- Shopping Bag ( 0 items )
From the Publisher"Modern portfolio theory gives a rigorous mathematicaljustification for the time honored investment maxim thatdiversification is a sensible strategy for individuals who wish toreduce their risks. Invented in the 1950s by Harry Markowitz inthis book, the theory provides a firm foundation for the intuitionthat you should not put all your eggs in one basket and showsinvestors how to combine securities to minimize risk." Butron GMalkiel, author of "A Random Walk Down Wall Street"
"In every field of study it is possible to lookback and identify a person or event that caused a major change inthe direction or development of the field. In investments it isclear that the seminal work by Harry Markowitz on portfolio theorychanged the field more than any other single event." Frank K.Reilly, University of Notre Dame, Indiana