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Jack Clark Francis and Dongcheol Kim Modern Portfolio Theory ISBN 978-1-118-37052-0, pp 554 John Wiley & Sons, Inc Hoboken, New Jersey, U.S.A. Price US$95; UK£65, Canadian $114
Modern Portfolio Theory (MPT) which was introduced by Harry Markowitz's seminal paper "Portfolio Selection" over sixty years ago, has stood the test of time, Markowitz won Nobel Prize for introducing portfolio theory, followed by Professors James Tobin (Yale) and Bill Sharpe (Stanford) who won Nobel Prizes for important extensions to Markowitz's original model. Today, the theory has grown to impact every aspect of academic finance and many parts of economics. This book, Modern Portfolio Theory, presents a comprehensive picture of modern portfolio theory in a manner that can be used by undergraduate and graduate students and finance practitioners.
While this book uses mathematical and statistical explanations...