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Beyond Diversification: What Every Investor Needs to Know About Asset Allocation Sebastien Page

Beyond Diversification: What Every Investor Needs to Know About Asset Allocation By Sebastien Page

Beyond Diversification: What Every Investor Needs to Know About Asset Allocation by Sebastien Page


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Beyond Diversification: What Every Investor Needs to Know About Asset Allocation Summary

Beyond Diversification: What Every Investor Needs to Know About Asset Allocation by Sebastien Page

Generate solid, long-term profits with a portfolio allocated for your investing needs

Asset allocation is the key to investing performance. Unfortunately, no single approach works perfectly-developing the right balance requires a clear-eyed look at the many models available to you, various investing methodologies, and your or your client's level of risk tolerance. And that's where this important guide comes in.

Written by a leading allocation expert from T. Rowe Price, Beyond Diversification provides the knowledge, insights, and approaches you need to make the best allocation decisions for your goals. This deep dive into the how's and why's of asset allocation is organized by the three decisive components of a successfully allocated portfolio:

  • Return Forecasting discusses the desired return investors seek.
  • Risk Forecasting covers the level of risk investors are prepared to assume to achieve that return.
  • Portfolio Construction calibrates the stock-bond mix that balances the risks and returns.
With examples from T. Rowe Price's asset allocation team showing you how the process works in the real world, Beyond Diversification provides everything you need to find the asset combination that will deliver the results you seek. You'll learn how to choose the right tradeoffs, build the most effective asset allocation combination for your needs, and dramatically increase your odds of success for the long run.


Table of Contents

Foreword by Rob Sharps
Head of Investments & Group CIO, T. Rowe Price

PART ONE
RETURN FORECASTING
1 Equilibrium and Something About
Quack Remedies Sold on the Internet
2 Valuation and Something About Kool-Aid
3 Shorter-Term Valuation Signals and
Something About Coffee and Egg Yolks
4 Shorter-Term Macro Signals and
Something About Driving a Truck
5 Momentum and Something About Horoscopes
6 Thoughts on Return Forecasting and
Something About the Feelings of Electrons

PART TWO
RISK FORECASTING
7 Risk-Based Investing and Something About Sailboats
8 Longer-Term Risk Forecasting and
Something About Dilequant
9 Correlations and Something About a Freezer and an Oven
10 Correlation Forecasts, Tail Risks, and Something About a Rug
11 Fat Tails and Something About the Number of Particles
in the Universe

PART THREE
PORTFOLIO CONSTRUCTION
12 Asset Classes Versus Risk Factors and
Something About Dr. Strange
13 Stocks Versus Bonds and
Something About Precision Weapons
14 Single-Period Portfolio Optimization and
Something About Controlled Substances
15 Private Assets and Something About Ostriches
16 Active Versus Passive and Something About the Pharma Bro
17 Sample Portfolios and Something About Gunslingers

Conclusion
Afterword
Acknowledgments
References and Bibliography
Index


Additional information

CIN1260474879VG
9781260474879
1260474879
Beyond Diversification: What Every Investor Needs to Know About Asset Allocation by Sebastien Page
Used - Very Good
Hardback
McGraw-Hill Education
2020-12-29
336
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

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