Modern Portfolio Theory, 1950 to Date

37 Pages Posted: 4 Nov 2008

See all articles by Edwin J. Elton

Edwin J. Elton

New York University (NYU) - Department of Finance

Martin J. Gruber

New York University (NYU) - Department of Finance

Christopher R. Blake

Fordham University - Gabelli School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: March 1997

Abstract

Portfolio theory is a well-developed paradigm. There are excellent textbooks on the subject. Of course, we are especially partial to our own Modern Portfolio Theory and Investment Analysis. There are also good reviews in more advanced doctoral-level texts such as Ingersoll (1987) or Huang and Litzenberger (1988). Finally, good review articles such as Constantinedes and Malliaris (1995) exist. Therefore, instead of writing one more review article, we will be more selective and our discussion will be rather eclectic. This paper will present four topics we find of particular interest. Rather than attempting to survey all articles or all issues on each topic, we will discuss what we find of special interest and importance. We will attempt to convey wehere the field is today and where it is headed in the future.

Suggested Citation

Elton, Edwin J. and Gruber, Martin J. and Blake, Christopher R., Modern Portfolio Theory, 1950 to Date (March 1997). NYU Working Paper No. FIN-97-003. Available at SSRN: https://ssrn.com/abstract=1295211

Edwin J. Elton (Contact Author)

New York University (NYU) - Department of Finance ( email )

44 West 4th Street
Ste 9-190
New York, NY 10012-1126
United States
212-998-0361 (Phone)
212-995-4233 (Fax)

Martin J. Gruber

New York University (NYU) - Department of Finance ( email )

44 West 4th Street
Ste 9-190
New York, NY 10012-1126
United States
212-998-0333 (Phone)
212-995-4233 (Fax)

Christopher R. Blake

Fordham University - Gabelli School of Business ( email )

113 West 60th Street
Lowenstein Building
New York, NY 10023
United States
212-636-6750 (Phone)

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