(Re)engineering Your Own Beliefs

Kees Koedijk and Alfred Slager
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Kees Koedijk: Tilburg University
Alfred Slager: Tilburg University

Chapter 16 in Investment Beliefs, 2011, pp 151-163 from Palgrave Macmillan

Abstract: Having the right investment beliefs is crucial; so is putting them into practice. This chapter provides guidelines for trustees and investment managers for delivering the right results. The essential point throughout the book is that finance is a relatively young discipline in which data are limited, biased, or both; and in which the ratio of noise to signal is very high. It is very difficult to know anything with a degree of certainty when it comes to investment theory. Therefore we must believe certain things, be able to differentiate between what we actually know and believe, and shape strategies according to these beliefs (Denison 2008).

Keywords: Pension Fund; Pension Plan; Asset Manager; Investment Policy; Asset Class (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30757-5_16

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DOI: 10.1057/9780230307575_16

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