Published June 1973
| public
Journal Article
Evidence on the "Growth-Optimum" Model
- Creators
- Roll, Richard
Abstract
A portfolio owner may hope to maximize the long run growth rate of his real wealth. In 1959, Latane suggested maximum growth as an operational criterion for portfolio selection, contending that its (possible) suboptimality on theoretical grounds was practically unimportant and emphasizing Roy's [1952] warning that "A man who seeks advice about his actions will not be grateful for the suggestion that he maximize expected utility."
Additional Information
© 1973 the American Finance Association. First published: June 1973. This project was supported by the Ford Foundation which does not necessarily agree with the results and opinions.Additional details
- Eprint ID
- 95193
- DOI
- 10.1111/j.1540-6261.1973.tb01378.x
- Resolver ID
- CaltechAUTHORS:20190502-160721151
- Ford Foundation
- Created
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2019-05-03Created from EPrint's datestamp field
- Updated
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2021-11-16Created from EPrint's last_modified field