Herramientas Prácticas para Inversores II (Applied Tools for Investors II)
The ultimate goal of this course is to provide students with tools that they will find valuable both as individual investors or as practitioners in the finance industry, particularly in the area of wealth management. The course is 100% applied and practical; students will learn both what the tools are about and how to apply them.
The course consists of two parts independent from each other; students can take just one of the two parts or both, and they can take the second part without having taken the first. Each part is evaluated independently from the other through two applications (very applied problem sets), in which students will obtain a hands-on experience on the tools discussed. The topics to be discussed in the second part of the course follow immediately below.
• Financial Planning (I) – The Accumulation Period
• Financial Planning (II) – The Retirement Period
• Portfolio Construction (I) – Optimization in Excel
• Portfolio Construction (II) – Geometric Mean Maximization
• Forecasting (I) – Multiples
• Forecasting (II) – The Return Decomposition Model
• Behavioral Finance (I) – A Primer
• Behavioral Finance (II) – A Primer (Cont.)
• Application 1 – Extensions
• Application 2 – Extensions
Profesor
Javier Estrada
Javier Estrada is a Professor of Finance at IESE Business School in Barcelona, Spain. He is also a partner and financial advisor at Sports Global Consulting Investments, an independent financial advisory company that provides wealth management advice to professional athletes and other clients; and he is the sole advisor of the investment strategy of the Alpha Investments fund, a publicly-traded mutual fund.
Javier holds an M.S. in Finance and a Ph.D. in Economics from the University of Illinois at Urbana-Champaign (USA), and a B.A. in Economics from the National University of La Plata (Buenos Aires, Argentina). His areas of specialization are wealth management, portfolio management, investments, and law & economics.
Javier held positions at both the Economics Department and the Finance Department of Carlos III University (Madrid, Spain). He is also a regular visiting professor at HANKEN (Helsinki, Finland), IPADE (Mexico City, Mexico), Torcuato Di Tella University (Buenos Aires, Argentina), and the University of Montevideo (Montevideo, Uruguay), and has lectured on diverse topics around the world.
Javier is the author of Finance in a Nutshell (FT Prentice Hall, 2005), originally written in English and translated into Spanish, Italian, and Chinese; a second edition of this book was published in 2011, is entitled The FT Guide to Understanding Finance, and was translated into Korean. He is also the author of The Essential Financial Toolkit – Everything You Always Wanted To Know About Finance But Were Afraid To Ask (Palgrave Macmillan, 2011).
Javier has done extensive research in the areas of portfolio management, investment strategies, and risk; he has also done research on emerging markets and insider trading. His articles have been published in the Journal of Portfolio Management, the Journal of Investing, the Journal of Asset Management, and the Journal of Wealth Management, among other journals. His research has been discussed on the Wall Street Journal, the Financial Times, Forbes, Barron’s, Morningstar, and on several blogs. He was also the founding editor of the Emerging Markets Review and was editor of the journal between inception in 2000 and 2006.
Javier is a member of the CFA Institute’s Speaker Retainer Program; teaches open-enrollment programs and several courses on personal finance and wealth management; is the Academic Director of IESE's Global Executive MBA; and was a tennis instructor.
