They automate the most fundamental principles of Modern Portfolio Theory
by recommending diversified portfolios of assets that aim to maximize returns for any given level of risk.
It is investment in a diversified by Nobel prize-winning economist Harry Markowitz, renowned in investment circles for his sometimes criticized but respected Modern Portfolio theory
This concept is central to modern portfolio theory
Modern Portfolio Theory
and Investment Analysis, 9th Edition
Liquid's investment process is driven by 'Liquid Investment Theory' (LIT), a refinement of Modern Portfolio Theory
, itself used in one form or another by all fundamentally driven investors.
As more service providers saw the lucrative advantages of entering the 401(k) market, Modern Portfolio Theory
descended upon the retirement plan world like a dark cloud.
The objective of this research is to explore a new approach to airline seat allocation in global markets by employing a risk mitigation model, using portfolio theory
to diversity an airline's route network.
Robert Fernholz and published in the paper, "Stochastic Portfolio Theory
and Stock Market Equilibrium" in The Journal of Finance in 1982.
Indeed the full title of this book is Behavioural Investment Management: An Efficient Alternative to Modern Portfolio Theory
The quantitative research that was used is based on Markowitz's Modern Portfolio Theory
Value investing as a strategy fell out of favour in the latter part of the 20th century, to be replaced by Modern Portfolio Theory
- which appears to me at present to be a way of investing your money until it is all gone
Modern portfolio theory
is indeed modern, dating back to the late 1950s and early 1960s (Statman, 2005).