{"version":"1.0","provider_name":"Vito Ammirati","provider_url":"https:\/\/www.vitoammirati.com\/en\/","author_name":"admin","author_url":"https:\/\/www.vitoammirati.com\/en\/author\/admin\/","title":"The construction and management of financial portfolios - Vito Ammirati","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"AaojIiQoIS\"><a href=\"https:\/\/www.vitoammirati.com\/en\/the-contruction-and-management-of-financial-portfolios\/\">The construction and management of financial portfolios<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.vitoammirati.com\/en\/the-contruction-and-management-of-financial-portfolios\/embed\/#?secret=AaojIiQoIS\" width=\"600\" height=\"338\" title=\"&#8220;The construction and management of financial portfolios&#8221; &#8212; Vito Ammirati\" data-secret=\"AaojIiQoIS\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.vitoammirati.com\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>\n","description":"The yield of a financial portfolio can be influenced not only by the performance of individual securities or financial instruments that comprise it, even the style of management adopted by the manager or professional investor do-it-yourself: it is possible to distinguish between management active and passive management. The scientific evidence shows that in the short and medium term the activity of a specialized operator can, by varying the asset allocation and repeatedly picking and market timing stock, bring added value to the management, influencing the performance; on the contrary, it is evident that, in part because of frequent behavioral bias, the performance of a portfolio managed independently by the individual investor may suffer a little shrewd management and inconstant over time. The active management The construction and professional management of a portfolio of financial Active management is an investment strategy in which the manager takes a variety of investment decisions over time, aiming to obtain a performance superior to that of a benchmark index, called benchmark. The concept behind this strategy is as follows: the manager exposes the portfolio to a higher risk than the benchmark; whether the increased risk generates a higher return, the strategy is successful. But how [&hellip;]"}