[Ebook free] Strategic Asset Allocation: Portfolio Choice for Long-Term Investors (Clarendon Lectures in Economics)
✿ John Y. Campbell, Luis M. Viceira ✿
#1112664 in eBooks 2002-01-03 2002-01-03File Name: B006SF3PLC
46 of 49 people found the following review helpful. Just very goodBy RatsThis book sums up recent research on the "strategic" (as opposed to "tactical", see eg Wai Lee's recent good book) asset allocation decisions - those of people wanting to design a portfolio for the very long term.I am a practitioner, but this is not a practicioners' book on many counts: some of the formalism is hard (eg chap 5 on continuous-time models), it does not include rules of thumb, its basic framework requires a lo`In Strategic Asset Allocation John Campbell and Luis Viceira go beyond the usual capital-markets research monographs that survey a broad swath of asset pricing and investment theory. Instead, they dig deeply and insightfully into how an individual investor would best allocate wealth into broad asAcademic finance has had a remarkable impact on many financial services. Yet long-term investors have received curiously little guidance from academic financial economists.Mean-variance analysis, developed almost fifty years ago, has provided a basic paradigm for portfolio choice. This approach usefully emphasizes the ability of diversification to reduce risk, but it ignores several critically important factors. Most notably, the analysis is static; it assumes that investors care only about ris... [PDF.vz71] Strategic Asset Allocation: Portfolio Choice for Long-Term Investors (Clarendon Lectures in Economics) Rating: 3.76 (404 Votes)
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You can specify the type of files you want, for your device.Strategic Asset Allocation: Portfolio Choice for Long-Term Investors (Clarendon Lectures in Economics) | John Y. Campbell, Luis M. Viceira. I have read it a couple of times and even shared with my family members. Really good. Couldnt put it down.
