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from an investment perspective in that it provides managers with a stock picking and industry timing advantage. Fund … those of other industries. Moreover, the investment value of managers' prior work experience is greater for industries …
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In the context of modern portfolio theory, we compare the out-of-sample performance of 8 investment strategies which …, covering the last 4 decades. -- Asset allocation ; Certainty equivalent ; Investment strategy ; Markowitz ; Multiple tests …
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Beginning with comprehensive introduction and overview, Expected Returns goes on to analyze the historical record, give a roadmap of terminology, explore rational and behavioral theories, and look at alternative interpretations for return predictability. A series of case studies provide detailed...
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