Discussion: "Portfolio Performance Evaluation"
• Take a position on the following statement: Conventional wisdom says one should measure a manager's investment performance over an entire market cycle. Support your response with arguments from the text.
• Determine whether the universe of similar investment managers overcomes the statistical problems associated with instability of beta or total variability. Support your position.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.