Portfolio Theory and Capital Markets

William Sharpes 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. Sharpes groundbreaking approach to the Capital Asset Pricing Model (CAPM) laid tile foundation for todays 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. Sharpes synthesis of portfolio and capital markets theories into todays 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.