From Markowitz 1.0 to Markowitz 2.0 with a Detour to postmodern portfolio theory and back

PD Kaplan - The Journal of Investing, 2017 - pm-research.com
In 1994, Larry Siegel and I published an article in this journal in response to an article that
claimed that (1) mean-variance optimization (MVO), a vital part of modern portfolio theory …