Modern Portfolio Theory and Investment Analysis by Edwin J. Elton, Martin J. Gruber, Stephen J. Brown, William N. Goetzmann, 0471238546, Lowest Book Price Finder

Customer Reviews:

Modern Portfolio Theory and Investment Analysis

This is a good book for someone wanting to get a good understanding of the technical aspects of the portfolio theory. It tends to explain the concepts clearly rather than just put in the techinal formulas and is really good for someone wanting to understand the techinal side of the investment theory without wanting to be bogged down with calculas.

A good all-round review

Unlike the other review, I found this book very useful although some of the subtleties in what it was explaining only really came out when I worked through the methodology by hand in parallel with the book. However having done that I felt much better informed. In terms of describing the construction of efficient portfolios, it is the best treatment I have seen.

for advanced learners only

After a careful readthrough of this book, I have come to the conclusion that it is not very educational. The lack of examples in the book are crusial to the understanding of the important theory, especially within certain areas.

As a overall comment it is not very well written. The language used is cryptic and not very direct and forward. This would otherwise be features that would be preferable for a book in this caliber, to present something very essetial to finance theory.

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