Portfolio Theory and Capital Markets
"The CAPM rattled investment professionals in the 1960s and its commandingimportance still reverberates today." --Dow Jones Asset Management. Nearly 30years ago, PORTFOLIO THEORY AND CAPITAL MARKETS laid the groundwork for suchinvestment standards as modern portfolio theory, derivatives pricing andinvestment, and equity index funds, among others. By providing invaluableinsights into the Capital Asset Pricing Model (CAPM), Dr. William Sharpeassured myself a position as one of the most influential financial minds ofthe twentieth century. Now, in the carefully crafted PORTFOLIO THEORY ANDCAPITAL MARKETS, THE ORIGINAL EDITION, readers have the opportunity torediscover Dr. Sharpe's genius. With its discussions of how financial marketsshould act--and if they act as expected, how investors should respond--itsvalue to today's investor is perhaps greater than at any time in the past.Investors, portfolio managers, business people, and others who have relied onDr. Sharpe's findings for over 30 years will discover strategies and tacticsthey previously overlooked. Students and others new to Sharpe's work willinstantly discover its logic and value. PORTFOLIO THEORY AND CAPITAL MARKETS,THE ORIGINAL EDITION, complete with a new foreword written by Dr. Sharpe,reintroduces this essential book, places its lessons in a meaningful contextfor modern investors throughout the world, and provides timeless insights thatare well worth revisiting today.