1. Professor Harry Markowitz, corecipient of the 1990 Nobel Prize in Economics, wrote the following: A portfolio...

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1. Professor Harry Markowitz, corecipient of the 1990 Nobel Prize in Economics, wrote the following:

A portfolio with 60 different railway securities, for example, would not be as well diversified as the same size portfolio with some railroad, some public utility, mining, various sorts of manufacturing, etc.21 Why is this true?

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Foundations Of Global Financial Markets And Institutions

ISBN: 9780262039543

5th Edition

Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann

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Question Posted: Oct 21, 2024 01:00 AM

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1. Professor Harry Markowitz, corecipient of the 1990 Nobel Prize in Economics, wrote the following: A portfolio...

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Foundations Of Global Financial Markets And Institutions

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