Because if you choose Alpha, the best case scenario is you get 0, So that's okay good, that's a good counter argument.
因为要是你选α,你最多只能得0,很好,这是个不错的反驳理由
But one of the biggest questions we get when we have applicants call in is, ?" "what can I do with a MAPP degree?"
申请者打来电话时,询问得最多的问题是,“这个学位有什么用“
He's come to the conclusion that over 90% of the variability of returns in institutional portfolios is attributable to asset allocation and that's the number that I think most people hear cited when they are looking at Roger Ibbotson's work.
他得出结论,机构投资中,超过90%的回报率变动,要归因于资产配置,我想这是罗格·伊博森的文章里面,被人引用得最多的结论
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