Titlebook: Risk-Based Investment Management in Practice; Frances Cowell Book 2013 Palgrave Macmillan, a division of Macmillan Publishers Limited 2013

闡釋

云狀

不透明

Risk Modellingink about it and try to explain it through analysis. And the more you think about it, or try to explain it mathematically, the more impossible it gets. Copernicus showed that an apparently more complex model was actually simpler when you thought about it.

機制

BOON

Water-Brash

Indexed Equities Portfoliosld to compile a portfolio of investments from any sector of the economy, including things like lottery tickets and horse-racing bets. Over the length of the semester they could trade their portfolio as often as they liked, but all trade details were to be communicated to the professor as they occurr

大笑

笨重

Fixed Interest Portfoliostains the right to the assets he or she owns. The lender has no call on the assets of the borrower, except for the amount of the loan and interest earned. This chapter is about portfolios comprising fixed interest instruments, including bonds, bills and notes, issued in the currency of the investor

想象

Credit Portfoliosof a corporate bond retains full title to its assets and their future growth in value so long as the terms of the bond, including timely payment of interest and capital, are honoured. The investor in a corporate bond earns no more than the interest on the bond, so shares none of the growth prospects

珊瑚

Property Portfolioseby the youngster pays an agreed sum each month to the older one for the rest of his or her life in return for the property when the older person dies. Of course it is by no means unheard of for the older person to outlive the youngster, which can of course be unfortunate for both.