Just imagine for a moment that you were the manager of a football club (leaving FC Bayern aside). What would matter more to you: winning the championship title, or the prospect of consistently competing in the Europa or Champions League?
In stock market jargon, these rare birds stand as a symbol for unforeseen events – with serious consequences for the global economy.
Harry Markowitz revolutionized the stock markets with his portfolio theory. Even after 65 years, the cornerstones of his work still form the basis for countless investment models.
What should a portfolio look like to be optimally prepared for 2017 as well? Arndt Kussmann, head of the Portfolio Solutions department at quirin bank AG, gives an overview of the most important insights from financial science.
Nobel laureate Daniel Kahneman recognised that people make suboptimal decisions above all in difficult situations. When it comes to investing, that can have fatal consequences. Second part of our series: Icons of financial science.
Eugene Fama made a meteoric academic career with his theories: he postulated the collective intelligence of the capital markets and was awarded the Nobel Prize in Economic Sciences for it in 2013.
