The
Weinberg Center hosted a webinar featuring Jon Lukomnik and James
Hawley focusing on
their newly published book, “Moving
Beyond Modern Portfolio Theory: Investing That Matters”. The book tells the story of how Modern
Portfolio Theory (MPT) revolutionized the investing world and the real economy,
but is now showing its age. MPT has no mechanism to understand its impacts on
the environmental, social and financial systems, nor any tools for investors to
mitigate the havoc that systemic risks can wreck on their portfolios. The
authors believe that it’s time for MPT to evolve.
The authors are:
· Jon Lukomnik, Managing Partner, Sinclair Capital LLC
· James
Hawley, Senior ESG Advisor,
Factset/Truvalue Labs; and Professor Emeritus School of Economics and Business,
Saint Mary College of California
Because
systemic risk and systems-level investing are increasingly becoming more
important, this program is valuable to all investors. It is also helpful to corporate
directors and executives in understanding this evolving and important
area. Finally, anyone with an interest
in cutting-edge and thought-provoking investing, governance and ESG issues will
benefit from this program.