Modern Portfolio Theory and Investment Analysis

Modern Portfolio Theory and Investment Analysis

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An update of a classic book in the field, Modern Portfolio Theory examines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management. Readers will also discover the strengths and weaknesses of modern portfolio theory as well as the latest breakthroughs.... in all previous periods. Several firms use an explicit utility function to select the optimal bonda€“stock mix over time. ... put on the stock portfolio. This trading strategy often goes under the name of portfolio insurance or dynamic asset allocation.

Title:Modern Portfolio Theory and Investment Analysis
Author:Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann
Publisher:John Wiley & Sons - 2009-11-16


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