Cargando…
Efficient asset management : a practical guide to stock portfolio optimization and asset allocation /
In spite of theoretical benefits, Markowitz mean-variance (MV) optimized portfolios often fail to meet practical investment goals of marketability, usability, and performance, prompting many investors to seek simpler alternatives. Financial experts Richard and Robert Michaud demonstrate that the lim...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Oxford University Press,
2008.
|
| Edición: | 2nd ed. |
| Colección: | Financial Management Association survey and synthesis series.
|
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | In spite of theoretical benefits, Markowitz mean-variance (MV) optimized portfolios often fail to meet practical investment goals of marketability, usability, and performance, prompting many investors to seek simpler alternatives. Financial experts Richard and Robert Michaud demonstrate that the limitations of MV optimization are not the result of conceptual flaws in Markowitz theory but unrealistic representation of investment information. What is missing is a realistic treatment of estimation error in the optimization and rebalancing process. The text provides a non-technical review of class. |
|---|---|
| Descripción Física: | 1 online resource (xvi, 128 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 119-124) and index. |
| ISBN: | 9780199715794 0199715793 9781435638907 1435638905 9780199887194 0199887195 1281162310 9781281162311 9786611162313 6611162313 |