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Asset Allocation, 4th Ed
Description
Gibson addresses the practical side of investing, advocating an approach based on a disciplined execution of the fundamentals--the most important things that investment professionals and lay investors need to focus on to achieve their financial goals. With more than two decades of experience managing clients' portfolios and expectations, he underscores the importance of identifying and working through the emotional and psychological traps that can impede investment success. In this new edition, Gibson offers his proven guidance on multiple-asset-class investing with updated exhibits and research. New topics include:
* A review of the 2000-2002 stock bear market in the context of bull and bear markets over the last 100 years
* An expanded discussion of the dangers of market timing
* Non-traditional asset classes such as real estate securities, commodity-linked securities, and TIPS in a diversified portfolio
* The challenges of “frame-of-reference” risk--the most significant danger confronting the multiple-asset-class investor
* The role of Monte Carlo simulation in retirement planning
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