Modern Portfolio Theory and Investment Analysis, Ninth Edition

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.

www.wiley.com/college/elton

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.