Investors and Markets: Portfolio Choices, Asset Prices, and Investment Advice (Princeton Lectures in Finance)

William F. . He is the author or coauthor of six books, including "Portfolio Theory and Capital Markets, Asset Allocation Tools", and "Fundamentals of Investments". Sharpe, winner of the 1990 Nobel Prize in economics, is STANCO 25 Emeritus Professor of Finance at Stanford University's Graduate School of Business

But until now asset-price analysis has largely been inaccessible to everyone except PhDs in financial economics. Any serious investment professional will benefit from Sharpe's unique insights.. Program users can then analyze the final portfolios and asset prices, see expected returns, and measure risk. 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. 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. 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. 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. 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

Sharpe says he found a better way for portfolio managers and business-school students to learn about how portfolios are constructed and securities are priced. I highly recommend this book, particularly for planners interested in understanding the theory behind the advice that we give."--NAPFA Advisor"Sharpe's book has much that is good: setting out complex issues such as the capital-asset pricing model and market risk/reward theorem in readily understandable terms, showing the importance of trading. Sharp

I found the book investors and markets very good at explaining how markets work and how to build I found the book investors and markets very good at explaining how markets work and how to build a portfolio for your risk.. Good book but not for everyone Investors and Markets is written by Bill Sharpe, who is most known for the development of the widely-used Capital Asset Pricing Model (CAPM) which earned him the Nobel Prize. In this book, he attempts to bring to MBAs the material that is being taught to PhDs. He begins by saying that MBAs are taught the mean-variance framework (developed by Harry Markowitz) and PhDs are taught the state-preference approach (developed by Ken Arrow and Gerard Debreu). As a start, the reader should realize that this goal is ambitious and this is probably why this is one of the rare (maybe even the only book) that attempts to do this.Mean-variance a. "Normative Issues in a Positive Context" William Sharpe, who really needs no introduction, has made major contributions to some of the most influential discoveries in financial economics. From his parsimonious diagonal model which simplified the use of Markowitz' normative (prescribing how investors should behave) mean/variance approach to portfolio choice to the positive (describing how investors actually behave) Capital Asset Pricing Model, Professor Sharpe clearly approaches -- even from his earliest investigations - financial economics from a pragmatic perspective. Of course that work contributed to his selection in 1990 as a co-recipient (along with Harry Markowitz