Mean-Variance Analysis in Portfolio Choice and Capital Markets

by Harry M. Markowitz and G. Peter Todd

Book Overview

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...

• Format: Hardcover
• Language: English
• ISBN: 1883249759
• ISBN13: 9781883249755
• Release Date: February 2000
• Publisher: Wiley
• Length: 400 Pages
• Weight: 0.15 lbs.
• Dimensions: 1.0" x 6.0" x 9.0"