Question: According to the recent Wall Street Journal article Some Frank Talk About That 'Index Fund' of Yours, what is the primary thesis of CAPM, according

According to the recent Wall Street Journal article "Some Frank Talk About That 'Index Fund' of Yours", what is the primary thesis of CAPM, according to the article? So, what is the problem with using the S&P 500 index as a market portfolio? What can we do to remedy this issue?

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