Things fall apart

Guy Fraser-Sampson
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Guy Fraser-Sampson: Cass Business School

Chapter Chapter 10 in The Pillars of Finance, 2014, pp 134-149 from Palgrave Macmillan

Abstract: Abstract Having seen how Markowitz’s view of risk has come to exercise such a stranglehold on the financial imagination, let us turn to discussing its limitations in more depth. We will begin by showing the falseness of the various assumptions on which it is based. Then, in a separate chapter, we will discuss its fundamental weaknesses as a concept. Put another way, let us examine it first as the mathematical process which it purports to be, and then as a philosophical construct.

Keywords: Stock Market; Periodic Return; Capital Asset Price Model; Asset Class; Investment Return (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-26406-0_10

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DOI: 10.1057/9781137264060_10

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