Portfolio Selection.
MARKOWITZ, Harry M.
Portfolio Selection.
Signed by Harry Markowitz
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Item Number: 1688
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First edition, later printing of the re-issue of Markowitz’s ground breaking work. Octavo, original black cloth. Fine in a fine dust jacket. Inscribed by the author.
"Modern portfolio theory gives a rigorous mathematical justification for the time honored investment maxim that diversification is a sensible strategy for individuals who wish to reduce their risks. Invented in the 1950s by Harry Markowitz in this book, the theory provides a firm foundation for the intuition that you should not put all your eggs in one basket and shows investors how to combine securities to minimize risk." (Burton G. Malkiel)
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