Getting Back to Business
Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio
Daniel Peris
The book critiques Modern Portfolio Theory (MPT) for its over-reliance on statistical models and market efficiency, arguing that these approaches disconnect investors from fundamental business ownership principles. It advocates for a return to a common-sense, business-focused investment strategy that emphasizes dividends and intrinsic value over market timing and stock picking.
See full summary
