All models are wrong, some models are useful. - George E. P. Box

Everyone who goes through the BSchool /CFA rut knows about mean variance optimization . Some of them might know that it does not work in the practical world. So, what if noble prizes have been awarded!! It doesn’t work in practice…Like all models, however, it does give a framework to think about and nothing more than that….So, What’s the alternative ? If you are given a couple of assets and are asked to create an asset mgmt plan, how would you go about it ?

Never bothered to think about this aspect until today, when the choice of the format made a ton of the difference to the output! Via C# Corner : First off, why use PNG instead of GIF? Probably the most important reason is that GIF supports a maximum of 256 colors. The second reason is Unisys has a lockdown on the rights to LZW compression which the GIF format can, and usually does use.