The Myths and Fallacies about Diversified Portfolios January 9 , 2017 by

@inproceedings{Edesess2019TheMA,
  title={The Myths and Fallacies about Diversified Portfolios January 9 , 2017 by},
  author={Michael Edesess},
  year={2019}
}
For many years “alpha” – outperformance of the market on a risk-adjusted basis – was the Holy Grail of investment. Almost all money managers claimed they could produce it. Then, under the weight of an Everest-high mountain of evidence that no investment manager – not mutual funds, not hedge funds – could reliably produce alpha, at long last, a significant minority of investment managers have stopped laying claims to it. For many of these there is now a new Holy Grail: diversification. But there… CONTINUE READING

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