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

Kenneth Blay Harry Markowitz

ISBN 10: 007181793X / ISBN 13: 9780071817936

Published by The McGraw-Hill Company, 2013

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Bibliographic Details

• Title: Risk-Return Analysis: The Theory and Practice of Rational Investing (Volume One)
• Publisher: The McGraw-Hill Company
• Publication Date: 2013
• Language: English
• ISBN 10: 007181793X
• ISBN 13: 9780071817936
• Binding: Hardcover
• Condition: New

About this title

Synopsis

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.

About the Author

HARRY M. MARKOWITZ is a Nobel Laureate and the father of Modern Portfolio Theory. Named "Man of the Century" by Pensions & Investments magazine, he is a recipient of the prestigious John von Neumann Theory Prize for his work in portfolio theory, sparse matrix techniques,and the SIMSCRIPT programming language.

KENNETH A. BLAY serves as the Director of Research for 1st Global. He leads asset allocation research and policy recommendations for the firm's investment management platform. He has played an instrumental role in the development of 1st Global's efforts in portfolio management, investment due diligence, capital markets analysis, and the establishment of theInvestment Management Research Group, which today oversees the firm's portfolio management research. Kenneth has worked extensively with Dr. Harry Markowitz on portfolio analysis, risk management, and various research initiatives including tax-cognizant asset allocation.