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This book tells the story of how Modern Portfolio Theory revolutionized the investing world and the real economy but is now showing its age. The authors propose a new imperative to improve financeâ s ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy.

Produktbeschreibung
This book tells the story of how Modern Portfolio Theory revolutionized the investing world and the real economy but is now showing its age. The authors propose a new imperative to improve financeâ s ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy.
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Autorenporträt
Jon Lukomnik is the managing partner of Sinclair Capital LLC, a strategic consultancy to institutional investors, and a Senior Fellow at the High Meadows Institute. James P. Hawley is Head of Applied Research at TruValue Labs, San Francisco and Professor Emeritus School of Economics and Business, Saint Mary College of California.