A01=William F. Sharpe
Arbitrage
Asset
Asset allocation
Asset management
At Best
Author_William F. Sharpe
Behavioral economics
Bendheim Center for Finance
Bribery
Budget
Capital asset pricing model
Capital market
Capital market line
Category=KCA
Category=KFFH
Category=KFFM
Determinant
Discounts and allowances
Diversification (finance)
Economic equilibrium
Economics
Economy
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eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
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Estimation
Finance
Financial adviser
Financial economics
Financial engineering
Financial planner
Financial services
Harry Markowitz
Income
Institutional investor
Investment
Investment Advice
Investment fund
Investment strategy
Investor
Law of one price
Lecture
Liability (financial accounting)
Marginal utility
Market maker
Market portfolio
Market price
Market value
Payment
Percentage
Portfolio optimization
Prediction
Present value
Price
Princeton University
Probability
Probability distribution
Reservation price
Retirement
Risk aversion
Risk premium
Salary
Saving
Security (finance)
Security market line
Sharpe ratio
Standard deviation
State of the World (book series)
Supply (economics)
Supply and demand
Swap (finance)
Trader (finance)
Transaction cost
Utility
Valuation (finance)
Value (economics)
Wealth
Product details
- ISBN 9780691138503
- Weight: 340g
- Dimensions: 152 x 235mm
- Publication Date: 21 Jul 2008
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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In Investors and Markets, Nobel Prize-winning financial economist William Sharpe shows that investment professionals cannot make good portfolio choices unless they understand the determinants of asset prices. But until now asset-price analysis has largely been inaccessible to everyone except PhDs in financial economics. In this book, Sharpe changes that by setting out his state-of-the-art approach to asset pricing in a nonmathematical form that will be comprehensible to a broad range of investment professionals, including investment advisors, money managers, and financial analysts. Bridging the gap between the best financial theory and investment practice, Investors and Markets will help investment professionals make better portfolio choices by being smarter about asset prices. Based on Sharpe's Princeton Lectures in Finance, Investors and Markets presents a method of analyzing asset prices that accounts for the real behavior of investors. Sharpe makes this technique accessible through a new, one-of-a-kind computer program (available for free on his Web site, at http://www.stanford.edu/~wfsharpe/apsim/index.html) that enables users to create virtual markets, setting the starting conditions and then allowing trading until equilibrium is reached and trading stops.
Program users can then analyze the final portfolios and asset prices, see expected returns, and measure risk. In addition to popularizing the most sophisticated form of asset-price analysis, Investors and Markets summarizes much of Sharpe's most important previous work and reflects a lifetime of thinking about investing by one of the leading minds in financial economics. Any serious investment professional will benefit from Sharpe's unique insights.
William F. Sharpe, winner of the 1990 Nobel Prize in economics, is STANCO 25 Emeritus Professor of Finance at Stanford University's Graduate School of Business. He is the author or coauthor of six books, including "Portfolio Theory and Capital Markets, Asset Allocation Tools", and "Fundamentals of Investments".
