PROJECT M
 

Correlations and the trouble with Harry

Diversification failed spectacularly during the financial crisis. Yet Harry Markowitz’s theory is not obsolete. Next-generation portfolio managers need to take into account endogenous risks and diversify across investment strategies and markets

Dr Christian Schmitt
© plainpicture

Correlations and the trouble with Harry

Diversification failed spectacularly during the financial crisis. Yet Harry Markowitz’s theory is not obsolete. Next-generation portfolio managers need to take into account endogenous risks and diversify across investment strategies and markets

Dr Christian Schmitt

Comments