Modern Portfolio Theory and Investment Analysis, 8ed

An excellent resource for investors, this book examines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. The majority of chapters have been revised or changed in this edition. A new chapter on behavioral finance has been added to explore the nature of individual decision making. A new chapter has also been added on forecasting expected returns, a key input to portfolio management. In addition, investors will find new material on value at risk and the use of simulation to enhance their understanding of the field.