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The Resource Deep risk : how history informs portfolio design, William J. Bernstein

Deep risk : how history informs portfolio design, William J. Bernstein

Label
Deep risk : how history informs portfolio design
Title
Deep risk
Title remainder
how history informs portfolio design
Statement of responsibility
William J. Bernstein
Creator
Subject
Genre
Language
eng
Summary
This booklet takes portfolio design beyond the familiar "black box" mean-variance framework. Most importantly, the short-term volatility of financial assets, commonly measured as standard deviation, is a highly imperfect measure of the actual long-horizon perils faced by real-world investors subject to the vagaries of financial and military history. These risks have names--inflation, deflation, confiscation, and devastation--and any useful discussion of portfolio design of necessity incorporates their probabilities, consequences, and costs of mitigation. You're an investment adult, so you know that the future efficient frontier lies well beyond our ken; presumably you already know all about the mechanics, long-term benefits, as well as the uncertainties, of wide diversification and factor tilt using low-cost, efficient vehicles and the risk/reward spectrum between all-fixed- income and all-equity portfolios. This booklet contains no magic formula for the "perfect portfolio," but rather, with luck, a framework within which to think more clearly about risk. Note: the entire Investing for Adults series is not for beginners
Member of
Cataloging source
IYU
http://library.link/vocab/creatorName
Bernstein, William J
Dewey number
332.6
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Investing for adults
Series volume
book III
http://library.link/vocab/subjectName
  • Portfolio management
  • Risk
  • Risk management
  • Rate of return
  • Investments
  • Asset allocation
  • Asset allocation
  • Investments
  • Portfolio management
  • Rate of return
  • Risk
  • Risk management
Label
Deep risk : how history informs portfolio design, William J. Bernstein
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 53-55)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn858867643
Dimensions
23 cm.
Extent
55 pages
Isbn
9780988780316
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)858867643
Label
Deep risk : how history informs portfolio design, William J. Bernstein
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 53-55)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Control code
ocn858867643
Dimensions
23 cm.
Extent
55 pages
Isbn
9780988780316
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)858867643

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