Gary Antonacci - Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk

Praise for Dual Momentum Investing

This is an excellent book on the various forms of price momentum: why they work, including a very clever way to use them. I highly recommend investors read this book.

James P. OShaughnessy, author, What Works on Wall Street;
Chairman and CEO, OShaughnessy Asset Management

Gary Antonacci takes us on a comprehensive tour of investment methods, exploring their strengths and weaknesses, and lays out a strong case for combining absolute and relative momentum. I consider Dual Momentum Investing an essential reference for system designers, money managers, and investors.

Ed Seykota

I was familiar with Antonaccis writing talent when he won first place in the 2012 NAAIM Wagner Paper contest, which I chair. Dual Momentum Investing is a treasure of well-researched momentum-driven investing processes. After a thorough and enlightening review of historical momentum writings and a brief, critical review of modern portfolio theory, he clearly shows a number of different methods that anyone who is serious about a long-term strategy will find easy to implement. This is one of those five-star books; it is logical and easy to grasp.

Gregory L. Morris, Chief Technical Analyst
and Investment Committee Chairman,
Stadion Money Management, LLC; author, Investing with the Trend

In Dual Momentum Investing, Gary Antonacci presents a clear and scholarly sound case for the success of a simple momentum-based strategy. It is easy to implement, yet its quantitative nature helps you avoid your own behavioral biases. Give it a try; youll be hooked!

John Nofsinger, PhD, Seward Chair of Finance,
University of Alaska Anchorage; author, The Psychology of Investing

Gary Antonaccis Dual Momentum Investing is what happens when Ed Thorpes Beat the Dealer meets Seth Klarmans Margin of Safety. Dual Momentum presents a thoughtful and tantalizing do what you know and know what youre doing investment process. This is an ambitious and must-have book.

Claude Erb, retired Managing Director, TCW Group, Inc.

This is a must-read for both individual investors as well as financial advisors. It will forever change the way you think about developing investment and asset allocation strategies.

Dr. Bob Froehlich, retired Vice Chairman, Deutsche Asset Management

Gary Antonacci provides a fantastic and valuable viewpoint of dual momentum investing. This book is highly informative, substantive, and readable for the sophisticated investor. Gary presents a well-crafted balance between academic findings and application of this emerging topic.

Victor Ricciardi, Coeditor, Investor Behavior:
The Psychology of Financial Planning and Investing

Few authors can review the breadth of competing investment theories and practices in such an accessible manner. Even fewer can make their own contributions. Gary Antonaccis Dual Momentum Investing achieves both.

Jerry Waldron, PhD, former Assistant Professor
of Finance, University of Memphis
and Assistant Professor of Management, New York University
Stern School of Business

Gary Antonaccis book Dual Momentum Investing opens up a secret worldthe power of momentum investingthat has been hidden in plain sight for decades.

Kurt Brouwer, Chairman, Brouwer & Janachowski, LLC

Copyright 2015 by Gary Antonacci. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.

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E UGENE FAMA, THE 2014 CORECIPIENT of the Nobel Prize in Economics and father of the efficient market hypothesis, has three words to describe momentum: momentum is pervasive. This is no small admission from Dr. Fama. Yet, despite momentum being pervasive, it remains largely, and perhaps curiously, misunderstood by investors. Thankfully, we have Gary Antonacci to fill this void. Garys