Phil Town: Modern Portfolio Theory Math Caused the 2008 Crash
Phil Town · EP 572: 400,000 Books Sold Teach How to Take $1000 to $1.5m with Author Phil Town · Feb 16, 2017 · at 6:30
Phil Town critiques robo-advisors and mainstream financial models, asserting Modern Portfolio Theory risk algorithms triggered the 2008 subprime mortgage collapse.
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“And modern portfolio theory math is what happened to the country in 2008. It's the same math that created the giant meltdown in, in mortgage bonds.”
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