Risk-Return Analysis Volume 2

<p><b><i><span>The </span></i></b><b><i><span>Nobel Prize-winning Father of Modern Portfolio Theory returns with new insights on his classic work to help you build a lasting portfolio today</span></i></b></p><p><span><span></span></span></p><p><span><span>Contemporary investing as we know it would not exist without these two words: Portfolio selection. Though it may not seem revolutionary today the concept of examining and purchasing many diverse stocks-creating a portfolio-changed the face of finance when Harry M. Markowitz devised the idea in 1952.</span></span></p><p><span> </span></p><p><span>In the past six decades Markowitz has risen to international acclaim as the father of Modern Portfolio Theory (MPT) with </span><span>his evaluation of the impact of</span><span> asset risk diversification and correlation in the risk-return tradeoff. In defending the idea that portfolio risk was essential to strategic asset growth he showed the world how to invest for the long-run in the face of any economy. </span></p><p><span> </span></p><p><span>In <i>Risk Return Analysis</i> this groundbreaking four-book series the legendary economist and Nobel Laureate returns to revisit his masterpiece theory discuss its developments and prove its vitality in the ever-changing global economy. Volume 2 picks up where the first volume left off with Markowitz's personal reflections and current strategies. In this volume Markowitz focuses on the relationship between single-period choices-now-and longer run goals. He discusses dynamic systems and models the asset allocation glide-path inter-generational investment needs and financial decision support systems.</span></p><p><span><font> </font></span></p><p><span>Written with both the academic and the practitioner in mind this richly illustrated volume provides investors economists and financial advisors with a refined look at MPT highlighting the rational decision-making and probability beliefs that are essential to creating and maintaining a successful portfolio today. </span><span></span></p><p></p><p><b><i><span></span></i></b></p><p><b><i><span></span></i></b></p><p><b><i><span></span></i></b><b><i><span></span></i></b></p>