Portfolio Theory and Capital Markets: The Original Edition [Hardcover]

William F. Sharpe (Author, Foreword), William Sharpe (Author)

Book Description

Publication Date: December 17, 1999

William Sharpe's influential Portfolio Theory and Capital Management is as relevant today as when it was first published in 1970. McGraw-Hill is proud to reintroduce tiffs hard-to-Find classic in its original edition. Dr. Sharpe's groundbreaking approach to the Capital Asset Pricing Model (CAPM) laid tile foundation for today's most important investment tools and theories, gave the investment world the stillvital Sharpe Ratio -- and made him the co-recipient of the 1990 Nobel Prize in Economics!

A new foreword helps place Dr. Sharpe's synthesis of portfolio and capital markets theories into today's financial environment, while his rules for the intelligent selection of investments tinder conditions of risk remain as fresh today as in 1970. Serious investors and students of finance will respect its history ... as they reabsorb its timeless lessons.

Editorial Reviews

Review

"Thirty years ago, Portfolio Theory and Capital Markets laid the groundwork for today's investment standards...Sharpe has written a new foreword that reintroduces this essential book--and places its lessons in meaningful context for modern investors throughout the world."

From the Back Cover

Winner of the 1990 Nobel Prize for Economics. The Classic Work That Taught a Generation How to Invest. From its early-1960s genesis as his doctoral dissertation topic, William Sharpe's Capital Asset Pricing Model (CAPM) became a linchpin of modern investment theory. By explaining that every investment carries two distinct risks--the systematic risk of being in the market along with the unsystematic risk related to a company's fortunes--the CAPM presented a quantifiable and sophisticated, yet understandable, model for measuring portfolio risk along with the return an investor can expect for taking that risk. Portfolio Theory and Capital Markets, published in 1970, introduced CAPM to a much wider audience and established Dr. Sharpe as a giant of financial thought. Today, McGraw-Hill proudly reintroduces the meticulously detailed Portfolio Theory and Capital Markets: The Original Edition. Virtually unchanged from the original edition, but with a new introduction from Dr. Sharpe to discuss the CAPM's impact and describe its place in today's markets, this edition is as important for its historical significance as for its still-vital treatment of investing and risk. William Sharpe's Portfolio Theory and Capital Markets was the first book to consolidate centuries of pricing and risk knowledge into one concise, easy-to-understand, and dramatically effective approach. Take this opportunity to add McGraw-Hill's classic collector's edition to your library, and rediscover why Dr. Sharpe's unprecedented insights into the uncertainties and interrelationships of pricing and risk hold as much

Product Details

• Hardcover: 316 pages
• Publisher: McGraw-Hill Trade (December 17, 1999)
• Language: English
• ISBN-10: 0071353208
• ISBN-13: 978-0071353205
• Product Dimensions: 9.6 x 6.6 x 1.4 inches
• Shipping Weight: 1.7 pounds
• Average Customer Review: 4.7 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #899,985 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

10 of 10 people found the following review helpful:

5.0 out of 5 stars A great book by a powerful mind, August 29, 2000

By 

Joe Tsou (Vancouver, BC, Canada) - See all my reviews
(REAL NAME)   

This review is from: Portfolio Theory and Capital Markets: The Original Edition (Hardcover)

This is the best intro to the basic of modern investment theory for everyone with high school math background. It acts like Feynman's lecture on Physics; concise, clear, readable, and original. Nobel winner Dr. Sharpe inspires readers to plunge into the study of portfolio theory. With the help of algorithm in appendix, readers can do their experimental calculations. Highly recommended.

2 of 2 people found the following review helpful:

5.0 out of 5 stars It's a excellent portfolio theory and capital markets book., August 21, 2002

By A Customer

This review is from: Portfolio Theory and Capital Markets: The Original Edition (Hardcover)

This is a excellent book because it is very easy to understand the text. Professor Sharpe used a lot of figures to describe thr concepts and he did not use the rigor math to analyse ideas thereofore this is a very good introductory book for the economics and finance areas. If you have the intermediate microeconomics and basic statistics knowledge you can read it easily. I strongly recommend everyone who majors in the Economics and Finance to buy this book. No one should miss it.

3 of 4 people found the following review helpful:

4.0 out of 5 stars Nice one for the Investment, July 4, 2001

By A Customer

This review is from: Portfolio Theory and Capital Markets: The Original Edition (Hardcover)

It is a great book for the one wants to know the investment better...and the writer does give us concise idea of how to calculate the payoff of the portfolio...The writer is a Nobel prize winner and one of the pioneer in the finance...I guess everyone, who wants to know the idea of Investment, should and have to read it more than once....