Praise for Beyond Diversification

Sébastien Page presents an eclectic blend of theory, anecdotes, and common sense to describe the best practices of investment management. His mastery of the topic, along with his considerable wit, make for a very entertaining way to learn serious finance. Read this book, and without doubt, you will become a wiser investor.

—Mark Kritzman
President and CEO, Windham Capital Management;
Senior Lecturer in Finance, MIT Sloan School of Management;
and author of A Practitioner’s Guide to Asset Allocation

Sébastien Page presents a rigorous but easy to digest guide to the basics of asset allocation. Whether you invest for fun or profit, his framework for forecasting risk and return to build portfolios will resonate. Clearly written and understandable concepts make Beyond Diversification a one-stop choice for any student of investing.

—Bill Stromberg
President and CEO, T. Rowe Price

In this tour de force, seasoned investor and researcher Sébastien Page provides sophisticated answers to many questions arising in the practice of asset allocation, risk management, forecasting, and portfolio construction. Page has a tremendous sense of what is important in investment management, and this book reflects that wisdom.

—Laurence B. Siegel
Gary P. Brinson Director of Research, CFA Institute Research Foundation;
and author of Fewer, Richer, Greener

Oftentimes, the powerful ideas of modern finance are obscured by esoteric mathematics and jargon. Not so in this lively and highly readable book by a master of the practice. Sébastien Page brings the ideas of asset allocation to life, especially the debates that continue to animate our profession.

—Robin Greenwood
George Gund Professor of Finance and Banking,
Harvard Business School

This is a wonderful book. It represents an authoritative survey of a broad range of recent research on related topics of asset allocation, risk measurement, and return forecasting, with an emphasis on its practical application in asset management. It is thoughtful, well written, and surprisingly entertaining. The author is a thought leader in this area, and his book is a very important contribution.

—Stephen Brown
Professor Emeritus of Finance, Department of Banking
and Finance, NYU Stern School of Business;
Executive Editor Financial Analysts Journal

Sébastien Page has masterfully woven threads from academia and practice, combining insights from rigorous research and high-bandwidth anecdotes, to provide an amazingly entertaining and informative tapestry of state of the art asset-allocation techniques. This book is a must-have for anyone who has ever been curious on how the very best construct investment portfolios.

—Vineer Bhansali
CIO LongTail Alpha, LLC;
Ex-Partner, Head of Quantitative Portfolios, PIMCO;
and author of Tail Risk Hedging