Discover a masterful exploration of the fallacies and challenges of asset allocation In Asset Allocation: From Theory to Practice and Beyondthe newly and substantially revised Second Edition of A Practitioners Guide to Asset Allocationaccomplished 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 worlds largest and most sophisticated investors, the authors review foundational concepts, debunk fallacies, and address cuttingedge 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, longterm investing, and enhanced scenario analysis as well as tools to address challenges such as liquidity, rebalancing, constraints, and withinhorizon risk.
Perfect for clientfacing practitioners as well as scholars who seek to understand practical techniques, Asset Allocation: From Theory to Practice and Beyond is a mustread resource from an author team of distinguished finance experts and a forward by Nobel prize winner Harry Markowitz.
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