Description: Risk-Return Analysis: The Theory and Practice of Rational Investing (Volume One) by Kenneth Blay, Harry Markowitz Estimated delivery 4-14 business days Format Hardcover Condition Brand New Description Demonstrates why MPT never became ineffective during the crisis, and how you can continue to reap the rewards of managed diversification into the future. This book arms you with concrete steps to accurately select and apply the right risk measures in a given circumstance. Publisher Description The two most important words Harry Markowitz ever wrote are "portfolio selection." In 1952, when everyone in the stock market was looking for the next hot stock, as a doctoral candidate, he proposed to look at many, diverse stocks--a portfolio. He laid the first cornerstone of Modern Portfolio Theory and defended the idea that strategic asset growth means factoring in the risk of an investment. More than 60 years later, the father of modern finance revisits his original masterpiece, describes how his theory has developed, and proves the vitality of hisrisk-return analysis in the current global economy.Risk-Return Analysis opens the door to agroundbreaking four-book series giving readers a privileged look at the personal reflections and current strategies of a luminary in finance. This first volume is Markowitzs response to what he calls the "Great Confusion" that spread when investors lost faith in the diversification benefits of MPT during the financial crisis of 2008. It demonstrates why MPT never became ineffective during the crisis, and how you can continue to reap the rewards of managed diversification into the future. Economists and financial advisors will benefit from the potent balance of theory and hard data on mean-variance analysis aimed at improving decision-making skills. Written for the academic and the practitioner withsome math skills (mostly high school algebra), this richly illustrated guide arms you with:Concrete steps to accurately select and apply the right risk measures in a given circumstanceRare surveys of a half-century of literature covering the applicability of MPTEmpirical data showing mean and riskmeasure used to maximize return in the long termPRAISE FOR RISK-RETURN ANALYSIS"Harry Markowitz invented portfolio analysis and presented the theory in his famous 1952 article and 1959 book. Nobody has greater insight into the process than Harry. No academic or practitioner can truly claim to understand portfolio analysis unless they have read this volume." -- Martin J. Gruber, Professor Emeritus and Scholar in Residence, Stern School of Business, New York University"Surveying the vast literature inspired by [Markowitzs] own 1959 book has stimulated an outpouring of ideas. He builds on the strengths and limitations of the important papers in order to come up with a position that should silence a lot of critics." -- Jack Treynor, President, Treynor Capital Management"The authors do not overlook various criticisms of the MPT, but rather address them convincingly. This excellent book is an essential reference for academics and practitioners alike." -- Haim Levy, Miles Robinson Professor of Finance, Hebrew University, Jerusalem, Israel"Markowitzs groundbreaking publications on Portfolio Selection prescribe a methodology that a rational decision-maker can follow to optimize his investment portfolio in a risky world. . . . Thischallenging new book clarifies many common misconceptions about modern portfolio theory." -- Roger C. Gibson, author of Asset Allocation and Chief Investment Officer, Gibson Capital, LLC"Contain[s] great wisdom that every economist, portfolio manager, and investor should savor page by page." -- Andrew W. Lo, Charles E. and Susan T. Harris Professor and Director, Laboratory for Financial Engineering, MIT Sloan School of Management"[Markowitzs] monumental work in the 1950s would be sufficient to qualify as a lifetime achievement for most mortals, but he keeps spouting fresh insights like lightning flashes year after year, and penetrating ever deeper into the theory, mathematics, and practice of investing." -- Martin Leibowitz, Managing Director, Global Research Strategy, Morgan Stanley"Risk–Return Analysis is a wonderful work in progress by a remarkable scholar who always has time to read what matters, who has the deepest appreciation of scientific achievement, and who has the highest aspirations for the future." -- Enterprising Investor (CFA Institute) Author Biography Harry M. Markowitz is president of Harry Markowitz Co. in San Diego. In 1990, he was jointly awarded the Nobel Prize for economics with Merton Miller and William Sharpe. Details ISBN 007181793X ISBN-13 9780071817936 Title Risk-Return Analysis: The Theory and Practice of Rational Investing (Volume One) Author Kenneth Blay, Harry Markowitz Format Hardcover Year 2013 Pages 272 Publisher McGraw-Hill Education - Europe GE_Item_ID:76893520; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. 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Price: 76.82 USD
Location: Calgary, Alberta
End Time: 2025-01-06T06:03:52.000Z
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Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
ISBN-13: 9780071817936
Type: NA
Publication Name: NA
Book Title: Risk-Return Analysis: the Theory and Practice of RATIONAL Investing (Volume One) Vol. 1
Number of Pages: 272 Pages
Language: English
Publisher: Mcgraw-Hill Education
Topic: Investments & Securities / Portfolio Management, Investments & Securities / Analysis & Trading Strategies, General, Investments & Securities / General
Publication Year: 2013
Item Height: 0.9 in
Illustrator: Yes
Genre: Business & Economics
Item Weight: 18.8 Oz
Item Length: 9.3 in
Author: Kenneth Blay, Harry M. Markowitz
Item Width: 6.5 in
Format: Hardcover
