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VAMI is just the growth of a $1000 investment from the start of your track
record. For example, if your first month is down 10% and your second month
is up 20% your VAMI index will be $900 the first month and $1080 the second
month. What more about it do you want to know?
There are a lot of different ways to pick the securities in a portfolio.
The primary motivation, though, is diversification. A detailed book that
covers mean variance portfolio theory, optimal portfolios, efficient
frontiers, and utility theory is _Modern Portfolio Theory and Investment
Analysis_ by Elton and Gruber, professors at NYU. I regularly refer to this
book.
Let me know what else you find on these two topics.
Best,
Aaron Schindler
----- Original Message -----
From: "HT" <hemantthakral@xxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Friday, April 26, 2002 4:23 PM
Subject: VAMI & Portfolio selection
> Hi
>
> Could fellow listers please point me to useful resources on Value Added
> Monthly Return/Index( VAMI )?
> Also I am looking for literature which deals in detail with the logic for
> market selection in a
> portfolio. Thanks.
>
> Regards
>
> HT
>
>
>
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