Does Diversification Improve Bank Efficiency?
نویسندگان
چکیده
In 1952, Nobel Laureate Harry Markowitz, . . . , demonstrated mathematically why putting all your eggs in one basket is an unacceptably risky strategy and why diversification is the nearest an investor or business manager can ever come to a free lunch. That revelation touched off the intellectual movement that revolutionized Wall Street, corporate finance, and business decisions around the world; its effects are still being felt today.
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