Inscribed by Nobel Prize Winning Economist Harry Markowitz

  • Portfolio Selection.

Portfolio Selection.


Item Number: 2688

Cambridge: Blackwell, 1991.

Second edition of the economist’s ground breaking work. Octavo, original black cloth. Inscribed by the author, “Dear Mike: Thank you for your interest and attention. Best Wishes Harry Markowitz.” In near fine condition, without the dust jacket.

"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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