combination of two efficient portfolios

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son.isfa
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combination of two efficient portfolios

Post by son.isfa »

Consider a market with n risky assets and a risk free asset. How to prove that, every efficient portfolio is a combination of two efficient portfolios?
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ochotona
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Re: combination of two efficient portfolios

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When did markets start being efficient? That's news to me.

It is called"The Efficient Market HYPOTHESIS" for good reason. It is not a law.
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Tyler
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Re: combination of two efficient portfolios

Post by Tyler »

How do you define "efficient"?
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