Description
PEARSON INDIA Modern Investment Theory 5Th Edition by ROBERT A HAUGEN
The book differentiates itself in the following respects: -
ll First, the coverage of portfolio theory is complete and detailed, covering four chapters including a unique graphical explanation of the Markowitz procedure, as well as a new chapter on asset allocation using comprehensive simulations with real data.
ll Second, extensive coverage is given to the issues related to capital asset pricing. The capital asset pricing model is covered in great detail. Emphasis is given to discriminating between the properties of the model that derive from economics and the properties that derive from definitional identities.