Harry M. Markowitz (University of New York)

Gebundenes Buch

Portfolio Selection

Efficient Diversification of Investments

Beschreibung

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.

Autor

Professor Markowitz has been awarded the Nobel Prize for Economics 1990.

Produktdetails

• Verlag: John Wiley & Sons Inc
• 2 ed
• Seitenzahl: 400
• Erscheinungstermin: 26. August 1991
• Englisch
• Abmessung: 235mm x 157mm x 26mm
• Gewicht: 696g
• ISBN-13: 9781557861085
• ISBN-10: 1557861080
• Artikelnr.: 09574386

Rezensionen

"Modern portfolio theory gives a rigorous mathematicaljustification for the time honored investment maxim thatdiversification is a sensible strategy for individuals who wish toreduce their risks. Invented in the 1950s by Harry Markowitz inthis book, the theory provides a firm foundation for the intuitionthat you should not put all your eggs in one basket and showsinvestors how to combine securities to minimize risk." Butron GMalkiel, author of "A Random Walk Down Wall Street"

"In every field of study it is possible to lookback and identify a person or event that caused a major change inthe direction or development of the field. In investments it isclear that the seminal work by Harry Markowitz on portfolio theorychanged the field more than any other single event." Frank K.Reilly, University of Notre Dame, Indiana