finance

Robert Merton and the Effect of Time on Portfolio Choice

Finance theorists are, as everybody knows, unworldly people who scarcely tie their shoelaces, still less change a car tire. Robert Merton confounds this stereotype. As he talks amiably at the London office of Dimensional Fund Advisors (he is the firm’s “resident scientist), you sense that here is a man who could fix a flat in no time. He would probably deliver a cheerful lecture on the importance of the correct tire pressure while he was tightening the wheel nuts.

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Robert Merton and the Effect of Time on Portfolio Choice

Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is licensed as an investment adviser with the State of Colorado Division of Securities, and its investment advisory representatives are licensed by the State of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. It does not constitute investment or tax advice. To contact Robert, call 303-440-2906 or e-mail info@diversifiedassetmanagement.com.

 

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