3 ms·
Portfolio theory is useless for the rare skilled investors. In fact it's dead wrong. If you are skilled you want to concentrate in your best ideas, and you want
by valuearb 10y ago
Portfolio theory is useless for the rare skilled investors. In fact it's dead wrong. If you are skilled you want to concentrate in your best ideas, and you want high variance to improve your purchase and sale prices.
If you leverage though, you better know portfolio theory math and your risk of ruin.