Appendix . Endnotes

Chapter 1


A very nice and complete half-century financial economic development survey can be found in Fama and French (2004) and Perold (2004).


Sharpe (1992).


The CAPMs can be traced to Lintner (1965), Mossin (1966), Sharpe (1964), and Treynor (1962).


One CAPM application is to assess and measure fund managers’ performance. See Jensen (1968), Sharpe (1964), and Treynor (1965). This application largely coincides with the establishment of the Employee Retirement Income and Security Act (ERISA). The legal structures that fell upon trustees as a result of the new law, combined with financial economic developments, resulted in a wider use of benchmark managers. The benchmarks began as a legal firewall for trustees operating ...

Get Understanding Asset Allocation: An Intuitive Approach to Maximizing Your Portfolio now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.