Agreed, the utility of MPT for retail investors is for risk diversification rather than efficient frontiers. But wealth managers try to force-fit it with arbitrary assumptions.
All I am saying is we need to vaguely right than precisely wrong.
Agreed, the utility of MPT for retail investors is for risk diversification rather than efficient frontiers. But wealth managers try to force-fit it with arbitrary assumptions.
All I am saying is we need to vaguely right than precisely wrong.