Domain Dependence
Recognizing Interdependence Among Fields and Disciplines
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In 1952, Harry Markowitz published a paper entitled “Portfolio Selection” in the Journal of Finance. This paper introduced Modern Portfolio Theory (MPT). For those of us who have spent time in the world of finance, this underlies much of investment world to this day.
The idea behind MPT is that a mix of assets is better than an investment in a single ass…