Chap006风险厌恶和风险资产的配置.pptVIP

6-* Passive Strategies: The Capital Market Line被动策略：资本市场线 The passive strategy avoids any direct or indirect security analysis被动策略中投资者避免任何直接或者间接的证券分析 Supply and demand forces may make such a strategy a reasonable choice for many investors供给和需求的力量将使得这类策略对很多投资者来说是可行的 6-* A natural candidate for a passively held risky asset would be a well-diversified portfolio of common stocks such as the SP 500.被动投资策略中的一个合适的投资品是分散得很好的投资组合比如标普500 The capital market line (CML) is the capital allocation line formed from 1-month T-bills and a broad index of common stocks (e.g. the SP 500).资本配置线就是1月短期国库券和股票价值指数的搭配