Tag Archives: Modern Portfolio Theory

At FiduciaryVest, we, like our competitors are focused on helping clients manage their investment risk. But, what do we mean when we discuss the topic? After Harry Markowitz published his now 52-year-old paper, unveiling what is still called “Modern Portfolio Theory,” the investment world developed a fetish about the variability of returns earned over annual periods. One of the most important areas of Markowitz’s research was the impact of diversification (low correlation) on overall returns. But, as portfolio management grew exponentially during the past twenty years, most of the heat and light associated with the selection of managers was focused … Continue reading →