Changed Reality: Attack of the Financial Mathematicians

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We have looked at what happened in the field of corporate strategy untll 1970 in my last post. Now let us take a quick look (in overly simplistic terms) at what happened in the field of Corporate Finance during the same period.

It could be argued that ‘modern finance’ started with a 1952 paper from 25-year old student named Harry Markowitz.… [Read more]