This video is from Professional Planner Online. View the full article: www.professionalplanner.com.au/investment-research/life-after-modern-portfolio-theory/ Michael Kitces, partner and director of research, Pinnacle Advisory Group, covers the following: - Is modern portfolio theory broken? - Why are long-term historical averages potentially faulty inputs? - What are more sensible inputs to the MPT model? - Will better inputs protect investors in future periods when asset class correlations again approach 1? - What is the key thing that advisers should remember about using MPT as the basis for portfolio construction?