Is Modern Portfolio Theory Past Its Sell-By Date?

By Oscar Miller One afternoon while reading in the University of Chicago library, American Economist Harry Markowitz began questioning the proposals of John Burr Williams in his book Theory of Investment Value [1]. Dubious about some of its assumptions, Markowitz began devising the basic components of Modern Portfolio Theory (MPT), which he would later showcase in his 1952Continue reading “Is Modern Portfolio Theory Past Its Sell-By Date?”