Moving Beyond Modern Portfolio Theory: Investing That Matters

ISBN-13: 9780367760823 / Angielski / Miękka / 2021 / 134 str.

James P. Hawley

Opis

This book tells the story of how Modern Portfolio Theory revolutionized the investing world and the real economy but is now showing its age. The authors propose a new imperative to improve finance’s ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy.

Spis treści

Introduction 1. The MPT Revolution Devours Its Children  2. The MPT Paradox 3. Short-Termism  4. Everything Old Is New Again  5. From Dividends in Nutmeg to Creating $5 Trillion  Conclusion  Bibliography