Modern Portfolio Theory and Investment Analysis

Modern Portfolio Theory and Investment Analysis, Ninth Edition Authors Edwin J. Elton Martin J. Gruber Stephen J. Brown William N. Goetzmann Modern Portfolio Theory and Investment Analysis, Ninth Edition, examines the characteristics and analysis of individual securities, as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management. The authors present material that captures the state of modern portfolio analysis, general equilibrium theory, and investment analysis in an accessible and intuitive manner. New to this edition Real-world examples are integrated throughout to reinforce important concepts. A new chapter has been added to describe changing conditions in the mutual fund industry. Mathematical proofs can be found in the footnotes, appendices, and specially noted sections of the text in order to enhance student application. Modern Portfolio Theory and Investment Analysis, 9e examines the characteristics and analysis of individual securities, as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management. The authors present material that captures the state of modern portfolio analysis, general equilibrium theory, and investment analysis in an accessible and intuitive manner.