Modern Portfolio Theory and Investment Analysis

by Edwin J. Elton, Martin J. Gruber

This new edition of the popular undergraduate text examines the characteristics and analysis of individual securities along with the theory and practice of combining securities into portfolios. Changes in this edition include a new chapter on valuation, financial futures and substantial updating reflecting recent changes in theory. Details the theory of modern portfolio analysis and discusses the differences between portfolios and the individual securities from which they are formed. Describes the equilibrium in capital markets, and reviews the characteristics and evaluation of individual securities, including their market efficiency, the valuation of common stocks, valuation of bonds, nature and valuation of options, and the valuation and uses of futures. Concludes with a discussion of the evaluation of the investment analysis and portfolio management process, stressing techniques for evaluating every stage of the investment process.

Genres: Finance, Economics, Business, Textbooks, Academic, Money

672 pages, Hardcover

First published January 1, 1980

Reviews

[Parmeeta]

Best book to get understanding in very easy understanding all about Portfolio Theory and Investment Analysis.

Best to go for it if you are stragling to finish your course of Porfolio analysis at last days of your exams ha ha ha.............)

[John Moran]

I hate this book with a passion it’s wordy boring makes fuck all sense and tortured me for an entire semester of uni it’s going in the good reads because of how much I hated the subject and how much physical effort it took to read

[Thomas Haynes]

Okay guys, textbooks are wordy, I get that. But I have love for the authors who can modify the writing to make it either save me time or make the learning process more exciting. I don’t regret this, but I surely do not enjoy it. While I think it’s premature for me to judge material and concepts, these definitely made my Investment Analysis 2 class feel like a piece of cake, with a lot of translatable ideology.

[Alfian]

this book provides a description of securities and market with detailed presentation of the theory of modern portfolio analysisi.

[Gianti]

a very very challenging book..

[Erick]

If you need Extra care to your portfolio. Read this book!