Abstract
Return measurement is by definition backward looking. It is useful in portfolio selection in the same way that the rear view mirror is useful when driving a car: certainly necessary for decision support, but not as the main tool.
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© 2013 Frances Cowell
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Cowell, F. (2013). Performance Measurement and Attribution. In: Risk-Based Investment Management in Practice. Global Financial Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137346407_18
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DOI: https://doi.org/10.1057/9781137346407_18
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-46692-4
Online ISBN: 978-1-137-34640-7
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