Deep Risk: How History Informs Portfolio Design (Investing For

Deep Risk: How History Informs Portfolio Design (Investing For Adults)

Deep risk: How History informs Portfolio Design is the third installment in the investing for adults series. this series is not for novices. This booklet takes portfolio design beyond the familiar â‚¬Å“black boxâ‚¬Â mean-variance framework. Most importantly, the short-term volatility of financial assets, commonly measured as standard deviation, is a highly imperfect measure of the actual long-horizon perils faced by real-world investors subject to the vagaries of financial and military history. These risks have namesâ‚¬"inflation, deflation, confiscation, and devastationâ‚¬"and any useful discussion of portfolio design of necessity incorporates their probabilities, consequences, and costs of mitigation. Youâ‚¬re an investment adult, so you know that the future efficient frontier lies well beyond our ken; presumably you already know all about the mechanics, long-term benefits, as well as the uncertainties, of wide diversification and factor tilt using low-cost, efficient vehicles and the risk/reward spectrum between all-fixed- income and all-equity portfolios. This booklet contains no magic formula for the â‚¬Å“perfect portfolio,â‚¬Â but rather, with luck, a framework within which to think more clearly about risk.
Country USA
Brand Efficient Frontier Publications
Manufacturer Efficient Frontier Publications
Binding Paperback
ItemPartNumber black & white illustrations
UnitCount 1
EANs 9780988780316
ReleaseDate 0000-00-00

Country	USA
Brand	Efficient Frontier Publications
Manufacturer	Efficient Frontier Publications
Binding	Paperback
ItemPartNumber	black & white illustrations
UnitCount	1
EANs	9780988780316
ReleaseDate	0000-00-00

Deep Risk: How History Informs Portfolio Design (Investing For Adults)

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