{"product_id":"mean-variance-analysis-in-portfolio-choice-and-capital-markets-hardback-9781883249755","title":"Mean-Variance Analysis in Portfolio Choice and Capital Markets (Hardback) 9781883249755","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eMean-Variance Analysis in Portfolio Choice and Capital Markets\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003eHarry M. Markowitz (Author), G. Peter Todd (Author), William F. Sharpe (Foreword by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781883249755, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 28 February 2000\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e400 pages\u003cbr\u003e23.4 x 15.8 x 2.7 cm, 0.705 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eIn 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 efficient set problem in 1956 and presented it in the appendix to his 1959 book, Portfolio Selection. Though certain special cases of the general model have become widely known, both in academia and among managers of large institutional portfolios, the characteristics of the general solution were not presented in finance books for students at any level. And although the results of the general solution are used in a few advanced portfolio optimization programs, the solution to the general problem should not be seen merely as a computing procedure. It is a body of propositions and formulas concerning the shapes and properties of mean-variance efficient sets with implications for financial theory and practice beyond those of widely known cases. The purpose of the present book, originally published in 1987, is to present a comprehensive and accessible account of the general mean-variance portfolio analysis, and to illustrate its usefulness in the practice of portfolio management and the theory of capital markets. The portfolio selection program in Part IV of the 1987 edition has been updated and contains exercises and solutions.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eForeword.\u003cbr\u003e \u003cbr\u003e Preface to Revised Reissue.\u003cbr\u003e \u003cbr\u003e Preface.\u003cbr\u003e \u003cbr\u003e PART I: THE GENERAL PORTFOLIO SELECTION MODEL.\u003cbr\u003e \u003cbr\u003e 1. Portfolio Selection Models.\u003cbr\u003e \u003cbr\u003e 2. The General Mean-Variance Portfolio Selection Model.\u003cbr\u003e \u003cbr\u003e 3. Capabilities and Assumptions of the General Model.\u003cbr\u003e \u003cbr\u003e PART II: PRELIMINARY RESULTS.\u003cbr\u003e \u003cbr\u003e 4. Properties of Feasible Portfolio Sets.\u003cbr\u003e \u003cbr\u003e 5. Sets Involving Mean, Variance, and Standard Deviation.\u003cbr\u003e \u003cbr\u003e 6. Portfolio Selection Models with Affine Constraint Sets.\u003cbr\u003e \u003cbr\u003e PART III: SOLUTION TO THE GENERAL PORTFOLIO SELECTION MODEL.\u003cbr\u003e \u003cbr\u003e 7. Efficient Sets for Nondegenerate Models.\u003cbr\u003e \u003cbr\u003e 8. Getting Started.\u003cbr\u003e \u003cbr\u003e 9. Denegerate Cases.\u003cbr\u003e \u003cbr\u003e 10. All Feasible Mean-Variance Combinations.\u003cbr\u003e \u003cbr\u003e PART IV: SPECIAL CASES.\u003cbr\u003e \u003cbr\u003e 11. Canonical Form on the Two-Dimensional Analysis.\u003cbr\u003e \u003cbr\u003e 12. Conical Constraint Sets and Efficiency of the Market Portfolio.\u003cbr\u003e \u003cbr\u003e PART V: A PORFOLIO SELECTION PROGRAM.\u003cbr\u003e \u003cbr\u003e 13. Program Description (By G. Peter Todd).\u003cbr\u003e \u003cbr\u003e Appendix: Elements of Matrix Algebra and Vector Spaces.\u003cbr\u003e \u003cbr\u003e References.\u003cbr\u003e \u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52507208614168,"sku":"9781883249755","price":84.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781883249755.jpg?v=1786439737","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/mean-variance-analysis-in-portfolio-choice-and-capital-markets-hardback-9781883249755","provider":"Freshly Printed Books","version":"1.0","type":"link"}