Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: date() [function.date]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Warning: mktime() [function.mktime]: It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected 'America/New_York' for 'EST/-5.0/no DST' instead in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/simpleApiCommon.class.php on line 120

Notice: Trying to get property of non-object in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/blogsearch.google.co.jp/blogsearchGoogleCoJp_blogsearch_feeds.class.php on line 33

Notice: Trying to get property of non-object in /home/svzer126/cntry.net/html/ImprovementLib/lib/simpleApi/blogsearch.google.co.jp/blogsearchGoogleCoJp_blogsearch_feeds.class.php on line 33
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　（本文は、『東洋経済　金融ビジネス』２００１年１０月号へ寄稿した拙稿「パッシブ運用だけでは『市場』は非効率化する」に加筆、修正したものである）
　 金融工学の陥穽 戻 る
　　　　　　　　　　　　　＜要約＞
「金融工学」が、一種のブームになっているが、このブームには、注意が必要だ。金融理論によれば、インデックス運用が最も効率的な運用ということになるが、それには前提がある。それは、個別...

http://www.tiu.ac.jp/~shwatana/kinyuu-buisiness.htm

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