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...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
New York :
Oxford University Press,
2008.
|
Ausgabe: | 2nd ed. |
Schriftenreihe: | Financial Management Association survey and synthesis series.
|
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | 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. |
Beschreibung: | 1 online resource (xvi, 128 pages) : illustrations |
Bibliographie: | Includes bibliographical references (pages 119-124) and index. |
ISBN: | 9780199715794 0199715793 9781435638907 1435638905 9780199887194 0199887195 1281162310 9781281162311 9786611162313 6611162313 |
Internformat
MARC
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245 | 1 | 0 | |a Efficient asset management : |b a practical guide to stock portfolio optimization and asset allocation / |c by Richard O. Michaud and Robert O. Michaud. |
250 | |a 2nd ed. | ||
260 | |a New York : |b Oxford University Press, |c 2008. | ||
300 | |a 1 online resource (xvi, 128 pages) : |b illustrations | ||
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504 | |a Includes bibliographical references (pages 119-124) and index. | ||
588 | 0 | |a Print version record. | |
505 | 0 | |a 1 Introduction; 2 Classic Mean-Variance Optimization; 3 Traditional Criticisms and Alternatives; 4 Unbounded MV Portfolio Efficiency; 5 Linear Constrained MV Efficiency; 6 The Resampled Efficient Frontier?; 7 Portfolio Rebalancing, Analysis, and Monitoring; 8 Input Estimation and Stein Estimators; 9 Benchmark Mean-Variance Optimization; 10 Investment Policy and Economic Liabilities; 11 Bayes and Active Return Estimation; 12 Avoiding Optimization Errors; Epilogue; Bibliography; Index. | |
520 | |a 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. | ||
546 | |a English. | ||
650 | 0 | |a Investment analysis |x Mathematical models. | |
650 | 0 | |a Portfolio management |x Mathematical models. | |
650 | 6 | |a Analyse financière |x Modèles mathématiques. | |
650 | 6 | |a Gestion de portefeuille |x Modèles mathématiques. | |
650 | 7 | |a BUSINESS & ECONOMICS |x Investments & Securities |x General. |2 bisacsh | |
650 | 7 | |a Investment analysis |x Mathematical models |2 fast | |
650 | 7 | |a Portfolio management |x Mathematical models |2 fast | |
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Datensatz im Suchindex
DE-BY-FWS_katkey | ZDB-4-EBU-ocn219747540 |
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adam_text | |
any_adam_object | |
author | Michaud, Richard O., 1941- |
author2 | Michaud, Robert O. |
author2_role | |
author2_variant | r o m ro rom |
author_GND | http://id.loc.gov/authorities/names/n98006571 http://id.loc.gov/authorities/names/n2007039409 |
author_facet | Michaud, Richard O., 1941- Michaud, Robert O. |
author_role | |
author_sort | Michaud, Richard O., 1941- |
author_variant | r o m ro rom |
building | Verbundindex |
bvnumber | localFWS |
callnumber-first | H - Social Science |
callnumber-label | HG4529 |
callnumber-raw | HG4529 .M53 2008eb |
callnumber-search | HG4529 .M53 2008eb |
callnumber-sort | HG 44529 M53 42008EB |
callnumber-subject | HG - Finance |
classification_rvk | QK 530 QK 810 |
classification_tum | WIR 160f |
collection | ZDB-4-EBU |
contents | 1 Introduction; 2 Classic Mean-Variance Optimization; 3 Traditional Criticisms and Alternatives; 4 Unbounded MV Portfolio Efficiency; 5 Linear Constrained MV Efficiency; 6 The Resampled Efficient Frontier?; 7 Portfolio Rebalancing, Analysis, and Monitoring; 8 Input Estimation and Stein Estimators; 9 Benchmark Mean-Variance Optimization; 10 Investment Policy and Economic Liabilities; 11 Bayes and Active Return Estimation; 12 Avoiding Optimization Errors; Epilogue; Bibliography; Index. |
ctrlnum | (OCoLC)219747540 |
dewey-full | 332.6 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 332 - Financial economics |
dewey-raw | 332.6 |
dewey-search | 332.6 |
dewey-sort | 3332.6 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
edition | 2nd ed. |
format | Electronic eBook |
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id | ZDB-4-EBU-ocn219747540 |
illustrated | Illustrated |
indexdate | 2024-11-26T14:48:58Z |
institution | BVB |
isbn | 9780199715794 0199715793 9781435638907 1435638905 9780199887194 0199887195 1281162310 9781281162311 9786611162313 6611162313 |
language | English |
oclc_num | 219747540 |
open_access_boolean | |
owner | MAIN DE-863 DE-BY-FWS |
owner_facet | MAIN DE-863 DE-BY-FWS |
physical | 1 online resource (xvi, 128 pages) : illustrations |
psigel | ZDB-4-EBU |
publishDate | 2008 |
publishDateSearch | 2008 |
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publisher | Oxford University Press, |
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series | Financial Management Association survey and synthesis series. |
series2 | Financial Management Association survey and synthesis series |
