Risk, Uncertainty, Profits, and Modern Portfolio Theory
Audio Mises Wire · Mises Institute
December 15, 2025
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Show Notes
While Modern Portfolio Theory (MPT) is popular in academic economics and finance, it fails to properly explain profits, mistakenly confusing entrepreneurial profit seeking with risk management.
Original article: https://mises.org/mises-wire/risk-uncertainty-profits-and-modern-portfolio-theory
Topics
Financial MarketsPricesThe Entrepreneur