Portfolio Selection

Efficient Diversification of Investments

By: Harry M. Markowitz

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Paperback | 1 April 1971 | Edition Number 1

At a Glance

Paperback
368 Pages

Dimensions(cm)
20.4 x 12.7 x 2.0

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This is a classic book, representing the first major breakthrough in the field of modern financial theory. In effect, it created the mathematics of portfolio selection in a model which has turned out to be the indispensable building block from which the theory of the demand for risky securities is constructed. It also became an essential reference for individuals and financial institutions actually selecting optimal portfolios. Long out of print and unavailable to numerous recent entrants to both financial theory and financial practice, this new edition leaves the existing text as it stands but adds substantial new material including a new bibliography and a fascinating biographical piece on the birth of the field of finance.

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Non-Fiction Accounting & Finance Finance Investment & Securities Miscellaneous Items Business & Management

Preface
Introduction and Illustrations
Introduction
Illustrative Portfolio Analysis
Relationships Between Securities and Portfolios
Averages and Expected Values
Standard Deviations and Variances
Investment in Large Numbers of Securities
Return in the Long Run
Efficient Portfolios
Geometric Analysis of Efficient Sets
Derivation of E, V Efficient Portfolios
The Semi-Variance
Rational Choice Under Uncertainty
The Expected Utility Maxim
Utility Analysis Over Time
Probability Beliefs
Applications to Portfolio Selection
Bibliography
Addendum
Appendix
The Computation of Efficient Sets
A Simplex Method for the Portfolio Selection Problem
Alternative Axiom Systems for Expected Utility
Index
Notes on Previous Chapters
Note on Chapter IV
Note on Chapter V
Note on Chapter VI
Note on Chapter VII
Note on Chapter VIII and Appendix A
Note on Chapter IX
Note on Part IV and Appendix C
Appendix: Personal Notes
Table of Contents provided by Publisher. All Rights Reserved.

Portfolio Selection

Efficient Diversification of Investments

At a Glance

Paperback

Shipping

How to return your order

Defective items

You Can Find This Book In

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