Academic Articles
Thursday 24 April 2008
Much of our investment philosophy is based on empirical research. We have detailed below a number of academic and industry articles. Some are highly technical while many are easier to read.
Financial Theory
Portfolio Selection by Harry Markowitz
Characteristics, Covariances, and Average Returns: 1929-1997 by Davis, Fama and French
The Cross-Section of Expected Stock Returns by Fama and French
The Costs and Benefits of Waiting to Invest by The Schwab Centre for Investment
Asset Allocation
Determinants of Portfolio Performance by Brinson, Beebower and Hood
The True Impact of Asset Allocation on Returns by Roger G. Ibbotson
Investment Policy Explains All by Surz, Stevens, and Wimer
Market Efficiency
The Parable of the Money Managers by William F. Sharpe
The Arithmetic of Active Management by William F. Sharpe
Stock Market Forecasting by Alfred Cowles
Random Walks in Stock Market Prices by Eugene F. Fama
The Loser's Game by Charles D. Ellis
Asset Management: Active versus Passive Management by Rex A. Sinquefield
Mutual Fund Performance and Manager Style by James L. Davis
Market Efficiency, Long-Term Returns, and Behavioural Finance by Eugene F. Fama
Online Investors:Do the Slow Die First? by Brad M. Barber
International Investing
Where are the Gains from International Diversification? by Rex A. Sinquefield
Performance of UK equity unit trusts by Garrett Quigley and Rex Sinquefield
Categories: Articles, Asset Class Management, Research
posted by Murray Round Wealth Management @ 15:36,
The Authors
Nicholas Round
Nic is the Managing Director of Murray Round Wealth Management Limited, who seeks to ensure the advice provided is truly independent. Based in Shropshire with clients local, national and worldwide, Nic has strived to find the best possible service for his clients needs, by researching and studying the market, trends and philosophies. Nic strongly believes Asset Class Management will bring his clients Financial Freedom, Independence and Happiness.
Kirsty
Kirsty is our communication guru. Managing information requires considerable due diligence and her passion for organisation gives the clarity we all seek. From Shropshire, with a Psychology Degree and much travelling, she is now back in Shrewsbury...and London often, keeping us all at Murray Round focused.
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