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- Maslowian Portfolio Theory: A Coherent Approach to Strategic Asset Allocation
Maslowian Portfolio Theory: A Coherent Approach to Strategic Asset Allocation
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Written from the perspective of a financial investor, this account supports Behavioral Portfolio Theory, draws attention to the importance of asset-liability matching, and offers a natural framework for investor-adviser dialogue and mathematical portfolio optimisation. In this system, investment goals - and not investor psychology - drive investment advice, 'risk' depends on the investment objective and may be different in each sub-portfolio.
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