Examining the limits of Modern Portfolio Theory

The definition of what it means to invest is changing, according to Jon Lukomnik and James P. Hawley, which means examining the limitations of the 75-year old legacy of modern portfolio theory […] “Bill Burkart and Steve Lydenberg’s 21stCentury Investing shows investors how to think about systems, the Predistribution Inititative’s“ESG 2.0” paper looks at the impact of institutional investors and investment structures on various ESG issues, and our book, “Moving Beyond Modern Portfolio Theory” provides the first coherent finance theory of why investors confront the MPT paradox.”