Portfolio Selection: Efficient Diversification of Investments

by Harry M. Markowitz

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.

Genres: Finance, Economics, Business, Nonfiction

400 pages, Hardcover

First published January 28, 1968

About the author

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 mathematics and computers to business practice.

Reviews

[Alexandre Oliveira]

Here Harry Markowitz demonstrate his brightness by creating a new subject mixing operations research, statistics, math and economics.

Any investment professional must read and have this book on the shelf, at least for historical reasons!

[David]

awesome book. won markowitz the Nobel, but doesn't seem to be worthy @ goodreads