There IS Such A Thing As A FREE LUNCH!

Presentation to All-Start Financial Group, Chicago IL July 19, 2019

By J. Ben Vernazza CPA/PFS TEP emeritus & Stewart Frank CPA/PFS AIFA

 

“One of the central findings of Modern Portfolio Theory [is] that huge and essentially costless gains [can be obtained from] diversifying [a] portfolio thoroughly [by minimizing Uncompensated Risk].”   by John H. Langbein, Reporter for the Uniform Prudent Investor Act-Sterling Professor of Law and Legal History at Yale Law School

“Markowitz’s Notion of Diversification is the Only Known “Free Lunch” in All of Investing” Scott Simon, J.D., CFP®, AIFA®

“UnMeasured is UnManaged” Peter Drucker

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