Nassim Nicholas Talep “Statistical Consequences of Fat Tails” Published in 2020. A recent read compared to Markowitz “Portfolio Selection” published in “The Journal of Finance”, Vol. 7, No. 1. (Mar., 1952), pp. 77-91. Both of them are must reads. Markowitz passed away on 2023. I wonder if those two guys ever meet each other. If they ever did I wonder if they discussed their own approaches. I will search for it and let you know…