Asset Allocation From Theory To Practice And Beyond Wiley Finance 1st Edition Mark P Kritzman by Mark P. Kritzman, William Kinlaw, David Turkington 9781119817710, 1119817714 instant download after payment.

Discover a masterful exploration of the fallacies and challenges of asset allocation

InAsset Allocation: From Theory to Practice and Beyond—the newly and substantially revisedSecond EditionofA Practitioner’s Guide to Asset Allocation—accomplished finance professionals William Kinlaw, Mark P. Kritzman, and David Turkington deliver a robust and insightful exploration of the core tenets of asset allocation.

Drawing on their experience working with hundreds of the world’s largest and most sophisticated investors, the authors review foundational concepts, debunk fallacies, and address cutting-edge themes like factor investing and scenario analysis. The new edition also includes references to related topics at the end of each chapter and a summary of key takeaways to help readers rapidly locate material of interest.

The book also incorporates discussions of:

• The characteristics that define an asset class, including stability, investability, and similarity
• The fundamentals of asset allocation, including definitions of expected return, portfolio risk, and diversification
• Advanced topics like factor investing, asymmetric diversification, fat tails, long-term investing, and enhanced scenario analysis as well as tools to address challenges such as liquidity, rebalancing, constraints, and within-horizon risk.

Perfect for client-facing practitioners as well as scholars who seek to understand practical techniques,Asset Allocation: From Theory to Practice and Beyondis a must-read resource from an author team of distinguished finance experts and a forward by Nobel prize winner Harry Markowitz.