Читать книгу Asset Allocation - William Kinlaw, Mark P. Kritzman - Страница 63
CHAPTER 3 The Importance of Asset Allocation FALLACY: ASSET ALLOCATION DETERMINES MORE THAN 90% OF PERFORMANCE
ОглавлениеNo doubt, asset allocation is important, even critical to investment success. Otherwise, why would we bother to write this book? Nevertheless, most investors, as well as academics, have a much inflated perception of the value of asset allocation compared to security selection.
