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The efficient frontier fails the test of time

Like so many simplistic approaches to the financial markets, the efficient frontier fails to reflect market reality. To understand the investment efficient frontier, it helps to go back to its origin. In 1952, economist Harry Markowitz published an...

What makes an investment decision good or bad?

Hint: It’s not the outcome. An active focus on implementing an investment strategy tends to keep managers from focusing on the potential drag on performance inherent to their investment decision process. Overcoming that drag could amount to gaining...