Product Description

Stressing the economic intuition behind the subject matter, this classic text presents advanced concepts of investment analysis and portfolio management. New to this edition: two institutional chapters on financial securities and financial markets; sections on the uses of Arbitrage Pricing Theory, the performance of international funds, bond management and multi–index models in portfolio evaluation; many new examples; a totally updated international diversification chapter plus an interactive portfolio analysis software program that allows readers to perform almost all the text analyses in a Windows–based environment.

Product Details

• Amazon Sales Rank: #389819 in Books
• Published on: 1995-03-15
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 736 pages

Customer Reviews

Modern Portfolio Theory and Investment Analysis
This is a good book for someone wanting to get a good understanding of the technical aspects of the portfolio theory. It tends to explain the concepts clearly rather than just put in the techinal formulas and is really good for someone wanting to understand the techinal side of the investment theory without wanting to be bogged down with calculas.

A good all-round review
Unlike the other review, I found this book very useful although some of the subtleties in what it was explaining only really came out when I worked through the methodology by hand in parallel with the book. However having done that I felt much better informed. In terms of describing the construction of efficient portfolios, it is the best treatment I have seen.

Modern Portfolio Theory and Investment Analysis review
This book focuses on the application of mathematics and statistics to compile an investment portfolio. It covers a wide range of assets. It also gives valuation methods and considers characteristics of each valuation method and asset. It's written so that people with little statistical knowledge can follow difficult topics, but also delves a bit deeper for someone who wants to know the nitty gritty details.

I would recommend this book to anyone who is interested in investment and want to understand the way investments work.