Learning For Building a Winning Portfolio 2 ppt
Learning For Building a Winning Portfolio_2 ppt
... high-octane
Manhattan Fund.
Unfortunately for Tsai, just at that point, he was struck with a fatal
case of chimpanzee syndrome. The years 1966–1967 were mediocre
for Manhattan and in 1968, the patient ... at a fairly young age, ran Oakmark Fund. Mr.
Sanborn was an undisputed superstar manager. From its inception in
1991 to year-end 1998, Oakmark’s annualized return was 24 .91% ver-
s...
Learning For Building a Winning Portfolio_5 pptx
... the railroads made overland travel cheap, safe, rapid,
and relatively comfortable. Even more importantly, the steam engine
was undoubtedly the most dramatic, romantic, and artistically appeal-
ing ... financial chaos of Paris arrived a most extraordinary
Scotsman: John Law. After escaping the hangman for killing a man in
a 1694 duel, he studied the banking system in Amsterdam and even...
Learning For Building a Winning Portfolio_10 ppt
... 20 % 22 .5% 25 %
Vanguard Short-Term — 2. 5% 5% 7.5% 10% 12. 5% 15% 17.5% 20 % 22 .5% 25 %
Corporate Bond
Vanguard Limited-Term — 2. 5% 5% 7.5% 10% 12. 5% 15% 17.5% 20 % 22 .5% 25 %
Tax-Exempt
Vanguard California ... be factored into your asset allocation.
Defining Your Mix 27 9
• 5% Vanguard Small-Cap Value Index (IRA)
• 12. 5% Vanguard Tax-Managed International
• 5% Vanguard REI...
Learning For Building a Winning Portfolio_1 doc
... 14 .23 $24 .86
20 21 $371.46 4.66 $79.70 16.37 $22 .70
20 22 $390.03 5.03 $77.48 18. 82 $20 . 72
2 023 $409.54 5.44 $75.33 21 .64 $18. 92
2 024 $430.01 5.87 $73 .24 24 .89 $17 .28
20 25 $451.51 6.34 $71 .20 28 .63 ... $67. 62
2010$
21 7.19 2. 00 $108.65 3. 52 $61.74
20 11 $22 8.05 2. 16 $105.63 4.05 $56.37
20 12 $23 9.45 2. 33 $1 02. 69 4.65 $51.47
20 13 $25 1. 42 2. 52...
Learning For Building a Winning Portfolio_3 docx
... 28
Vanguard 500 Index Fund (Large-Cap Blend) 20
Vanguard Large-Cap Value Fund 34
Barra Mid-Cap Growth Index Fund 8
S&P 400 Mid-Cap Index (Mid-Cap Blend) 23
Barra Mid-Cap Value Index
24
Vanguard ... years has penal-
ized its taxable shareholders by distributing about 10% of its value
each year as capital gains. Fortunately, there are now “tax-efficient”
index funds designed for t...
Learning For Building a Winning Portfolio_9 pot
... of a finan-
cial advisor just to gain access to DFA? Probably not. Their tax-man-
aged, foreign-small and foreign-value funds carry expenses which are
0 .2% to 0.6% higher than Vanguard’s, and ... Ultra-Small-Company Tax-
Advantaged Fund—and the other small-company funds. The
Bridgeway fund, which is aimed at taxable accounts, invests in much
smaller companies than the other small company ....
Learning For Building a Winning Portfolio_11 doc
... 9–13
pricing and risk, 13
variable annuity, 20 4 -20 5
Arithmetic display, 21 22 ,
Armstrong, Frank, 1 72
ASAF Bernstein, 21 6
“Asian Contagion,” 69
Asness, Cliff, 136
Asset allocation, 24 3 27 9
about, 24 3 24 4
bonds, ... (lack
of), 1 92
Financial Analysts Journal, 24 4
Financial calculator, 23 0, 23 7
Financial goals, 22 9, 23 9 24 0
First Quadrant, 88
Fisher, Irving, 43–48, 5...
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_2 ppt
... formeris finan-
cially healthyand universallyadmired, withlegendary management,
a steadily growing stream of earnings,
and a hugepileof cash on
hand for emergencies. The latterisasick puppy, having ... nomenclature. In
common parlance, theshares ofgood companies arecalled “growth
stocks,” and those ofbad companies
arecalled“value stocks.” Let’s
considerfor a moment, Wal-Martand Kmart....
The Four Pillars of Investing: Lessons for Building a Winning Portfolio_8 ppt
... gravitational equation from a falling
apple and Darwin’s extrapolating the theory of evolution from observ-
ing gardeners and farmers select for favorable plant characteristics are
two spectacular ... should have a firm asset allocation pol-
icy in place. What separates the professional from the amateur are two
things: First, the knowledge that brutal bear markets are a fact of life
a...
Lessons for Building a Winning Portfolio_2 ppt
... $22 .70
20 22 $390.03 5.03 $77.48 18. 82 $20 . 72
2 023 $409.54 5.44 $75.33 21 .64 $18. 92
2 024 $430.01 5.87 $73 .24 24 .89 $17 .28
20 25 $451.51 6.34 $71 .20 28 .63 $15.77
20 26 $474.09 6.85 $69 .23 32. 92 $14.40
20 27 ... $35.77
20 17 $305.60 3.43 $89 .20 9.36 $ 32. 66
20 18 $ 320 .88 3.70 $86. 72 10.76 $29 . 82
2019 $336.93 4.00 $84. 32 12. 38 $27 .23
20 20 $353.77 4. 32...
Từ khóa: