Dynamic Asset Allocation: Modern Portfolio Theory Updated for the Smart InvestorISBN: 978-1-57660-359-8
Hardcover
290 pages
February 2010
This is a Print-on-Demand title. It will be printed specifically to fill your order. Please allow an additional 10-15 days delivery time. The book is not returnable.
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"Picerno's look at modern portfolio theory's evolution offers
a timely reminder that the design and management of asset
allocation is still the critical element for successful
investing."
— Harold Evensky, CFP
President, Evensky & Katz Wealth Management
"What Peter Bernstein did for the history of portfolio theory
in Capital Ideas, Picerno does for its real-world
application. He captures the nuanced soup of theory, markets, and
investor behavior better than any other writer on investing."
— Patrick Geddes
Cofounder and Chief Investment Officer, Aperio Group
Former CFO and Director of Quantitative Research, Morningstar
Inc.
"Picerno puts the tires to the pavement on Peter Bernstein's
2003 proclamation that the policy portfolio is dead. Picerno
masterfully articulates the implications that follow from the
notion that although the market portfolio may be efficient, markets
may not be."
— Rodney N. Sullivan, CFA
Editor, Financial Analysts Journal at CFA
Institute
"Dynamic Asset Allocation is cogently written in a very
readable style. James Picerno presents readers with a wonderful
history of the developments in asset allocation and then profides
an excellent frameword for investors to utitilize the discipline of
asset allocation in their own portfolio-composition process. Any
serious investor will want to have this book in their
library."
— Gary P. Brinson
President, GP Brinson Investments