Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio https://www.mheducation.com/cover-images/Jpeg_400-high/1260135322.jpeg 1 9781260135329 Modern Portfolio Theory has failed investors. A change in direction is long overdue. We are in a time of enormous risk. Economic growth is anemic, and political risk to the capital markets is on the rise. In the U.S., a generation of white collar baby-boomers is heading into retirement with insufficient assets in their 401(k) programs, and industrial workers are stuck with materially underfunded pension plans. Against that backdrop, the investing industry’s current set of practices and assumptions—Modern Portfolio Theory (MPT)—is based on a half-century old formula that is supposed to deliver the maximum amount of return for a given amount of risk. The trouble is that it doesn’t work very well. In Getting Back to Business, dividend-investing guru Daniel Peris proposes a radical new approach—radical in that it does away with MPT in favor of a more intuitive, common-sense approach practiced by business people in their own affairs everyday: cash returns on cash investments. “In a profession utterly lacking a historical sensibility,” Peris writes. “One periodically needs to ask why we do things the way we do, how we got here, and whether perhaps there is a better way.” Balancing detailed historical evidence with a practitioner’s real-world expertise, Peris asks the right questions—and provides a solution that makes sense in today’s challenging investing landscape.
Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio

Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio

1st Edition
By Daniel Peris
ISBN10: 1260135322
ISBN13: 9781260135329
Copyright: 2018
09781260135329

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ISBN10: 1260135322 | ISBN13: 9781260135329

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Program Details

Preface

Acknowledgments

Introduction: The Need for Rules

Chapter 1: What Chaos Looks Like

Chapter 2: The Founding Fathers Come Together

Chapter 3: The March of Progress -- The Emergence of MPT

Chapter 4: The (Nonexistent) Paradigm That Fails Investors Every Day

Chapter 5: Getting Back to Business

Conclusion

Notes

Suggested Further Reading

Index