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...
Bewaard in:
| Hoofdauteur: | |
|---|---|
| Andere auteurs: | |
| Taal: | Undetermined English |
| Gepubliceerd in: |
New York
Oxford University Press
2008
|
| Onderwerpen: | |
| Tags: |
Voeg label toe
Geen labels, Wees de eerste die dit record labelt!
|
| Thư viện lưu trữ: | Trung tâm Học liệu Trường Đại học Trà Vinh |
|---|
| Samenvatting: | 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 |
|---|---|
| Fysieke beschrijving: | 128 p. 24 cm |
| ISBN: | 0195331915 9780195331912 |