CAPM
2 statements across 2 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement Sep 24, 2018 by Raphael Arndt · across every show →
Everything said about CAPM, oldest first
Sep 24, 2018 negative
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…”
Sep 1, 2025 negative
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…”