Ryzyko inwestycji w teorii portfelowej Harrego Markowicza
Journal Title: Studia Ekonomiczne, Prawne i Administracyjne - Year 2015, Vol 1, Issue 1
Abstract
Harry Markowitz is the creator of one of the most useful discoveries in the field of modern finance. However, a barrier to the application of the theory of portfolio is an incorrect interpretation of this concept by investors. The reason is to treat each as a separate investment account, which leads to the estimation of risk. However, the only condition the use of portfolio theory is the treatment of investment portfolio, as an integral entirety. The article discusses the role of correlations occuring between elements of the portfolio. Furthermore, the article reviews basic determinants of good quality of portfolio theory, through a detailed description of the methodology for the creation of two portfolios and compound. Recommendations have been made in the literature of the subject and takes into account the fundamental differences between the risks and uncertainties, which are becoming more and more visible in the modern world. (original abstract)
Authors and Affiliations
Róża Stepaniuk
Keywords
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