Market Timing Ability and Volatility Implied in Investment Newletters' Asset Allocation Recommendations
收藏NBER1994-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4890
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资源简介：
We analyze the advice contained in a sample of 237 investment letters over the 1980-1992 period. Each newsletter recommends a mix of equity and cash. We construct portfolios based on these recommendations and find that only a small number of the newsletters appear to have higher average returns than
提供机构：
美国国家经济研究局
创建时间：
1994-10-01
