The Effect of Volatility on Investment Return

R Kosmicke, SD Opsal - Journal of Portfolio Management, 1988 - search.proquest.com
Variability in returns is undesirable only if it decreases the investor's terminal wealth or utility.
For those trying to maximize terminal wealth, or the geometric mean return, stocks with …

[CITATION][C] The Contradiction between Keynes and the EMH

R Kosmicke - The Journal of Portfolio Management, 1984 - pm-research.com
A fter years as a private investor and fund manager for King’s College, John Maynard
Keynes concluded that most stock market investors are more concerned with short-term price …

[CITATION][C] The limited relevance of volatility to risk

R Kosmicke - The Journal of Portfolio Management, 1986 - pm-research.com
m atility, the risk measure espoused by modern portfolio theory, is not a universally useful
measure of an as-set’, s risk. The case in which price volatility is a concep tually sound …

[CITATION][C] Tlllt ()

R Kosmicke, SD Opsal, HR Stoll, RE Whaley, SC Linn… - 1988 - search.proquest.com
The editors have a passionate and well-known abhorr-ence of passive sentences as well as
a long-standing dislike of extensive summaries of the literature. Lively and succinct …

Does the stock market overreact?: discussion

PL Bernstein - The Journal of Finance, 1985 - JSTOR
DISCUSSION PETER L. BERNSTEIN*: Werner de Bondt and Richard Thaler have developed
an elaborate set of statistical data to demonstrate what market practitioners have been …

Telling Fortunes: Challenging the Efficient Markets Hypothesis by Prediction

J Lindgren - S. Cal. Interdisc. LJ, 1992 - HeinOnline
Whether anyone can predict the future course of the stock market has been debated for over
three decades. The efficient markets hypothesis holds that the stock market is so efficient …

[PDF][PDF] American Finance Association

PL Bernstein - csinvesting.org
DISCUSSION PETER L. BERNSTEIN*: Werner de Bondt and Richard Thaler have developed
an elaborate set of statistical data to demonstrate what market practitioners have been …

[CITATION][C] " lårtfolio

RF Vandell, JL Stevens, DA Gordon, MJ Gordon… - 1989 - search.proquest.com
The editors have a passionate and well-known abhorrence of passive sentences as well as
a long-standing dislike of extensive summaries of the literature. Lively and succinct …

[PDF][PDF] Risk is not the same as volatility

M Keppler - Die Bank, 1990 - kamny.com
On December 10, Harry Markowitz and his disciple, William Sharpe, both Americans, will be
awarded the Nobel Prize in Economics. They are the founders of Modern Portfolio Theory, …

[PDF][PDF] A Note on Effective Teaching and Interpretation of Compound Return Measures of Investment Performance

JH Finch, HS Weeks - financialdecisionsonline.org
This teaching note illustrates and highlights two measurements of investment performance,
geometric mean and internal rate of return. Examples are used to show that the internal rate …