Getting Back to Business: Why Modern Portfolio Theory Fails Investors and How You Can Bring Common Sense to Your Portfolio

Modern Portfolio Theory has failed investors. A change in direction is long overdue. 
We are in a time of enormous risk. Economic growth is anemic, and political risk to the capital markets is on the rise. In the U.S., a generation of white collar baby-boomers is heading into retirement with insufficient assets in their 401(k) programs, and industrial workers are stuck with materially underfunded pension plans.  
Against that backdrop, the investing industry’s current set of practices and assumptions―Modern Portfolio Theory (MPT)―is based on a half-century old formula that is supposed to deliver the maximum amount of return for a given amount of risk. The trouble is that it doesn’t work very well. 
In Getting Back to Business, dividend-investing guru Daniel Peris proposes a radical new approach―radical in that it does away with MPT in favor of a more intuitive, common-sense approach practiced by business people in their own affairs everyday: cash returns on cash investments. 
“In a profession utterly lacking a historical sensibility,” Peris writes. “One periodically needs to ask why we do things the way we do, how we got here, and whether perhaps there is a better way.” Balancing detailed historical evidence with a practitioner’s real-world expertise, Peris asks the right questions―and provides a solution that makes sense in today’s challenging investing landscape.

• The Strategic Dividend Investor
• Dollars and Sense: How We Misthink Money and How to Spend Smarter
• The Dividend Imperative: How Dividends Can Narrow the Gap between Main Street and Wall Street
• The Geometry of Wealth: How To Shape A Life Of Money And Meaning
• The Trust Mandate: The behavioural science behind how asset managers REALLY win and keep clients
• Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
• Mastering the Market Cycle: Getting the Odds on Your Side
• The Warren Buffett Shareholder: Stories from inside the Berkshire Hathaway Annual Meeting
• Invested: How Warren Buffett and Charlie Munger Taught Me to Master My Mind, My Emotions, and My Money (with a Little Help from My Dad)
• Non-Consensus Investing: Being Right When Everyone Else Is Wrong (Heilbrunn Center for Graham & Dodd Investing Series)