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relative risk aversion, and with stochastic investment opportunities. An optimal portfolio decomposes as a constant mix of a …
Persistent link: https://www.econbiz.de/10013114549
In late June 2009, management at The Investment Fund for Foundations (TIFF) was considering expanding the footprint of … question the two basic premises of the endowment investment model-that investors get rewarded for bearing illiquidity, and that … virtually all market conditions. Despite this questioning, the investment professionals at TIFF were convinced that this model …
Persistent link: https://www.econbiz.de/10013107614
theory. I cannot recommend enough the insights provided in Modern Portfolio Theory and Investment Analysis, 8/e, by Edwin …
Persistent link: https://www.econbiz.de/10013147812
More choices... more flexibility... These terms are frequently used to describe the benefits of Alternative investments also termed as financial engineering products. But for many newcomers, the first words that may actually come to mind are ― more confusing. This topic is intended to shed...
Persistent link: https://www.econbiz.de/10013141880
Following the 2007-09 financial crisis, mainstream finance theory was criticized for failing to forecast the market crash, which resulted in large losses for investors. Has our finance theory, which many consider an idealization that does not take reality into account, failed investors? Do we...
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We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking...
Persistent link: https://www.econbiz.de/10012518234