{"title":"投资组合选择和临时投资者","authors":"D. Edelman","doi":"10.2139/ssrn.1927468","DOIUrl":null,"url":null,"abstract":"A simple characterisation of a naive investor, in terms of tolerance of Drawdown Risk, is presented which allows investors focusing on cumulative returns (rather than consumption) to easily and simply quantify their investment choices.","PeriodicalId":307682,"journal":{"name":"Midwest Finance Association 2012 Annual Meeting (Archive)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2011-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Portfolio Choice and the Casual Investor\",\"authors\":\"D. Edelman\",\"doi\":\"10.2139/ssrn.1927468\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"A simple characterisation of a naive investor, in terms of tolerance of Drawdown Risk, is presented which allows investors focusing on cumulative returns (rather than consumption) to easily and simply quantify their investment choices.\",\"PeriodicalId\":307682,\"journal\":{\"name\":\"Midwest Finance Association 2012 Annual Meeting (Archive)\",\"volume\":\"1 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2011-09-14\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Midwest Finance Association 2012 Annual Meeting (Archive)\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.2139/ssrn.1927468\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Midwest Finance Association 2012 Annual Meeting (Archive)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1927468","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
A simple characterisation of a naive investor, in terms of tolerance of Drawdown Risk, is presented which allows investors focusing on cumulative returns (rather than consumption) to easily and simply quantify their investment choices.
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