Portfolio Selection: Efficient Diversification of Investments.

£2,750 · Offered by Maggs Bros Ltd

“Modern portfolio theory gives a rigorous mathematical justification for the time honoured 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 minimise risk” (Burton G. Malkiel). Markowitz was awarded the 1990 Nobel Prize in Economic Sciences for his “pioneering work in the theory of financial economics” and “for having pioneering the theory of portfolio choice”.

• Year: 1959

Found via Rare Books Intel, a search across rare-book dealers, auction houses and marketplaces worldwide.