The Models Are Broken—But Indexing Still Works

If you’ve researched the theoretical foundations of index investing, you’ve no doubt come across Modern Portfolio Theory and the Efficient Markets Hypothesis. And if you read the commentaries of active money managers and the financial media, you’ve probably seen countless articles that dismiss both as obsolete. Modern Portfolio Theory is declared dead after every market [...]

Source: http://canadiancouchpotato.com/2012/04/30/the-models-are-broken-but-indexing-still-works/?utm_source=rss&utm_medium=rss&utm_campaign=the-models-are-broken-but-indexing-still-works

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