Modern Portfolio Theory $($MPT$)$ developed by Harry Markowitz in the $1950$s$,$ has been

extensively studied and validated over the years. Numerous empirical studies and academic

research have provided evidence supporting the validity and effectiveness of portfolio theory

in practice leading to widespread acceptance and adoption by investors, finance professionals

and academics alike.

Th key tenets of MPT are:

$1.$ Diversification.

$2.$ Efficient Frontier.

$3.$ Risk Measurement.

$4.$ Risk$-$Return Trade$-$off.

$5.$ Portfolio Optimization.

$6.$ Asset Allocation Strategies.

Required:

$($i$)$ For each of the above Six $(6)$ tenets, evaluate Two $(2)$ different research papers or

journal articles published about the tenet.