Not a member?     Existing members login below:

Business Textbooks Ebooks

Portfolio Theory and Investment Analysis

Portfolio Theory and Investment Analysis

Downloads: 383

Published: 2 years ago

Rating: Rated: 3 times Rate It

  • 1 star
  • 2 stars
  • 3 stars
  • 4 stars
  • 5 stars

Author: Robert Alan Hill

Book Description Report this book

This book evaluates the origins of Modern Portfolio Theory (MPT) as a guide for further study. Based on the pioneering work of Harry Markowitz and John Tobin we learn how anybody with today’s software and a reasonable financial education can model risky investment portfolios. But one lesson from the 2007 banking and 2010 euro crises is that computer driven models can be so complex that investors may not interpret their results correctly. Returning to first principles, we therefore explain why MPT is only a guide to action and program trading is no substitute for human judgement. Investors should always understand the models that underpin their analyses.

ABOUT THE AUTHOR

Robert Alan Hill

With an eclectic record of University teaching, research, publication, consultancy and curricula development, underpinned by running a successful business, Alan has been a member of national academic validation bodies and held senior external examinerships and lectureships at both undergraduate and postgraduate level in the UK and abroad. With increasing demand for global e-learning, his attention is now focussed on the free provision of a financial textbook series, underpinned by a critique of contemporary capital market theory in volatile markets, published by bookboon.com. To contact Alan, please visit Robert Alan Hill at www.linkedin.com.

Other books by author...

You may also like...

  • Rhetoric and Practice of Reward Management
    Rhetoric and Practice of Reward Management Business Textbooks by Rosario Longo
    Rhetoric and Practice of Reward Management
    Rhetoric and Practice of Reward Management

    Reads:
    143

    Pages:
    510

    Published:
    Aug 2014

    Theory without practice is sterile, practice without theory is futile. There is nothing as practical as a good theory. Reward practitioners need to know all o...

    Formats: PDF, Epub, Kindle, TXT

  • Business Ethics
    Business Ethics Business Textbooks by Jose A. Cruz-Cruz, William Frey
    Business Ethics
    Business Ethics

    Reads:
    353

    Pages:
    249

    Published:
    Jan 2014

    This module poses an ethical dilemma, that is, a forced choice between two bad alternatives. Your job is to read the scenario and choose between the two horns...

    Formats: PDF

  • Project Management 101
    Project Management 101 Business Textbooks by Linh Luong
    Project Management 101
    Project Management 101

    Reads:
    702

    Pages:
    327

    Published:
    Dec 2013

    A textbook on the basic principles of project management containing topics on the history of project management, project management defined, project life cycl...

    Formats: PDF, Epub, Kindle

  • The Theory of Business Enterprise
    The Theory of Business Enterprise Business Textbooks by Thorstein Veblen
    The Theory of Business Enterprise
    The Theory of Business Enterprise

    Reads:
    224

    Pages:
    137

    Published:
    Dec 2013

    A textbook on business enterprise containing topics on the aims, motives, and means that condition current business traffic with emphasis given to the feasib...

    Formats: PDF, Epub

Remove