Risk-Return Analysis: The Theory and Practice of Rational Investing (Volume One)

Harry M. Markowitz · Kenneth Blay

2013年9月 · McGraw Hill Professional

關於這本電子書

The Nobel Prize-winning Father of Modern Portfolio Theory re-introduces his theories for the current world of investing

Legendary economist Harry M. Markowitz provides the insight and methods you need to build a portfolio that generates strong returns for the long run

In Risk-Return Analysis, Markowitz corrects common misunderstandings about Modern Portfolio Theory (MPT) to help advanced financial practitioners dramatically improve their decision making.

In this first volume of a groundbreaking four-part series sure to draw the attention of anyone interested in MPT, Markowitz provides the criteria necessary for judging among risk-measures; surveys a half-century of literature (nearly all of which has been ignored by textbooks) on the applicability of MPT; and presents an empirical study of which functions of mean and some risk-measure is best for those who seek to maximize return in the long run.

Harry M. Markowitz is a Nobel Laureate and the father of Modern Portfolio Theory.

關於作者

Harry M. Markowitz is president of Harry Markowitz Co. in San Diego. In 1990, he was jointly awarded the Nobel Prize for economics with Merton Miller and William Sharpe.