%0 Journal Article %A Mark Kritzman %A David Turkington %A Barbara J. Mack %T Practical Applications of Stability-Adjusted Portfolios %D 2016 %R 10.3905/pa.2016.4.2.174 %J Practical Applications %P 1-4 %V 4 %N 2 %X Stability-Adjusted Portfolios Mark Kritzman David Turkington By failing to sufficiently taking estimation errors into account, investors commonly misperceive risk, dooming otherwise thoughtful portfolio strategies to sub-par performance.In Stability-Adjusted Portfolios, authors Mark Kritzman, CEO of Windham Capital Management , and David Turkington, Senior Vice President and Head of Portfolio and Risk Research at State Street Global Exchange , introduce a new method for assessing risk that has the potential to significantly affect portfolio construction and risk profiles.Kritzman and Turkington identify three main estimation errors, and demonstrate a series of straightforward steps that to incorporate them into a more stable framework.“These portfolios have more stable risk profiles and offer investors another way to handle the continual flux of the markets,” says Mark Kritzman. %U https://pa.pm-research.com/content/iijpracapp/4/2/1.9.full.pdf