Evstigneev, Igor’ V.; Schenk-Hoppé, Klaus R. - National Centre of Competence in ResearchFinancial … - 2009
This chapter surveys theoretical research on the long-term performanceof xed-mix investment strategies. These self-nancing strategies rebalancethe portfolio over time so as to keep constant the proportionsof wealth invested in various assets. The main result is that wealthcan be grown from...