Journal of Financial and Quantitative Analysis Vol. 41 No. 4 2006
JFQ volume 41 issue 4 Back matter
Abstract
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. Sharpe sets 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. This method of analyzing asset prices 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, www.wsharpe.com) 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. Any serious investment professional will benefit from Sharpe's unique insights.
- DOI
- 10.1017/s0022109000002611
- Volume
- 41
- Issue
- 4
- Pages
- b1-b12
- Language
- en
- Sources
- openalex crossref