Make us homepage
Add to Favorites
FAIL (the browser should render some flash content, not this).

Main page » Non-Fiction » Economics and Management » The Capital Asset Pricing Model


The Capital Asset Pricing Model

 

This free book and Exercises evaluate Modern Portfolio Theory (Markowitz, CAPM, MM and APT) for future study. From the original purpose of MPT through to asset investment by management, we learn why anybody today with the software and a reasonable financial education can model portfolios. However, one lesson from the 2007 meltdown is that computer driven models are so complex that hardly anybody understands what is going on. Returning to first principles, we learn why investors and not their computers should always interpret their results. Moreover, MPT is a guide to action and not a substitute. Investors should understand the models that underpin the computer programmes they run.



Purchase The Capital Asset Pricing Model from Amazon.com
Dear user! You need to be registered and logged in to fully enjoy Englishtips.org. We recommend registering or logging in.


Tags: should, their, computer, models, anybody, learn, Capital