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An excellent resource for investors, Modern Portfolio Theory and Investment Analysis, 9th Edition examines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. A chapter on behavioral finance is included, aimed to explore the nature of individual decision making. A chapter on forecasting expected returns, a key input to portfolio management, is also included. In addition, investors will find material on value at risk and the use of simulation to enhance their understanding of the field.

Modern Portfolio Theory and Investment Analysis

• Title Page


• Copyright


• Dedication


• About the Authors


• New to the 9th Edition


• Preface


• Contents


• Part 1: Introduction


• Chapter 1: Introduction


• Outline of the Book


• The Economic Theory of Choice: An Illustration under Certainty


• Conclusion


• Multiple Assets and Risk


• Questions and Problems


• Bibliography


• Chapter 2: Financial Securities


• Types of Marketable Financial Securities


• The Return Characteristics of Alternative Security Types


• Stock Market Indexes


• Bond Market Indexes


• Conclusion


• Chapter 3: Financial Markets


• Trading Mechanics


• Margin


• Markets


• Trade Types and Costs


• Conclusion


• Part 2: Portfolio Analysis


• Section 1: Mean Variance Portfolio Theory


• Chapter 4: The Characteristics of the Opportunity Set under Risk


• Determining the Average Outcome


• A Measure of Dispersion


• Variance of Combinations of Assets


• Characteristics of Portfolios in General


• Two Concluding Examples


• Conclusion


• Questions and Problems


• Bibliography


• Chapter 5: Delineating Efficient Portfolios


• Combinations of Two Risky Assets Revisited: Short Sales Not Allowed


• The Shape of the Portfolio Possibilities Curve


• The Efficient Frontier with Riskless Lending and Borrowing


• Examples and Applications


• Three Examples


• Conclusion


• Questions and Problems


• Bibliography


• Chapter 6: Techniques for Calculating the Efficient Frontier


• Short Sales Allowed with Riskless Lending and Borrowing


• Short Sales Allowed: No Riskless