spelling | Michaud, Richard O., 1941- https://id.oclc.org/worldcat/entity/E39PCjxVxgXg37ypFpht3dBVRX http://id.loc.gov/authorities/names/n98006571 Efficient asset management : a practical guide to stock portfolio optimization and asset allocation / by Richard O. Michaud and Robert O. Michaud. 2nd ed. New York : Oxford University Press, 2008. 1 online resource (xvi, 128 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file Financial Management Association survey and synthesis series Includes bibliographical references (pages 119-124) and index. Print version record. 1 Introduction; 2 Classic Mean-Variance Optimization; 3 Traditional Criticisms and Alternatives; 4 Unbounded MV Portfolio Efficiency; 5 Linear Constrained MV Efficiency; 6 The Resampled Efficient Frontier?; 7 Portfolio Rebalancing, Analysis, and Monitoring; 8 Input Estimation and Stein Estimators; 9 Benchmark Mean-Variance Optimization; 10 Investment Policy and Economic Liabilities; 11 Bayes and Active Return Estimation; 12 Avoiding Optimization Errors; Epilogue; Bibliography; Index. 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. English. Investment analysis Mathematical models. Portfolio management Mathematical models. Analyse financière Modèles mathématiques. Gestion de portefeuille Modèles mathématiques. BUSINESS & ECONOMICS Investments & Securities General. bisacsh Investment analysis Mathematical models fast Portfolio management Mathematical models fast Finanzanalyse gnd Mathematisches Modell gnd http://d-nb.info/gnd/4114528-8 Portfolio Selection gnd http://d-nb.info/gnd/4046834-3 Michaud, Robert O. http://id.loc.gov/authorities/names/n2007039409 has work: Efficient asset management (Text) https://id.oclc.org/worldcat/entity/E39PCFXcpJ6DKtkBhTWCD6tjbq https://id.oclc.org/worldcat/ontology/hasWork Print version: Michaud, Richard O., 1941- Efficient asset management. 2nd ed. New York : Oxford University Press, 2008 9780195331912 0195331915 (DLC) 2007020912 (OCoLC)138339873 Financial Management Association survey and synthesis series. http://id.loc.gov/authorities/names/n86711126 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=218098 Volltext |
spellingShingle | Michaud, Richard O., 1941- Efficient asset management : a practical guide to stock portfolio optimization and asset allocation / Financial Management Association survey and synthesis series. 1 Introduction; 2 Classic Mean-Variance Optimization; 3 Traditional Criticisms and Alternatives; 4 Unbounded MV Portfolio Efficiency; 5 Linear Constrained MV Efficiency; 6 The Resampled Efficient Frontier?; 7 Portfolio Rebalancing, Analysis, and Monitoring; 8 Input Estimation and Stein Estimators; 9 Benchmark Mean-Variance Optimization; 10 Investment Policy and Economic Liabilities; 11 Bayes and Active Return Estimation; 12 Avoiding Optimization Errors; Epilogue; Bibliography; Index. Investment analysis Mathematical models. Portfolio management Mathematical models. Analyse financière Modèles mathématiques. Gestion de portefeuille Modèles mathématiques. BUSINESS & ECONOMICS Investments & Securities General. bisacsh Investment analysis Mathematical models fast Portfolio management Mathematical models fast Finanzanalyse gnd Mathematisches Modell gnd http://d-nb.info/gnd/4114528-8 Portfolio Selection gnd http://d-nb.info/gnd/4046834-3 |
subject_GND | http://d-nb.info/gnd/4114528-8 http://d-nb.info/gnd/4046834-3 |
title | Efficient asset management : a practical guide to stock portfolio optimization and asset allocation / |
title_auth | Efficient asset management : a practical guide to stock portfolio optimization and asset allocation / |
title_exact_search | Efficient asset management : a practical guide to stock portfolio optimization and asset allocation / |
title_full | Efficient asset management : a practical guide to stock portfolio optimization and asset allocation / by Richard O. Michaud and Robert O. Michaud. |
title_fullStr | Efficient asset management : a practical guide to stock portfolio optimization and asset allocation / by Richard O. Michaud and Robert O. Michaud. |
title_full_unstemmed | Efficient asset management : a practical guide to stock portfolio optimization and asset allocation / by Richard O. Michaud and Robert O. Michaud. |
title_short | Efficient asset management : |
title_sort | efficient asset management a practical guide to stock portfolio optimization and asset allocation |
title_sub | a practical guide to stock portfolio optimization and asset allocation / |
topic | Investment analysis Mathematical models. Portfolio management Mathematical models. Analyse financière Modèles mathématiques. Gestion de portefeuille Modèles mathématiques. BUSINESS & ECONOMICS Investments & Securities General. bisacsh Investment analysis Mathematical models fast Portfolio management Mathematical models fast Finanzanalyse gnd Mathematisches Modell gnd http://d-nb.info/gnd/4114528-8 Portfolio Selection gnd http://d-nb.info/gnd/4046834-3 |
topic_facet | Investment analysis Mathematical models. Portfolio management Mathematical models. Analyse financière Modèles mathématiques. Gestion de portefeuille Modèles mathématiques. BUSINESS & ECONOMICS Investments & Securities General. Investment analysis Mathematical models Portfolio management Mathematical models Finanzanalyse Mathematisches Modell Portfolio Selection |
url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=218098 |
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