Question: An active portfolio manager faces a trade - off between I ) using the Sharpe measure. II ) using mean - variance analysis. III )

An active portfolio manager faces a trade-off between
I) using the Sharpe measure.
II) using mean-variance analysis.
III) exploiting perceived security mispricings.
IV) holding too much of the risk-free asset.
V) letting a few stocks dominate the portfolio.

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