《Portfolio Theory As I Still See It》.pdfVIP

Portfolio Theory: As I Still See It Harry M. Markowitz g Harry Markowitz Company, San Diego, California 92109; r o s. email: HarryHMM@ w e i v e r . l y a l u n n o n a e . s w u w l a w n o s m r o e r p f r d o e F d a . o 2 l 1 n / w 4 1 o / D 6 0 3. n 2 o 1- y t : i 2 s . r 0 e 1 v 0 i n 2 . U n g o n c i Annu. Rev. Financ. Econ. 2010. 2:1–23 E k Key Words . e n P i y First published online as a Review in Advance on F. b MPT, Friedman-Savage, prospect theory, stochastic dominance, v September 29, 2010 e capital asset pricing model R . The Annual Review of Financial Economics is u n online at n Abstract A This article’s doi: This essay summarizes my views on (a) the foundations of portfolio 10.1146/annurev-financial-011110-134602 theory and its applications to current issues, such as the choice of Copyright © 2010 by Annual Reviews. criteria for practical risk-return analysis, and whether some form of All rights reserved risk-return