This book presents a unifying theory of long-term investing for strategic-minded investors that combines modern portfolio theory with value investing. It shows how to build a winning portfolio using dynamic asset allocation, how modern portfolio theory has changed in recent years, and how those...

The strategic asset allocation is the most important decision an investor undertakes. An adequate foundation requires a multi-step, structured process. The investor needs a realistic view of capital market behaviour and has to examine his own goals, his risk tolerance and maybe further...