Murray Stahl

Murray Stahl On Problems With The MPT

FRMO Corp. 2014 third quarter conference call was just posted on the company website. Comments from Murray Stahl, Chairman and Chief Executive Officer of FRMO Corp

I can talk about some of the investments we’re making. The problem with the modern-day investment world, viewed through the lens of modern portfolio theory, is that it has an unspoken presumption. The unspoken presumption is that people are not really satisfied with the securities—I mean all the securities, the aggregation of securities, the tens of thousands of securities that exist in the world— they’re not really satisfied with . . .

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