It's like a crapshoot in Las Vegas, except in Las Vegas the odds are with the house. As for the market, the odds are with you, because on average ove….

We next consider the rule that the investor does or should consider expected return a desirable thing and variance of return an undesirable thing..

Perhaps the most important job of a financial advisor is to get their clients in the right place on the efficient frontier in their portfolios. But t….

A good portfolio is more than a long list of good stocks and bonds. It is a balanced whole, providing the investor with protections and opportunities….

To reduce risk it is necessary to avoid a portfolio whose securities are all highly correlated with each other. One hundred securities whose returns ….

In choosing a portfolio, investors should seek broad diversification, Further, they should understand that equities--and corporate bonds also--involv….