In this course, you will dive into the concepts of rationality and irrationality and understand how they impact our investment decisions and what the consequences can be at the market level.
Ce cours fait partie de la Spécialisation Gestion des investissements
Meeting Investors' Goals
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À propos de ce cours
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Résultats de carrière des étudiants
14%
ont commencé une nouvelle carrière après avoir terminé ce cours
21%
ont bénéficié d'un avantage concret dans leur carrières grâce à ce cours
Compétences que vous acquerrez
Portfolio ConstructionInvestment StyleCognitive BiasInvestment
Résultats de carrière des étudiants
14%
ont commencé une nouvelle carrière après avoir terminé ce cours
21%
ont bénéficié d'un avantage concret dans leur carrières grâce à ce cours
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Approx. 16 heures pour terminer
Recommandé : 7 hours/week
Anglais
Sous-titres : Anglais
Offert par
Université de Genève
Founded in 1559, the University of Geneva (UNIGE) is one of Europe's leading universities. Devoted to research, education and dialogue, the UNIGE shares the international calling of its host city, Geneva, a centre of international and multicultural activities with a venerable cosmopolitan tradition.
Programme du cours : ce que vous apprendrez dans ce cours
1 heure pour terminer
General Introduction and Key Concepts
In this introductory week, we will start by illustrating how emotions can hinder sensible investment decisions. You will then have the opportunity to check if you master the concepts of the first course that are important for this second course. Finally, we will lay the ground for next week’s content by looking at rational decision making.
1 heure pour terminer
7 vidéos (Total 36 min), 2 lectures, 3 quiz
7 vidéos
An example: buying is easy, but when is it a good time to sell? - Buying7 min
An example: buying is easy, but when is it a good time to sell? - Holding3 min
An example: buying is easy, but when is it a good time to sell? - Selling10 min
The key things you need to know to define your investment profile - UBS guest speaker4 min
What you will learn in this Module1 min
Rational decision making7 min
2 lectures
Course syllabus5 min
Glossary10 min
3 exercices pour s'entraîner
Practice quiz on the relevant content of Course 1 (Understanding Financial Markets)10 min
Guess 2/3 of the average2 min
Graded quiz on the content of Week 110 min
2 heures pour terminer
How Individuals Make Financial Decisions
The focus of this second week is on you, the investor: what are the reasons you participate in financial markets? How do you make investment decisions? What can go wrong in your decision process and what are the consequences? What can you do about it? To answer these questions, we will talk about cognitive biases, emotions and moral values and their respective link with investment decisions.
2 heures pour terminer
15 vidéos (Total 83 min)
15 vidéos
The basic steps in investment2 min
Biases when choosing which assets to look at3 min
Biases when processing financial information4 min
Biases when rebalancing you portfolio4 min
Biases when evaluating performance2 min
Wrap up3 min
How our emotions impact our investment decisions4 min
Why we trade6 min
What can we learn from this?9 min
The role of media in financial markets10 min
Honesty and trust in investment decision making - Study design10 min
Honesty and trust in investment decision making - Study results5 min
Impact Investing - UBS guest speaker4 min
Are emotions always a bad thing in investing?4 min
1 exercice pour s'entraîner
Graded quiz on the content of Week 210 min
3 heures pour terminer
Market Efficiency, Bubbles & Crises
In this third week, we will have a look at investors’ behavior as a group. How does it impact asset prices? How do these prices reflect available information? What does it imply for the profitability of some trading strategies? What can go wrong in this price formation process and how can (and did) it cause financial bubbles and crises? This week also features as special guest: Prof. Jean-Pierre Danthine, former vice-chairman of the Swiss National Bank, who will offer insights into some of these issues.
