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...
Shranjeno v:
| Glavni avtor: | |
|---|---|
| Drugi avtorji: | |
| Jezik: | Undetermined English |
| Izdano: |
New York
Oxford University Press
2008
|
| Teme: | |
| Oznake: |
Označite
Brez oznak, prvi označite!
|
| Thư viện lưu trữ: | Trung tâm Học liệu Trường Đại học Trà Vinh |
|---|
| Izvleček: | 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 |
|---|---|
| Fizični opis: | 128 p. 24 cm |
| ISBN: | 0195331915 9780195331912 |