Building a CAPM That Works: What It Means for Today’s Markets
The capital asset pricing model (CAPM) is one of the marvels of 20th century economic scholarship. Indeed, its creators took home Nobel Prizes for their efforts, and its insights ...
Modern Portfolio Theory (MPT)
How Goals-Based Portfolio Theory Came to Be
The following is excerpted from Goals-Based Portfolio Theory by Franklin J. Parker, CFA, published this year by Wiley. “I’ve heard people compare knowledge of a topic to a ...
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