How Long to Read Portfolio Optimization

How Long Does it Take to Read Portfolio Optimization?

It takes the average reader 4 hours and 3 minutes to read Portfolio Optimization by Michael J. Best

Assuming a reading speed of 250 words per minute. Learn more

Description

Eschewing a more theoretical approach, Portfolio Optimization shows how the mathematical tools of linear algebra and optimization can quickly and clearly formulate important ideas on the subject. This practical book extends the concepts of the Markowitz "budget constraint only" model to a linearly constrained model. Only requiring elementary linear algebra, the text begins with the necessary and sufficient conditions for optimal quadratic minimization that is subject to linear equality constraints. It then develops the key properties of the efficient frontier, extends the results to problems with a risk-free asset, and presents Sharpe ratios and implied risk-free rates. After focusing on quadratic programming, the author discusses a constrained portfolio optimization problem and uses an algorithm to determine the entire (constrained) efficient frontier, its corner portfolios, the piecewise linear expected returns, and the piecewise quadratic variances. The final chapter illustrates infinitely many implied risk returns for certain market portfolios. Drawing on the author’s experiences in the academic world and as a consultant to many financial institutions, this text provides a hands-on foundation in portfolio optimization. Although the author clearly describes how to implement each technique by hand, he includes several MATLAB® programs designed to implement the methods and offers these programs on the accompanying downloadable resources.

How long is Portfolio Optimization?

Portfolio Optimization by Michael J. Best is 237 pages long, and a total of 60,909 words.

This makes it 80% the length of the average book. It also has 74% more words than the average book.

How Long Does it Take to Read Portfolio Optimization Aloud?

The average oral reading speed is 183 words per minute. This means it takes 5 hours and 32 minutes to read Portfolio Optimization aloud.

What Reading Level is Portfolio Optimization?

Portfolio Optimization is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Portfolio Optimization?

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