Systematic Equity Investing

Modern portfolio theory tells us that the return from an asset is simply the remuneration of the risk attached to holding the asset.
Therefore, an asset that is considered risky should yield a higher return than a less risky asset.
Modern portfolio theory, developed in 1952 by the winner of the Nobel Prize in Economic Sciences, Harry Markowitz, today constitutes the academic foundation upon which a great many portfolios of financial assets are built.

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