Modern Investment Management: An Equilibrium Approach
Автор:Bob Litterman Год: 2003 Издание:Wiley Страниц: 624 ISBN: 0471124109 There are many approaches to investing, but for Bob Litterman and Goldman Sachs Asset Management's Quantitative Resources Group, the equilibrium approach has been the most rewarding. In any dynamic system, equilibrium is an idealized point where forces are perfectly balanced. In economics, equilibrium refers to a state of the world where supply equals demand. And although perfect equilibrium is never actually reached in financial markets, this modern investment framework provides guidance for informed investment decisions in a world where random shocks constantly create new opportunities. "Modern Investment Management: An Equilibrium Approach" outlines the modern investment theory used by the Quantitative Resources Group at Goldman Sachs Asset Management to achieve strong, consistent investment returns. Through in-depth analysis and expert advice, you'll learn how the insights of an equilibrium framework help you to structure a portfolio that maximizes expected returns within a...
