{"title":"Improving the Performance of Equity Portfolios","authors":"R. S. Clarkson, J. Plymen","doi":"10.1017/S0071368600009897","DOIUrl":null,"url":null,"abstract":"This paper has the strictly practical objective of devising procedures for managing Equity portfolios to the best advantage. First, Modern Portfolio Theory, (MPT) which has been developed over the last 35 years with just this objective, is critically examined; from a study of the history of MPT and of its philosophy, principles and practices, the authors conclude that this discipline makes no contribution whatever to improving the performance.","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"41 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1988-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"16","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Transactions of the Faculty of Actuaries","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1017/S0071368600009897","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 16
Abstract
This paper has the strictly practical objective of devising procedures for managing Equity portfolios to the best advantage. First, Modern Portfolio Theory, (MPT) which has been developed over the last 35 years with just this objective, is critically examined; from a study of the history of MPT and of its philosophy, principles and practices, the authors conclude that this discipline makes no contribution whatever to improving the performance.
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