Title: Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor (a review)
Abstract: In Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart Investor, financial journalist James Picerno shows how research in the past few decades has refined the concepts introduced in seminal papers on modern portfolio theory. The random walk and efficient market hypotheses are not equivalent, he argues, nor does disproving the former undermine the usefulness of the latter. Picerno does not merely address these theoretical issues; he also offers guidance on customizing a portfolio for an investor’s individual needs and changing circumstances. The book’s comprehensive review of the literature pays off with numerous nuggets of investment knowledge.
Publication Year: 2010
Publication Date: 2010-02-04
Language: en
Type: article
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