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Published in:
2024 | OriginalPaper | Chapter
5. Essential Principles of Wealth Management Undermined
Author : Yannick Coulon
Published in: An Introduction to Behavioral Finance and Asset Management
Publisher: Springer Nature Switzerland
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Abstract
The diversification advocated by Harry Markovitz is still relevant at the theoretical level. However, numerous empirical studies show that it is insufficiently applied in portfolios. What are the powerful obstacles to efficient and optimal diversification? This chapter lists potential suspects.
