Question: The Markowitz optimization enigma: Is optimized optimal? (Michaud(1989)). Discuss the estimation risk problem in mean-variance analysis and approach developed by Michaud and Michaud(2008) of resampled

"The Markowitz optimization enigma: Is optimized optimal? (Michaud(1989)). Discuss the estimation risk problem in mean-variance analysis and approach developed by Michaud and Michaud(2008) of resampled portfolio efficiency to address the estimation risk problem.

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