"This book provides a complete taxonomy of modern methods for constructing investment portfolios. It goes beyond the simplest models and heuristics that are commonly used today and brings advances that are otherwise buried in Ph.D.-level mathematics to the financial advisor comm…
"This book provides a complete taxonomy of modern methods for constructing investment portfolios. It goes beyond the simplest models and heuristics that are commonly used today and brings advances that are otherwise buried in Ph.D.-level mathematics to the financial advisor comm…
Gives a review of the historical performance record of popular assets like stocks, bonds and cash and looks at the impact of inflation. A discussion of diversification follows with examples from well-known portfolios and a discussion of the place of advisory fees.