AAFAM

The flaws with the most widely used approach to investing

Standard asset allocation practice (“strategic asset allocation”) is based on modern portfolio theory. Modern portfolio theory is derived from a research paper written by Harry Markowitz. In his paper, Markowitz describes two stages. “The first stage starts with observation and experience and ends with beliefs about the future performances of available securities. The second stage … Continue reading

Cookie Statement

This Cookie Statement explains how the site uses cookies. This applies to you opening posts or interacting with the site. For more information about how we collect and process your personal data, please consult our Privacy Policy. 1. What Are Cookies and Why Do We Use Them? Cookies are small data files that are placed … Continue reading