Discussion: "Portfolio Performance Evaluation"
Respond to the following:
Take a position on the following statement: Conventional wisdom says one should measure a manager's investment performance over an entire market cycle. Support your response with arguments from the text.
Determine whether or not the universe of similar investment managers overcomes the statistical problems associated with instability of beta or total variability. Support your position.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.