Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation Includes CD (Financial Management Association Survey and Synthesis Series)

Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation Includes CD (Financial Management Association Survey and Synthesis Series)
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Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation Consists of CD (Monetary Management Association Survey and Synthesis Series) Description

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Despite the theoretical positive aspects, Markowitz mean-variance (MV) optimized portfolios usually fail to meet the investment practices of marketing and advertising objectives, usability and performance, which led to several investors to seek simpler solutions. Financial specialists Richard and Robert Michaud demonstrate that the limitations of MV optimization are not the result of style flaws in Markowitz theory but unrealistic representation of investment details. What is missing is a realistic treatment of estimation error in the optimization and rebalancing.
text provides a non-technical review of classical Markowitz optimization and conventional objections. The authors show that in practice the most crucial limitation of MV optimization is hypersensitive to the estimation error. Portfolio optimization needs a contemporary statistical perspective. Efficient management of assets, employing the second edition of the Monte Carlo resampling to address data uncertainty and define resampled effici Efficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation Includes CD (Monetary Management Association Survey and Synthesis Series)

\n\nEfficient Asset Management: A Practical Guide to Stock Portfolio Optimization and Asset Allocation Includes CD (Financial Management Association Survey and Synthesis Series) Ebook

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