La gestion indicielle et la théorie des moyennes

Christian Walter ()

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Abstract: Indexed management and averages theory One hypothesis assumes that indexed passive management is a resurgence of Quetelet's (1835-1869) averages theory in the modern finance. First the author shows that the portfolios choice theory and the canonical breaking up of financial risk are due to an interference of errors theory (1809) in Markowitz and Sharpe studies. Then the author explains that the massive trend of indexed asset management intellectually squares with the change of errors theory in averages theory. At last, he suggests stopping massive indexed portfolio management.

Date: 2005
Note: View the original document on HAL open archive server: https://hal.science/hal-04529992
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Published in Revue d'économie financière, 2005, 79 (2), pp.113-136. ⟨10.3406/ecofi.2005.3974⟩

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Journal Article: La gestion indicielle et la théorie des moyennes (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04529992

DOI: 10.3406/ecofi.2005.3974

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