Beyond the Basics: Unveiling the Complexities of Risk-Return Relationships
Unveiling the Complexities of Risk-Return Relationships
Published on 1. June 2024
Book
Paperback/Softback
92 pages
978-3-384-24605-9 (ISBN)
Description
The merge between ?nancial theory and practical investing was greatly observed in the 1950s and 1960s, with the formulation of portfolio theory by Markowitz (1952) and later on the Capital Asset Pricing Model of Sharpe (1964) and Lintner (1965) which was built on the basis portfolio theory. Current ?nancial theory is based on three critical assumptions which are (i) market ef?cieny, (ii) there are arbitrage opportunities for investors and (iii) rationality of investors. The Markowitz the-ory of Markowitz (1952) is a theory that aims to optimize expected discounted re-turns in an investment at a minimum variance, thus achieving an ef?cient frontier for portfolio selection based on the "expected returns - variance of returns" rule. Markowitz (1952) further suggests that there is need for a probabilistic formulation of security analysis and outlines that better methods that account for more infor-mation can be found.
More details
Language
English
Place of publication
hy
Germany
Target group
This title targets investors (or those wanting to be) who grasp the risk-return concept but seek a deeper understanding of its nuances and challenges.
Product notice
Unsewn / adhesive bound
Dimensions
Height: 234 mm
Width: 155 mm
Thickness: 7 mm
Weight
171 gr
ISBN-13
978-3-384-24605-9 (9783384246059)
Schweitzer Classification
Person
Author
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