Description: Further DetailsTitle: Mean-Variance Analysis in Portfolio Choice and Capital MarketsCondition: NewEAN: 9781883249755ISBN: 9781883249755Publisher: John Wiley & Sons IncFormat: HardbackRelease Date: 02/28/2000Description: In 1952, Harry Markowitz published "Portfolio Selection," a paper which revolutionized modern investment theory and practice. The paper proposed that, in selecting investments, the investor should consider both expected return and variability of return on the portfolio as a whole. Portfolios that minimized variance for a given expected return were demonstrated to be the most efficient. Markowitz formulated the full solution of the general mean-variance efficient set problem in 1956 and presented it in the appendix to his 1959 book, Portfolio Selection. Though certain special cases of the general model have become widely known, both in academia and among managers of large institutional portfolios, the characteristics of the general solution were not presented in finance books for students at any level. And although the results of the general solution are used in a few advanced portfolio optimization programs, the solution to the general problem should not be seen merely as a computing procedure. It is a body of propositions and formulas concerning the shapes and properties of mean-variance efficient sets with implications for financial theory and practice beyond those of widely known cases. The purpose of the present book, originally published in 1987, is to present a comprehensive and accessible account of the general mean-variance portfolio analysis, and to illustrate its usefulness in the practice of portfolio management and the theory of capital markets. The portfolio selection program in Part IV of the 1987 edition has been updated and contains exercises and solutions.Language: EnglishCountry/Region of Manufacture: USItem Height: 234mmItem Length: 158mmItem Width: 27mmItem Weight: 705gAuthor: Harry M. Markowitz, G. Peter ToddContributor: William F. Sharpe (Foreword by)Genre: Business & FinanceBook Series: Frank J. Fabozzi SeriesRelease Year: 2000 Missing Information?Please contact us if any details are missing and where possible we will add the information to our listing.
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Book Title: Mean-Variance Analysis in Portfolio Choice and Capital Markets
Title: Mean-Variance Analysis in Portfolio Choice and Capital Markets
EAN: 9781883249755
ISBN: 9781883249755
Release Date: 02/28/2000
Release Year: 2000
Country/Region of Manufacture: US
Contributor: William F. Sharpe (Foreword by)
Genre: Business & Finance
Number of Pages: 400 Pages
Language: English
Publication Name: Mean-Variance Analysis in Portfolio Choice and Capital Markets
Publisher: Wiley & Sons, Incorporated, John
Item Height: 1.1 in
Publication Year: 2000
Subject: Investments & Securities / Portfolio Management, Finance / General, Investments & Securities / General
Features: Revised
Item Weight: 24.9 Oz
Type: Textbook
Item Length: 9.2 in
Author: G. Peter Todd, Harry M. Markowitz
Subject Area: Business & Economics
Series: Frank J. Fabozzi Ser.
Item Width: 6.2 in
Format: Hardcover
