{"product_id":"9780071830096","title":"Risk-Return Analysis, Volume 2: The Theory and Practice of Rational Investing","description":"\u003cb\u003eAuthor(s): Markowitz, Harry M.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb style=\"mso-bidi-font-weight: normal\"\u003e\u003ci style=\"mso-bidi-font-style: normal\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"'\u003eThe \u003c\/span\u003e\u003c\/i\u003e\u003c\/b\u003e\u003cb\u003e\u003ci style=\"mso-bidi-font-style: normal\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"; COLOR: black; mso-fareast-font-family: \"Times New Roman\"; mso-themecolor: text1'\u003eNobel Prize-winning Father of Modern Portfolio Theory returns with new insights on his classic work to help you build a lasting portfolio today\u003c\/span\u003e\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"; COLOR: black; mso-fareast-font-family: \"Times New Roman\"; mso-themecolor: text1'\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"'\u003e\u003c\/span\u003e\u003c\/span\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"; COLOR: black; mso-fareast-font-family: \"Times New Roman\"; mso-themecolor: text1'\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"'\u003eContemporary investing as we know it would not exist without these two words: “Portfolio selection.” Though it may not seem revolutionary today, the concept of examining and purchasing many diverse stocks—creating a portfolio—changed the face of finance when Harry M. Markowitz devised the idea in 1952.\u003c?xml:namespace prefix = \"o\" ns = \"urn:schemas-microsoft-com:office:office\" \/\u003e\u003cp\u003e\u003c\/p\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"'\u003e\u003cp\u003e \u003c\/p\u003e\u003c\/span\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt; TEXT-AUTOSPACE: ; mso-pagination: none; mso-layout-grid-align: none\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"'\u003eIn the past six decades, Markowitz has risen to international acclaim as the father of Modern Portfolio Theory (MPT), with \u003c\/span\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"; BACKGROUND: white; COLOR: #222222; mso-fareast-font-family: \"Times New Roman\"'\u003ehis evaluation of the impact of\u003c\/span\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"'\u003e asset risk, diversification, and correlation in the risk-return tradeoff. In defending the idea that portfolio risk was essential to strategic asset growth, he showed the world how to invest for the long-run in the face of any economy. \u003cp\u003e\u003c\/p\u003e\u003c\/span\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt; TEXT-AUTOSPACE: ; mso-pagination: none; mso-layout-grid-align: none\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"'\u003e\u003cp\u003e \u003c\/p\u003e\u003c\/span\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt; TEXT-AUTOSPACE: ; mso-pagination: none; mso-layout-grid-align: none\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"'\u003eIn \u003ci style=\"mso-bidi-font-style: normal\"\u003eRisk Return Analysis\u003c\/i\u003e, this groundbreaking four-book series, the legendary economist and Nobel Laureate returns to revisit his masterpiece theory, discuss its developments, and prove its vitality in the ever-changing global economy. Volume 2 picks up where the first volume left off, with Markowitz’s personal reflections and current strategies. In this volume, Markowitz focuses on the relationship between single-period choices—now—and longer run goals. He discusses dynamic systems and models, the asset allocation “glide-path,” inter-generational investment needs, and financial decision support systems.\u003cp\u003e\u003c\/p\u003e\u003c\/span\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cspan style=\"FONT-SIZE: 14pt\"\u003e\u003cp\u003e\u003cfont face=\"Cambria\"\u003e \u003c\/font\u003e\u003c\/p\u003e\u003c\/span\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"; COLOR: black; mso-themecolor: text1'\u003eWritten with both the academic and the practitioner in mind, this richly illustrated volume provides investors, economists, and financial advisors with a refined look at MPT, highlighting the rational decision-making and probability beliefs that are essential to creating and maintaining a successful portfolio today. \u003c\/span\u003e\u003cspan style=\"FONT-SIZE: 14pt; COLOR: black; mso-themecolor: text1\"\u003e\u003cp\u003e\u003c\/p\u003e\u003c\/span\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb\u003e\u003ci style=\"mso-bidi-font-style: normal\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"; COLOR: black; mso-fareast-font-family: \"Times New Roman\"; mso-themecolor: text1'\u003e\u003c\/span\u003e\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb\u003e\u003ci style=\"mso-bidi-font-style: normal\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"; COLOR: black; mso-fareast-font-family: \"Times New Roman\"; mso-themecolor: text1'\u003e\u003c\/span\u003e\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb\u003e\u003ci style=\"mso-bidi-font-style: normal\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"; COLOR: black; mso-fareast-font-family: \"Times New Roman\"; mso-themecolor: text1'\u003e\u003c\/span\u003e\u003c\/i\u003e\u003c\/b\u003e\u003cb style=\"mso-bidi-font-weight: normal\"\u003e\u003ci style=\"mso-bidi-font-style: normal\"\u003e\u003cspan style='FONT-SIZE: 14pt; FONT-FAMILY: \"Times New Roman\",\"serif\"'\u003e\u003cp\u003e\u003c\/p\u003e\u003c\/span\u003e\u003c\/i\u003e\u003c\/b\u003e \u003c\/p\u003e\n\n\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eEAN: 9780071830096\u003cbr\u003e\u003cbr\u003eAge Group:  \u003cbr\u003e\u003cbr\u003eNumber of Pages: 400\u003cbr\u003e\u003cbr\u003eWeight: 703.1 gr\u003cbr\u003e\u003cbr\u003e","brand":"McGraw Hill","offers":[{"title":"Hardback","offer_id":43845800755438,"sku":"9780071830096","price":99.48,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/9780071830096_b3447486-0721-4e48-bc9a-245aeba4d095.jpg?v=1671237472","url":"https:\/\/bookland.com.au\/products\/9780071830096","provider":"Book Land AU","version":"1.0","type":"link"}