Digital Portfolio Construction Enhanced Edition

Learn the details of traditional investment as well as portfolio theory with the straightforward, manageable approach found in Strong's successful PORTFOLIO CONSTRUCTION, MANAGEMENT, AND PROTECTION, 5E. You'll learn how to save time and money as this applications-oriented book guides you from theory to practice. You'll see the small and large investor in action as unique topics introduce you to fiduciary duty, investment policy, and other subjects not found in other texts. References throughout the book to material covered in the CFA exam and questions drawn from the CFA exam help you prepare for testing and professional success.

Many books focus on the theory of investment management and leave the details of the implementation of the theory up to you. This book illustrates how theory is applied in practice while stressing the importance of the portfolio construction process.

Taking due account of extreme events when constructing portfolios of assets or liabilities is a key discipline for market professionals. Extreme events are a fact of life in how markets operate.

This book covers topics in portfolio management and multicriteria decision analysis (MCDA), presenting a transparent and unified methodology for the portfolio construction process. The most important feature of the book includes the proposed methodological framework that integrates two individual subsystems, the portfolio selection subsystem and the portfolio optimization subsystem.