Includes bibliographical references (pages 250-266) and index.
Contents
In the beginning -- Inventing portfolio theory -- Other betas -- Rethinking random walks and efficient markets -- The market portfolio is the benchmark -- Rebalancing : the natural extension of asset allocation -- Tactical asset allocation: the devil and the details -- Customizing asset allocation -- Equilibrium, economics, and estimates -- What have we learned after fifty years?
Summary
"This book presents a unifying theory of long-term investing for strategic-minded investors that combines modern portfolio theory with value investing. It shows how to build a winning portfolio using dynamic asset allocation, how modern portfolio theory has changed in recent years, and how those changes affect the strategic investor and portfolio design in today's financial climate"--Provided by publisher.