A Comparison of the Risk-Adjusted Portfolio Performance: The Dartboard Versus Professionals and Major Indices

Adrangi, Bahram; Chatrath, Arjun; Shank, Todd M.
January 2002
American Business Review;Jan2002, Vol. 20 Issue 1, p82
Academic Journal
Compares the performance of the random selection investment approach of the Dartboard portfolio with the actively-managed portfolio in the United States. Popularity of index funds among investors; Attempt to outperform the market; Implication of change in investment strategies for efficient market hypothesis.


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