Download the fantastic book titled Deep Risk written by William J. Bernstein, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "Deep Risk", which was released on 01 August 2013. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Asset allocation genre.
Summary of Deep Risk by William J. Bernstein PDF
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 ... This booklet contains ... with luck, a framework within income and all-equity portfolios. This booklet contains ... with luck, a framework within which to think more clearly about risk. Note: the entire Investing for Adults series is not for beginners.
Detail About Deep Risk PDF
- Author : William J. Bernstein
- Publisher : Anonim
- Genre : Asset allocation
- Total Pages : 56 pages
- ISBN : 9780988780316
- Release Date : 01 August 2013
- PDF File Size : 40,9 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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