November 2017
Intermediate to advanced
190 pages
4h 4m
English
Content preview from The Standard for Portfolio Management — Fourth Edition
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APPENDIX X3
CONSIDERING THE PORTFOLIO AS A COMPLEX SYSTEM
X3.1 A HOLISTIC APPROACH TO PORTFOLIOS AND THEIR MANAGEMENT
Portfolio management practitioners work in a complex environment with overlapping and often conflicting interests. Under such conditions, practitioners are often challenged by too much nonfiltered information and not enough relevant communication. To comprehend such an environment and be in a position to anticipate behavior, it is necessary to study the portfolio system as a whole. This involves the application of a systems thinking approach in parallel to the prevailing linear thinking. This simply means, further to examining and understanding portfolio components individually, also analyze the whole portfolio and focus on the ...