By: Ray
What is wrong with CAPM? There are several problems identified by academics regarding CAPM: 1. A market portfolio of all assets is not measurable. 2. CAPM assumes systematic risk, as measured by beta,...
View ArticleBy: Rudiger
<strong>People,</strong> <em>Modern Portfolio Theory</em>, like the Theory of Evolution, is just that ... a <em>theory</em>. <strong>Rudiger</strong>
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