Behavioral Investment Management: An Efficient Alternative To Modern Portfolio Theory
Автор: [автор не указан] Год: 2011 Издание: [не указанo] Страниц: 400 ISBN: 9780071746601 The End of Modern Portfolio Theory In Behavioral Investment Management a Barclay's Wealth “dream team” proves what many have been thinking since the global economic down: Modern Portfolio Theory (MPT) is no longer a viable portfolio management strategy. Inherently flawed and based largely on ideology, MPT can not be relied upon in modern markets. Behavioral Investment Management offers a new approach-one addresses certain realities that MPT ignores, including the fact that emotions play a major role in investing. The authors lay out new standards reflecting behavioral finance and dynamic asset allocation, then explain how to apply these standards to your current portfolio construction efforts. They explain how to move away from the idealized, black-and-white world of MPT and into the real world of investing--placing heavy emphasis on the importance of mastering emotions. Behavioral Investment Management provides a portfolio-management standard...
