5
Getting Back to Business
There is nothing more difficult to carry out, nor more doubtful of success, nor more dangerous to handle, than to initiate a new order of things.
—Niccolo Machiavelli
Do what you will, the capital is at hazard.
—Judge Samuel Putnam, Harvard College v. Amory, 1830
If the stock market were to take a breather . . . then perhaps corporate managers would return to the basics of their businesses—that is, earning a profit, and passing on a reasonable portion of that profit to their owners.
—President’s letter, Smith Company 2000 annual report, Journal of Portfolio Management (2001)
Outlining an Alternative
Having investors ...
Get Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
