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汤小律 · 2019年09月30日

问一道题:NO.PZ2018091702000029 [ CFA III ]这种问答题要怎么答呢,原版书答案的思路好像好乱。

另外讲义上没有这些句子,要怎么答,需要自己看原版书吗?

1 个答案

企鹅_品职助教 · 2019年10月03日

这道题是原版书课后题 Reading 8 第1题。同学先去听一下李老师的讲解,有不懂的来追问。

这道题不太像真题的出题方式,所以用来辅助理解知识点即可。2月份我们会上线经典题课,老师会通过近几年的真题,给大家讲解主观题的套路,还会在真题答案中带大家画重点。所以同学现在不用担心,在现阶段以理解知识点为主。

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NO.PZ2018091702000029 LuGerber recently became the chief investment officer for the Luigs Family Charity, a misize private fountion in Switzerlan Prior to assuming this role, Gerber wa well-known health care instry analyst. The Luigs’ family fortune is primarily the result of entrepreneurship. GerharLuigs founAInnovations (ABC), a biotecompany cateto small cell lung cancer research. The fountion’s portfolio is fifteen percent investein ABGerber initially feels thfifteen percent investment in Ais high. However, upon review, he cis it is appropriate baseon Luigs’ involvement antheir past success with similventures. Gerber makes a mentnote to himself to closely monitor the investment in Abecause he is not familiwith small-cstartup companies. The remaining 85 percent of the fountion’s portfolio is investein equity of high quality large-cpharmaceuticcompanies. Gerber ems this allocation appropriate anis excitethhe is able to continue to use his superior knowlee of the health care instry. scuss how Gerber splayeavailability biwith one example. termine the implications of availability bifor financicision making anscrione wGerber coulovercome the bias. Availability bias, a cognitive error, is information-processing bias. Invials exhibiting this biwill assess the likelihooof outcome baseon how easily they crecall the information. Gerber exhibits this biin two ways: • Although Gerber felt the fountion’s investment in Awhigh, he cithLuigs’ involvement antheir past success justifiethe investment in ABThe information on the past success of Luigs’ investments came easily to min • Gerber believe100 percent of the fountion’s portfolio in the health care instry wappropriate, most likely because of his experienanalyst in the instry. It is easier for Gerber to recall information from his past thto velop a versifieinvestment portfolio. Investors who exhibit availability bimlimit their investment opportunity set, mchoose investment without ing a thorough analysis of the stock, mfail to versify, anmnot achieve appropriate asset allocation. Gerber exhibits all of these tenncies when he is evaluating the fountion’s portfolio. The implications of this bilethe portfolio to unversifie ana result, the portfolio hol assets thmnot appropriate. Gerber is only investing in pharmaceuticcompanies. The following is a summary of issues with the fountion’s portfolio: • No thorough analysis regarng investment in AB• A limiteinvestment opportunity set; investeonly in the health care sector. • unversifieportfolio. • inappropriate asset allocation; investeonly in equity. Gerber coulovercome this biveloping appropriate investment polistrategy, with a focus on appropriate goals (short- anlong-term), anhaving a sciplineapproato investment cision making. investment polistatement woulhelp provi scipline anwoulalert Gerber anhis tethhe really honly consireinvestments thhe is familiwith. Further, Gerber anhis investment teshoulconsir the asset allocation within the portfolio.  availability biin whipeople tento recall things thcomes to mineasily. Gerber initially feels th15% investment in Ais high, but he recalls the past success with similventures, so he cis to keep it going. This will make investors put too mumoney into the memorable stowhihhigher risk. Ask more questions anthink about other investments.

2021-02-20 23:37 1 · 回答

LuGerber recently became the chief investment officer for the Luigs Family Charity, a misize private fountion in Switzerlan Prior to assuming this role, Gerber wa well-known health care instry analyst. The Luigs’ family fortune is primarily the result of entrepreneurship. GerharLuigs founAInnovations (ABC), a biotecompany cateto small cell lung cancer research. The fountion’s portfolio is fifteen percent investein ABGerber initially feels thfifteen percent investment in Ais high. However, upon review, he cis it is appropriate baseon Luigs’ involvement antheir past success with similventures. Gerber makes a mentnote to himself to closely monitor the investment in Abecause he is not familiwith small-cstartup companies. The remaining 85 percent of the fountion’s portfolio is investein equity of high quality large-cpharmaceuticcompanies. Gerber ems this allocation appropriate anis excitethhe is able to continue to use his superior knowlee of the health care instry. scuss how Gerber splayeavailability biwith one example. termine the implications of availability bifor financicision making anscrione wGerber coulovercome the bias. Availability bias, a cognitive error, is information-processing bias. Invials exhibiting this biwill assess the likelihooof outcome baseon how easily they crecall the information. Gerber exhibits this biin two ways: • Although Gerber felt the fountion’s investment in Awhigh, he cithLuigs’ involvement antheir past success justifiethe investment in ABThe information on the past success of Luigs’ investments came easily to min • Gerber believe100 percent of the fountion’s portfolio in the health care instry wappropriate, most likely because of his experienanalyst in the instry. It is easier for Gerber to recall information from his past thto velop a versifieinvestment portfolio. Investors who exhibit availability bimlimit their investment opportunity set, mchoose investment without ing a thorough analysis of the stock, mfail to versify, anmnot achieve appropriate asset allocation. Gerber exhibits all of these tenncies when he is evaluating the fountion’s portfolio. The implications of this bilethe portfolio to unversifie ana result, the portfolio hol assets thmnot appropriate. Gerber is only investing in pharmaceuticcompanies. The following is a summary of issues with the fountion’s portfolio: • No thorough analysis regarng investment in AB• A limiteinvestment opportunity set; investeonly in the health care sector. • unversifieportfolio. • inappropriate asset allocation; investeonly in equity. Gerber coulovercome this biveloping appropriate investment polistrategy, with a focus on appropriate goals (short- anlong-term), anhaving a sciplineapproato investment cision making. investment polistatement woulhelp provi scipline anwoulalert Gerber anhis tethhe really honly consireinvestments thhe is familiwith. Further, Gerber anhis investment teshoulconsir the asset allocation within the portfolio. 我给的答案The client only consirs the pharmaceuticcompanies they are familito the client.

2019-11-30 23:19 1 · 回答