CAPM - Exclusive Problems Exclusively Dealt

The Capital Asset Pricing Model allows to price risky financial assets, in seductive simple way, but under various theoretical assumptions. Since its inception, CAPM has been questioned due to some of its unrealistic theoretical assumption or due to its empirical failures. Academicians have been concentrating to minimize its problems and also presenting solutions and even presenting alternative models too. But, it is also true that despite of its various weaknesses, still CAPM could not be totally abandoned as useless. Finance still need CAPM, dead or alive