Risk Parity Fundamentals by Edward E. Qian
By: Edward E. Qian
Publisher: Chapman and Hall/CRC
Print ISBN: 9781498738798, 1498738796
eText ISBN: 9781498738804, 149873880X
Copyright year: 2016
In science, it is said that the process wherein a new and innovative idea gains acceptance
has four stages*: (1) this is rubbish; (2) it is interesting but wrong; (3) it might only
be relevant in certain rare cases; and (4) I told you so! This last phrase is not just a humorous
punch line—it reflects the fact that an unconventional idea is not firmly established
until its fieriest critics become converts and try to claim credits for it.
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