Asset Allocation


From Theory to Practice and Beyond

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ISBN: 9781119817710 Category:

<p><b>Discover a masterful exploration of the fallacies and challenges of asset allocation </b></p> <p>In <i>Asset Allocation: From Theory to Practice and Beyond</i>&mdash;the newly and substantially revised <i>Second Edition</i> of <i>A Practitioner&rsquo;s Guide to Asset Allocation</i>&mdash;accomplished finance professionals William Kinlaw, Mark P. Kritzman, and David Turkington deliver a robust and insightful exploration of the core tenets of asset allocation.</p> <p>Drawing on their experience working with hundreds of the world&rsquo;s largest and most sophisticated investors, the authors review foundational concepts, debunk fallacies, and address cutting-edge themes like factor investing and scenario analysis. The new edition also includes references to related topics at the end of each chapter and a summary of key takeaways to help readers rapidly locate material of interest.</p> <p>The book also incorporates discussions of:</p> <ul> <li>The characteristics that define an asset class, including stability, investability, and similarity</li> <li>The fundamentals of asset allocation, including definitions of expected return, portfolio risk, and diversification</li> <li>Advanced topics like factor investing, asymmetric diversification, fat tails, long-term investing, and enhanced scenario analysis as well as tools to address challenges such as liquidity, rebalancing, constraints, and within-horizon risk.</li> </ul> <p>Perfect for client-facing practitioners as well as scholars who seek to understand practical techniques, <i>Asset Allocation: From Theory to Practice and Beyond </i>is a must-read resource from an author team of distinguished finance experts and a forward by Nobel prize winner Harry Markowitz.</p>