the Mackowit line is wrong in cfa level 1
the argument is virtuous circle.
from description of stocks risks, authors make many reasonings to prove the description of the stock risks.
From A to B to C to A
this argument is totally wrong.
Do you mean Markowitz?
If so, what do you mean by the Markowitz line? The efficient frontier?
And why are you complaining about Level I in the Level III forum?