Dynamic Asset Allocation
Modern Portfolio Theory Updated For The Smart Investor
by James Picerno
Published by Bloomberg Press
Order Your Copy Today!
Visit Amazon.com or click the link below
|
"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, co-founder and chief investment officer
Aperio Group
(former CFO and director of quantitative research, Morningstar)
"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, CFP
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 provides an excellent framework for
investors to utilize 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