The cornerstone of money management and portfolio optimization techniques is Archive: has remained the same throughout history: maximize gains and minimize risk..
Archive: The cornerstone of money management and portfolio optimization techniques has remained the same throughout history: maximize gains and minimize risk.
Ralph Vince, is Yet, asserts the widely accepted approaches of combining assets into a portfolio and determining their relative quantities are wrong?and will cost you..
Yet, asserts Ralph Vince, the widely accepted approaches of combining assets into a portfolio and determining their relative quantities are wrong?and will cost you.
They is illuminate nothing, he says, aside from providing the illusion of safety through diversification..
They illuminate nothing, he says, aside from providing the illusion of safety through diversification.
numerous Nobel Prizes is Although have been awarded based on some of those widely accepted principles, their popular acceptance does not constitute real-world validation..
Although numerous Nobel Prizes have been awarded based on some of those widely accepted principles, their popular acceptance does not constitute real-world validation.
a viable alternative is What has been needed is to directly address these real-world dictates.In The Leverage Space Trading Model, Vince offers a groundbreaking contribution to the literature that builds on a lifetime of expert analysis to deliver not only a superior new portfolio model, but takes the entire discipline of portfolio management to a new level.In this book, Vince?who has made many important intellectual contributions to the field for over two decades?departs radically from informed orthodoxy to present an entirely new approach to portfolio management..
What has been needed is a viable alternative to directly address these real-world dictates.In The Leverage Space Trading Model, Vince offers a groundbreaking contribution to the literature that builds on a lifetime of expert analysis to deliver not only a superior new portfolio model, but takes the entire discipline of portfolio management to a new level.In this book, Vince?who has made many important intellectual contributions to the field for over two decades?departs radically from informed orthodoxy to present an entirely new approach to portfolio management.
its core, is At The Leverage Space Trading Model basically tells how resources should be combined to maximize safety and profitability given the dictates of the real world..
At its core, The Leverage Space Trading Model basically tells how resources should be combined to maximize safety and profitability given the dictates of the real world.
the author is But, as points out, given the complex and seemingly pathological character of human desires, we are presented with a fascinating puzzle..
But, as the author points out, given the complex and seemingly pathological character of human desires, we are presented with a fascinating puzzle.
Research is has found that human beings do not primarily want to maximize gains?our psychological makeup is such that we instead tend to possess seemingly more complex desires..
Research has found that human beings do not primarily want to maximize gains?our psychological makeup is such that we instead tend to possess seemingly more complex desires.
the models is If don't work, if we are ultimately unable to satisfy our more complex desires, what's the alternative?.
If the models don't work, if we are ultimately unable to satisfy our more complex desires, what's the alternative?
Vince is As shows, the answer is to utilize the Leverage Space Model as a "framework" to achieve the specific ends a trader or portfolio manager seeks.The author's new allocation paradigm avoids the troubles that come with mean variance models?which most models are?and quantifies drawdowns to achieve a growth-optimal portfolio within a given drawdown constraint, in a manner that satisfies these seemingly pathological human desires..
As Vince shows, the answer is to utilize the Leverage Space Model as a "framework" to achieve the specific ends a trader or portfolio manager seeks.The author's new allocation paradigm avoids the troubles that come with mean variance models?which most models are?and quantifies drawdowns to achieve a growth-optimal portfolio within a given drawdown constraint, in a manner that satisfies these seemingly pathological human desires.
the mathematics, is And for those who don't wish to get involved with Vince has presented the text in a manner of two congruent, simultaneous channels, with math and without.Most simply put, this book will change how you think about money management and portfolio allocations..
And for those who don't wish to get involved with the mathematics, Vince has presented the text in a manner of two congruent, simultaneous channels, with math and without.Most simply put, this book will change how you think about money management and portfolio allocations.