Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio

Conclusion

The second half of the twentieth century brought a massive wave of human behavior quantified, categorized, and optimized. There can be no doubt that the process produced a myriad of heretofore identified and probably many unidentified benefits to society. In medicine, we have a much clearer knowledge of how various behaviors can affect our health. Parsing how children study, and under what conditions, has led to a manifestly better understanding of educational outcomes. Weather and storm forecasting are vastly more accurate than they were even just a few decades ago due to the computing power thrown at that task. In a more commercial ...