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Portfolio Theory

Author
Harry Markowitz
Type
Book
Link
amazon.com
Cost
Paid
Published
2010
Full Name
Portfolio Theory: As I Still See It

Portfolio Theory is an essay that summarizes Markowitz's views on the foundations of portfolio theory and its applications to current issues. It discusses his insights on actual financial behavior, as opposed to idealized rational behavior. It also provides a simple proof of the theorem that investors in capital asset pricing models do not get paid for bearing risk.

This book includes:

  • choice of criteria for practical risk-return analysis
  • proofs of the fact that expected-utility maximizers would never prefer a multiple-prize lottery to all single-prize lotteries

Warnings and Disclaimers

The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. It is not designed to meet your personal financial situation - we are not investment advisors nor do we give personalized investment advice. The opinions expressed herein are those of the publisher and are subject to change without notice. It may become outdated an there is no obligation to update any such information.

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