Publication Type
Journal Article
Publication Date
3-2012
Abstract
The economic wreckage from the 2008 global financial crisis dealt a blow to the theoretical foundations of finance and economic. Many of these theories, such as Markowitz’s Modern Portfolio Theory (MPT), were considered received wisdom and taught in practically all business schools. But now they appeared inadequate to the task of handling the “fat-tails” and “black swans” of extreme market events. These crashes were also occurring far more often than predicted by these theories.
Disciplines
Finance | Growth and Development
Licece/Creative Commons Licence
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Subject(s)
Basic or Discovery Scholarship
Citation
Singapore Management University.
Markowitz 2.0: Innovations for asset allocation. (2012).
Available at: https://ink.library.smu.edu.sg/pers/319
Additional URL
https://www.smu.edu.sg/perspectives/all