What are the three major strategies for managing a, Operation Management

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What are the three major strategies for managing a

(a) What are the three major strategies for managing a portfolio over time?

(b) Assume the following market environments: (i) highly volatile; (ii) stable but trendless, (iii) bull market with volatility, and (v) bull market with low volatility. Describe how each of the 3 portfolio managing strategies would fare, which would do best, and which would do worst in each of these environments.

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