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Asset Allocation 5E (PB)
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The Definitive Guide to Strategic Asset AllocationUniting theory and practice--the art and science of asset allocation
Investors long to beat the market, and money managers accept that as their mandate. The sad reality is that most money managers underperform the market, and individual investors do even worse. Investors also face emotional challenges. The irrational exuberance of the 1990s, for instance, can as easily derail a sensible investment strategy as the market panic accompanying the...