19th out of 20 books — 25 voters
Portfolio Selection: Efficient Diversification of Investments
This is a classic book, representing the first major breakthrough in the field of modern financial theory. In effect, it created the mathematics of portfolio selection in a model which has turned out to be the indispensable building block from which the theory of the demand for risky securities is constructed.
Hardcover, 402 pages
Published August 26th 1991 by John Wiley & Sons
(first published January 28th 1968)
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Harry M. Markowitz, PhD, is a consultant in the area of finance. In 1990, he was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for his groundbreaking work in portfolio theory. In 1989, he received the John von Neumann Theory Prize of the Institute for Operations Research and the Management Sciences for his work in portfolio theory and other applications of math...moreMore about Harry M. Markowitz...