Book description
Today's modern portfolio theory is not your father's MPT. It has undergone many changes in the past fifty years. Indeed, a new understanding of MPT has emerged, one that has a significant impact on managing asset allocation—especially in today's turbulent markets. Dynamic Asset Allocation interprets and integrates the developments in modern portfolio theory: from the efficient-market hypothesis and indexing of decades past to strategies for building winning portfolios today. The book is filled with practical, hands-on advice for investors, including guidance on approaching investment as a risk-management task.
Table of contents
- Copyright
- Praise for Dynamic Asset Allocation
- Acknowledgments
- Introduction
- 1. In the Beginning ...
- 2. Inventing Portfolio Theory
- 3. Other Betas
- 4. Rethinking Random Walks and Efficient Markets
- 5. The Market Portfolio Is the Benchmark
- 6. Rebalancing The Natural Extension of Asset Allocation
- 7. Tactical Asset Allocation The Devil and the Details
- 8. Customizing Asset Allocation
- 9. Equilibrium, Economics, and Estimates
- 10. What Have We Learned After Fifty Years?
-
Bibliography
- About the Author
- About Bloomberg
Product information
- Title: Dynamic Asset Allocation Modern Portfolio Theory Updated for the Smart Investor
- Author(s):
- Release date: February 2010
- Publisher(s): Wiley
- ISBN: 9781576603598
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