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Risk, Uncertainty, Profits, and Modern Portfolio Theory
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.
Original article: https://mises.org/mises-wire/risk-uncertainty-profits-and-modern-portfolio-theory
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By Mises Institute
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While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.
Original article: https://mises.org/mises-wire/risk-uncertainty-profits-and-modern-portfolio-theory
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