Let’s move on from Part I of this blog series on the Efficient Frontier, formulated over half a century ago by Harry Markowitz, to the New Frontier postulated by investment advisor Richard Machaud. Michaud is the author of Efficient Asset Management: A Practical...
The continuous uniform distribution represents a situation where all outcomes in a range between a minimum and maximum value are equally likely. From a theoretical perspective, this distribution is a key one in risk analysis; many Monte Carlo software algorithms use a...