CAPM
topic on 1 show · 2 statements across 2 episodes
2 statements about CAPM, every show
Arndt: Institutional portfolios rely on flawed, backward-looking CAPM assumptions
“Most funds, I would say, they're quite backward looking in their portfolio construction. What I mean by that is they take their sort of CAPM theory and their main variance optimization, and they look at historic data, and they then optimize the portfolio using…”
Arndt: Most Funds Rely on Flawed, Backward-Looking Portfolio Construction
“Most funds, I would say, I might not like to think of it this way, but I would say they're quite backward looking in their portfolio construction. What I mean by that is they take this sort of cap M theory and their main variance optimization, and they look at…”