Markowitz and CAPM Limitations
The article questions the validity of the MeanVariance (MV) model and the Capital Asset Pricing Model (CAPM) due to market portfolio inefficiency and the failure of asset expected returns in beta under realistic constraints.
Featured in No. 55 on 3 Jul 2024 · 6 days after release
- Released
- 27 Jun 2024
- First featured
- No. 55 · 3 Jul 2024
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 2
- Identifier
- SSRN 4879521
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).