The 1980’s were a critical era for gauging the capital asset pricing model’s—or CAPM’s—validity, posits a post on the CFA Institute Blog. Greater data access and expanded computing power in…
Tag: Capital Asset Pricing Model (CAPM)
Should CAPM Be Retired?
A new paper argues that factor investing challenges the decades-old Capital Asset Pricing Model (CAPM), according to an article in Institutional Investor. The paper’s co-author, Northern Trust Asset Management’s head…