The Rationality of Asset Allocation Recommendations
回顾现代投资组合理论对资产配置决策的含义，并检验一些金融专家的建议是否与理论一致。
The popular finance literature describes the asset allocation decision as one of the most important factors in determining investment performance. This article reviews the implications of modern portfolio theory for the asset allocation decision and then examinesthe recommendations of some leading financial experts to see if they are consistent with theory.