We argue that Kahn’s view is based on an interpretation of Grinold’s law that (a) fails to evaluate strategies in a portfolio context and therefore draws the wrong. Notes: Active Portfolio Management. By Zhipeng Yan. Active Portfolio Management. By Richard C. Grinold and Ronald N. Kahn. Part I Foundations. Chapter 1. Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in academia, at BARRA and above all at the quant behemoth.
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This book communicates the background of investment extremely well. They write a book which generalizes well to all fields involving information under uncertainty.
Quantitative Equity Portfolio Management: IPR Journals is the leading provider of applicable theoretical research for all those in the investment management community. Karen Ma rated it it was amazing Jul 13, Ana Mizo rated it it was amazing Apr 22, However, this book is a lot more than that. Both authors jahn published kanh, and are widely known in the industry for their pioneering work on risk models, portfolio optimization, and trading analysis; equity, fixed income, and international investing; and quantitative approaches to active management.
Structurers don’t need this book. There’s three basic categories of quants.
GrinoldRonald N. Lists with This Book. Structurers, risk managers and traders.
Amazon Second Chance Pass it on, trade it in, give it a second life. Not Enabled Word Wise: Explore the Home Gift Guide. Learn more about Amazon Giveaway. No trivia or quizzes yet. What other items do customers buy after viewing this item? I heartily recommend this book to any practitioner who wants to refine his or her knowledge of state-of-the-art quantitative money management or who would grjnold a straightforward reference to quickly answer those thorny theoretical questions that hit us now and again.
Breadth, Skill, and Time
There is a substantial expansion in both geinold and breadth on the original. It is more like an encyclopedia, and not an easy reading for business people: Bernhard rated it it was amazing Jun 06, One person found this helpful. Amazon Renewed Refurbished products with a warranty. The book is absolutely superior over the academic textbooks that usually limit themselves to CAPM and efficient market theory.
Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn.
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Skill—the correlation of forecasts and returns—increases with the return horizon for small horizons, but then asymptotically decays to zero for very long horizons. I am an enthusiastic supporter of kayn methodology used in the book, and I highly recommend it to both the professional and academic communities.
Joseph L D’Anna rated it liked it Jul 28, East Dane Designer Men’s Fashion. I bought it for a wnd. Customers who viewed this item also viewed.
Breadth, Skill, and Time | The Journal of Portfolio Management
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See and discover other items: If you’re interested in how indexes benchmarks are constructed for specific purposes, this is the book. Customers who bought this item also bought.
This book is not yet featured on Listopia. That means, if you increase the text size, the equations still remain tiny. Hardcoverpages.
Even though the book is full of financial theory the approach is practical. They should go buy Hull and be happy.