An investment portfolio strategy, developed by two Goldman Sachs analysts, that combines the use of the Capital Asset Pricing Model (CAPM) with the mean-variance optimization theory.
Related information about Black-Litterman Model:
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In Finance the Black–Litterman model is a mathematical model for portfolio allocation developed in 1990 at Goldman Sachs by Fischer Black and Robert ...
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The Black-Litterman model is essentially a combination of two main theories of modern portfolio theory, the Capital Asset Pricing Model (CAPM) and Harry ...
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