What is the Capital Asset Pricing Model (CAPM)?
11:50 AMHarry Markowitz established Modern Portfolio Theory (MPT) and the investment concept of diversification in 1952. One of Markowitz’ doctoral students, William Sharpe, streamlined his work and developed a more accessible approach to diversification known as the Capital Asset Pricing Model (CAPM). For their work, both individuals were awarded the Nobel Prize in Economic Sciences in […]
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via Finance Xpress
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