Episode Details
Back to EpisodesRisk, Uncertainty, Profits, and Modern Portfolio Theory
Published 2 months, 1 week ago
Description
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.
Original article: https://mises.org/mises-wire/risk-uncertainty-profits-and-modern-portfolio-theory