Asset Allocation, 4Th Ed,New

The Definitive Guidebook For Successful Longterm Investingthe Third Edition Of Roger C. Gibsons Asset Allocation: Balancing Financial Risk Was Released In 2000 On The Heels Of The Biggest Bull Market In A Century And Amidst Talk Of A New Economy. The Bear Market That Followed Was The Worst Since 19731974 And Resulted In The Destruction Of Roughly Half Of The Stock Markets Value. Through It All, Roger Gibsons Advice To Investors Remained The Same.Gibson Once Again Offers Techniques To Design Allweather Portfolios That Improve Longterm Performance, While Mitigating Overall Risks Through Widely Varying Market Environments.Grounded In The Principles Of Modern Portfolio Theory, This Fourth Edition Of His Investing Classic Explains How And Why Asset Allocation Works. Gibson Demonstrates How Adding New Asset Classes To A Portfolio Improves Its Riskadjusted Returns And How Strategic Asset Allocation Uses, Rather Than Fights, The Forces Of Capital Markets To Achieve Investment Success.Gibson Also Addresses The Practical Side Of Investing, Advocating An Approach Based On A Disciplined Execution Of The Fundamentalsthe 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 Multipleassetclass Investing With Updated Exhibits And Research. New Topics Include: A Review Of The 20002002 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 Nontraditional Asset Classes Such As Real Estate Securities, Commoditylinked Securities, And Tips In A Diversified Portfolio The Challenges Of