the book lays a solid foundation for comprehending investment policy. Ambachtsheer's emphasis on long-term, strategic thinking and his focus on aligning investment goals with individual circumstances were well-received. The book was also praised for addressing the significance of risk management and the role of investment policy in attaining financial objectives.

Overall, while some readers found "Investment Policy" to be a valuable resource that provides insights into investment strategy, others felt that the book could have been more engaging and practical. Despite its shortcomings, it appears that the book is still regarded as a useful resource for individuals seeking to navigate the complexities of investment policy and portfolio management.