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Equity Portfolio Diversification

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NBER2001-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8686
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In this paper we examine the portfolios of more than 40,000 equity investment accounts from a large discount brokerage during a six year period (1991-96) in recent U.S. capital market history. Using the historical performance for the equities in these accounts, we find that a vast majority of
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2001-12-01
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