Roll, Richard (1973) Evidence on the "Growth-Optimum" Model. Journal of Finance, 28 (3). pp. 551-566. ISSN 0022-1082. doi:10.1111/j.1540-6261.1973.tb01378.x. https://resolver.caltech.edu/CaltechAUTHORS:20190502-160721151
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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."
| Item Type: | Article | |||||||||
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| 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. | |||||||||
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| Issue or Number: | 3 | |||||||||
| DOI: | 10.1111/j.1540-6261.1973.tb01378.x | |||||||||
| Record Number: | CaltechAUTHORS:20190502-160721151 | |||||||||
| Persistent URL: | https://resolver.caltech.edu/CaltechAUTHORS:20190502-160721151 | |||||||||
| Official Citation: | Roll, R. (1973), EVIDENCE ON THE “GROWTH‐OPTIMUM” MODEL. The Journal of Finance, 28: 551-566. doi:10.1111/j.1540-6261.1973.tb01378.x | |||||||||
| Usage Policy: | No commercial reproduction, distribution, display or performance rights in this work are provided. | |||||||||
| ID Code: | 95193 | |||||||||
| Collection: | CaltechAUTHORS | |||||||||
| Deposited By: | Tony Diaz | |||||||||
| Deposited On: | 03 May 2019 14:45 | |||||||||
| Last Modified: | 16 Nov 2021 17:10 |
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