3 heures pour terminer
18 vidéos (Total 138 min)
18 vidéos
Defining market efficiency6 min
Testing for the efficient market hypothesis: Weak form7 min
Testing for the efficient market hypothesis: Semi strong form6 min
Testing for the efficient market hypothesis: Strong form4 min
Overview of different origins of financial crises3 min
A first example for the development and fallout of a real crisis: the VW scandal4 min
A second example for the development and fallout of a real crisis: oil shocks - 1970s8 min
A second example for the development and fallout of a real crisis: oil shocks - 2000s6 min
A first example of an anticipation crisis: 1987 - The "Fed Model"9 min
A first example of an anticipation crisis: 1987 - The crash8 min
A second example of an anticipation crisis: 200010 min
The perfect storm: the global financial crisis - Global imbalances9 min
The perfect storm: the global financial crisis - Policy errors9 min
The perfect storm: the global financial crisis - Lax regulation7 min
How do central banks deal with the issue of financial (in)stability? - Course 1 recap10 min
How do central banks deal with the issue of financial (in)stability? - Asset prices8 min
An interview with Prof. Jean-Pierre Danthine16 min
2 exercices pour s'entraîner
Graded quiz on market efficiency10 min
Graded quiz on the origins of financial bubbles and crises10 min
2 heures pour terminer
Portfolio Construction and Investment Styles
In this final week, we will look at two main portfolio construction methodologies: top-down and bottom-up. We will see how they differ but also how they can be combined. In the second lesson, we will review some important investment styles that are commonly used in the portfolio management industry. In this final lesson, you will also be given the opportunity to experiment with different trading strategies and compare your results with fellow learners.
2 heures pour terminer
11 vidéos (Total 87 min)
11 vidéos
Building a portfolio the top-down way – Definition8 min
Building a portfolio the top-down way – Use7 min
Building a portfolio the top-down way – Importance6 min
Portfolio construction via bottom-up - UBS guest speaker7 min
Value versus growth12 min
Fundamental or quantitative driven style? - UBS guest speaker3 min
Contrarian versus momentum - Momentum10 min
Contrarian versus momentum - Contrarian8 min
Core & satellite11 min
Thematic investing - UBS guest speaker3 min
2 exercices pour s'entraîner
Graded quiz on portfolio construction10 min
Graded quiz on investment styles10 min
Avis
4.8
Meilleurs avis pour MEETING INVESTORS' GOALS
par MBNov 22, 2016
I heartily thank everyone participate in this course . this course gave me a comprehensive knowledge about different types of investment styles and the optimum way to build an investment portfolio .
par DADec 4, 2016
One of the best courses I've found about investment strategies and styles. It was also very interesting the impact of emotions and cognitive biases in our investment decisions. Highly recommended.
par MUOct 22, 2016
I love this course because I was planning to start investing in the Bovespa (Sao Paulo, Brazil) following only the guides of sensational analysts. This course recommends being cautious. Thank you.
par SXMar 4, 2019
Excellent coverage of topics. Personal favorite was the behavioral aspects in investing- the biases. Great practical industry insights from the UBS team as well. Highly recommended course.
À propos du Spécialisation Gestion des investissements
In this Specialization, you will understand how investment strategies are designed to reach financial goals in a global context. You will learn the theory that underlies strong investment decisions, as well as practical, real-world skills that you can apply when discussing investment proposals with your advisor, managing your personal assets or your client’s investment portfolio. You will start by developing a global understanding of financial markets and what impacts rational and irrational behaviors have in finance at the micro and macro levels. You will then learn how to adequately build and manage a portfolio with a long-term view while gaining an appreciation for novel research advances in finance and related areas as well as future trends that are shaping the investment management industry. In the final Capstone Project, you will create a sensible 5-year investment plan that accounts for an investor's goals and constraints in a dynamic economic landscape. Key speakers from UBS, our corporate partner, will contribute to this specialization by providing you with practical insights they have gathered through years of experience working for the world’s largest wealth manager.
Director of this Specialization and main teaching contributor: Dr. Michel Girardin, Lecturer in Macro-Finance, University of Geneva
Foire Aux Questions
Quand aurai-je accès aux vidéos de cours et aux devoirs ?
Une fois que vous êtes inscrit(e) pour un Certificat, vous pouvez accéder à toutes les vidéos de cours, et à tous les quiz et exercices de programmation (le cas échéant). Vous pouvez soumettre des devoirs à examiner par vos pairs et en examiner vous-même uniquement après le début de votre session. Si vous préférez explorer le cours sans l'acheter, vous ne serez peut-être pas en mesure d'accéder à certains devoirs.
À quoi ai-je droit si je m'abonne à cette Spécialisation ?
Lorsque vous vous inscrivez au cours, vous bénéficiez d'un accès à tous les cours de la Spécialisation, et vous obtenez un Certificat lorsque vous avez réussi. Votre Certificat électronique est alors ajouté à votre page Accomplissements. À partir de cette page, vous pouvez imprimer votre Certificat ou l'ajouter à votre profil LinkedIn. Si vous souhaitez seulement lire et visualiser le contenu du cours, vous pouvez accéder gratuitement au cours en tant qu'auditeur libre.
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