Moving Beyond Modern Portfolio Theory

Name: Moving Beyond Modern Portfolio Theory
Brand: Taylor & Francis

Taylor & Francis

Moving Beyond Modern Portfolio TheoryInvesting That Matters\nAuthor(s): Jon Lukomnik, James P. Hawley\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367369958, 978-0367369958\nSynopsis\nMoving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. Its time for MPT to evolve. The authors propose a new imperative to improve finances ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such.