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Treynor Developed the First Composite Measure of Portfolio Performance by Introducing

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Treynor developed the first composite measure of portfolio performance by introducing the capital market line, which defines the relationship between the return of a portfolio over time and the return for the market portfolio.


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World War II

A global conflict that lasted from 1939 to 1945, involving many of the world’s nations, and marked by significant events like the Holocaust and the use of atomic bombs.

Economic Expansion

A period of increased business activity and economic growth, characterized by higher employment, income, and production levels.

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Short for the United States of America, a country primarily located in North America.

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