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survey and interpret the large body of recent work that adapts traditional portfolio theory to answer, what should an …
Persistent link: https://www.econbiz.de/10012471617
If stocks go up, investors may want to rebalance their portfolios. But investors cannot all rebalance. Expected returns may need to change so that the average investor is still happy to hold the market portfolio despite its changed composition. In this way, simple market clearing can give rise...
Persistent link: https://www.econbiz.de/10012468578
Mean-variance portfolio theory can apply to the streams of payoffs such as dividends following an initial investment …
Persistent link: https://www.econbiz.de/10012459893