Modern Portfolio Theory has failed investors. A change in direction is long overdue.
We are in a time of enormous risk. Economic growth is anemic, and political risk to the capital markets is on the rise. In the U.S., a generation of white collar baby-boomers is heading into retirement with insufficient assets in their 401(k) programs, and industrial workers are stuck with materially underfunded pension plans.
Against that backdrop, the investing industryâs current set of practices and assumptionsâModern Portfolio Theory (MPT)âis based on a half-century old formula that is supposed to deliver the maximum amount of return for a given amount of risk. The trouble is that it doesnât work very well.
In Getting Back to Business, dividend-investing guru Daniel Peris proposes a radical new approachâradical in that it does away with MPT in favor of a more intuitive, common-
Table of Contents
Preface
Acknowledgments
Introduction: The Need for Rules
Chapter 1: What Chaos Looks Like
Chapter 2: The Founding Fathers Come Together
Chapter 3: The March of Progress -- The Emergence of MPT
Chapter 4: The (Nonexistent) Paradigm That Fails Investors Every Day
Chapter 5: Getting Back to Business
Conclusion
Notes
Suggested Further Reading
Index
