Portfolio Selection
American Finance Association
Portfolio Selection Author(s): Harry Markowitz Source: The Journal of Finance, Vol. 7, No. 1 (Mar., 1952), pp. 77-91 Published by: Blackwell Publishing for the American Finance Association Stable URL: http://www.jstor.org/stable/2975974 . Accessed: 23/06/2011 20:52
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PORTFOLIO SELECTION* MARKOWITZ HARRY
The Rand Corporation
a portfoliomay be divided into two stages. OF THEPROCESS SELECTING The first stage starts with observation and experienceand ends with beliefs about the future performances of available securities. The second stage starts with the relevant beliefs about future performances and ends with the choice of portfolio. This paper is concernedwith
Portfolio Selection Author(s): Harry Markowitz Source: The Journal of Finance, Vol. 7, No. 1 (Mar., 1952), pp. 77-91 Published by: Blackwell Publishing for the American Finance Association Stable URL: http://www.jstor.org/stable/2975974 . Accessed: 23/06/2011 20:52
Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at . http://www.jstor.org/action/showPublisher?publisherCode=black. . Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.
Blackwell Publishing and American Finance Association are collaborating with JSTOR to digitize, preserve and extend access to The Journal of Finance.
http://www.jstor.org
PORTFOLIO SELECTION* MARKOWITZ HARRY
The Rand Corporation
a portfoliomay be divided into two stages. OF THEPROCESS SELECTING The first stage starts with observation and experienceand ends with beliefs about the future performances of available securities. The second stage starts with the relevant beliefs about future performances and ends with the choice of portfolio. This paper is concernedwith