ThreeBearsBalanced11Feb2018_UseEvenSmaller-Edited
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Act_May_1991
[long_equity_returns] [original_papers] [the_actuary] [Act_May_1991]

The main points covered in this article comprise:

1. most performance monitoring based upon market values
2. six objections to using market value for this purpose
3. market value not for prudent long-term investors
4. deeper electrical analogy (measuring wrong thing)
5. DVR more robust (less subjective) than might be thought