Question: What is risk aversion and how it does it impact a given investor's chosen portfolio? Given an investor's risk appetite, what are some of the

What is risk aversion and how it does it impact a given investor's chosen portfolio?

Given an investor's risk appetite, what are some of the advantages and disadvantages of pure indexing (using only index models) vs. utilizing an actively managed portfolio?

How does indexing compare to using the Markowitz procedure to achieving a diversified portfolio?

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