The Theory and Practice of Rational Investing

The Theory and Practice of Rational Investing by Harry Markowitz


ISBN
9780071830096
Published
Binding
Hardcover
Pages
400
Dimensions
168 x 236 x 36mm

The Nobel Prize-winning Father of Modern Portfolio Theory returns with new insights on his classic work to help you build a lasting portfolio today



Contemporary investing as we know it would not exist without these two words: "Portfolio selection." Though it may not seem revolutionary today, the concept of examining and purchasing many diverse stocks-creating a portfolio-changed the face of finance when Harry M. Markowitz devised the idea in 1952.



In the past six decades, Markowitz has risen to international acclaim as the father of Modern Portfolio Theory (MPT), with his evaluation of the impact of asset risk, diversification, and correlation in the risk-return tradeoff. In defending the idea that portfolio risk was essential to strategic asset growth, he showed the world how to invest for the long-run in the face of any economy.



In Risk Return Analysis, this groundbreaking four-book series, the legendary economist and Nobel Laureate returns to revisit his masterpiece theory, discuss its developments, and prove its vitality in the ever-changing global economy. Volume 2 picks up where the first volume left off, with Markowitz's personal reflections and current strategies. In this volume, Markowitz focuses on the relationship between single-period choices-now-and longer run goals. He discusses dynamic systems and models, the asset allocation "glide-path," inter-generational investment needs, and financial decision support systems.



Written with both the academic and the practitioner in mind, this richly illustrated volume provides investors, economists, and financial advisors with a refined look at MPT, highlighting the rational decision-making and probability beliefs that are essential to creating and maintaining a successful portfolio today.
108.99


This product is unable to be ordered online. Please check in-store availability.
Enter your Postcode or Suburb to view availability and delivery times.

Other Titles by Harry Markowitz


You might also like

Crypto Confidential
36.99
36.99
_% Off
Die With Zero
32.99
32.99
_% Off
Xero For Dummies
39.95
31.95
20% Off
Think And Grow Rich
27.99
27.99
_% Off

RRP refers to the Recommended Retail Price as set out by the original publisher at time of release.
The RRP set by overseas publishers may vary to those set by local publishers due to exchange rates and shipping costs.
Due to our competitive pricing, we may have not sold all products at their original RRP.