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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Bibliographische Detailangaben
1. Verfasser: Michaud, Richard O., 1941-
Weitere Verfasser: Michaud, Robert O.
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

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