Portfolio Selection: Efficient Diversification of Investments

✍ Scribed by Harry M. Markowitz

• Publisher: Yale University Press
• Year: 2008
• Tongue: English
• Leaves: 367
• Category: Library

✦ Synopsis

Applies modern techniques of analysis and computation to the problem of finding combinations of securities that best meet the needs of the private institutional investor. Written primarily with the nonmathematician in mind, although it contains mathematical development of the subject in appendixes.

✦ Table of Contents

Contents
Preface to the Second Printing
Preface
Part I. Introduction and Illustrations
1. Introduction
2. Illustrative Portfolio Analyses
Part II. Relationships Between Securities and Portfolios
3. Averages and Expected Values
4. Standard Deviations and Variances
5. Investment in Large Numbers of Securities
6. Return in The Long Run
Part III. Efficient Portfolios
7. Geometric Analysis of Efficient Sets
8. Derivation of E, V Efficient Portfolios
9. The Semi-Variance
Part IV. Rational Choice Under Uncertainty
10. The Expected Utility Maxim
11. Utility Analysis Over Time
12. Probability Beliefs
13. Applications to Portfolio Selection
Bibliography
A. The Computation of Efficient Sets
B. A Simplex Method for Portfolio Selection
C. Alternative Axiom Systems for Expected Utility
Index
Cowles Foundation Monographs