TY - JOUR T1 - The Portfolio Management Problem of Individual Investors JF - The Journal of Wealth Management SP - 56 LP - 63 DO - 10.3905/jwm.2004.412356 VL - 7 IS - 1 AU - Nicolo G. Torre AU - Andrew Rudd Y1 - 2004/04/30 UR - https://pm-research.com/content/7/1/56.abstract N2 - The authors start by observing that, over the past 30 to 40 years, a generally accepted approach has evolved for the management of institutional investment funds, noting that, today, one sees an effort to adapt this approach to managing the funds of individual investors. They note that there are difficulties, as the investment problems of institutions and individuals differ in some fundamental ways. Until institutional methods are suitably modified to account for these differences, the experience of individual investors is likely to remain less than it could be. This article identifies some of these key differences and suggests appropriate adaptations of institutional methods to suit individual investors. ER -