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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (78972)	4/4/2000 2:51:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

Bukun - No, I mean to say I shall correct you when apropos. For example, it is not Markowitz but Sharpe with whom CAPM most strongly is linked. Here's a nice summary: nobel.se Regarding index choice, there is the mystery of how non-equity assets vanish under CAPM. Further, US equities are prima facie inappropriate to a global madate. If you must have equities alone, try the FTA or MSCI World. Regarding active management, I can recommend "The Active versus Passive Debate: Perspectives of an Active Quant", Robert C. Jones, Ch. 3, _Active Equity Portfolio Management_, Frank J. Fabozzi ed. (Fabozzi Associates 1998). I bug you about switching to NASDAQ because you paint yourself a reformed, active investor turned pure, academic indexer. Overweighting NDX seems a contradiction. Before you again cast aspersions ("ostrich-like"), recall which of the two of us is better informed in this field. -mb