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5min chapter
Are You Taking Enough Aspirational Risk?
Money For the Rest of Us
The Limits of Modern Portfolio Theory and Aspirational Risk
This chapter critiques modern portfolio theory by examining the frequency of extreme market events and their psychological impacts on investor behavior. It introduces the concept of 'aspirational risk' and addresses the gap between theoretical diversification and real-world practices in investment.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode