Is diversification dead? Not entirely, but with the democratization of Modern Portfolio Theory it’s not your father’s 60/40 world anymore. The key insight of Modern Portfolio Theory (MPT): Don’t weigh an asset’s risk independently, but by how it contributes to the portfolio’s overall risk. MPT, the brainchild of economists Harry Markowitz…Read More At the Whiteboard with Chris Geczy
Is diversification dead? Not entirely, but with the democratization of Modern Portfolio Theory it’s not your father’s 60/40 world anymore. The key insight of Modern Portfolio Theory (MPT): Don’t weigh an asset’s risk independently, but by how it contributes to the portfolio’s overall risk. MPT, the brainchild of economists Harry Markowitz…Read More 
