This book is about effective asset allocation. It's not enough to rely on some investment manager's "one-size-fits-all" software to allocate your precious capital: you need to understand the process, and take control. In Understanding Asset Allocation, world-class economist, investment expert, and hedge fund manager Victor Canto shows exactly how to understand the process of assett allocation. Canto introduces a flexible, intuitive, easy-to-use approach to asset allocation that leverages powerful business cycle information and investment vehicles most investors ignore. Canto reveals what you can (and can't) learn from historical data; how to find and focus on sectors that offer exceptional opportunity; and how to manage risk far more effectively. Whether you manage your own investments or rely on an advisor, Understanding Asset Allocation will help you optimize all your asset allocation  decisions -- and maximize the returns they deliver.

这本书是关于有效的资产配置。仅仅依靠一些投资经理的“一刀切”软件来配置你的宝贵资本是不够的：你需要了解过程，并掌握控制权。在了解资产配置时，世界级经济学家、投资专家和对冲基金经理维克托·坎托（Victor Canto）准确地展示了如何理解资产配置的过程。Canto引入了一种灵活、直观、易于使用的资产配置方法，它利用了大多数投资者忽视的强大的商业周期信息和投资工具。坎托揭示了你可以（和不能）从历史数据中学到什么；如何发现并关注提供特殊机会的行业；以及如何更有效地管理风险。无论你是管理自己的投资还是依赖顾问，了解资产配置将有助于优化所有资产配置决策，并使其带来的回报最大化。