id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-9112	Charles K. Whitehead	Risky Business: Portfolio Risk, Institutional Investing, and the Securities Act 	2022	42	.pdf	application/pdf	15629	690	52	First, the management of portfolio risk (rather than the individual risk of a security) developed in the 1950s and 1960s.27 Second, significant growth in instruments that permit the buying and selling of risk arose in the 1970s.28 Markowitz’s breakthrough laid the groundwork for fellow Nobel Prize winner William Sharpe, who is widely known for the Capital Asset Pricing Model (CAPM) of financial asset price formation.37 In application, the CAPM assists investors in calculating portfolio risk and 33 See PAUL MLADJENOVIC, STOCK INVESTING FOR DUMMIES 95 (5th ed. 2016).	cache/cblr-9112.pdf	txt/cblr-9112.txt