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I'm posting Harry Markowitz's original 1952 paper on portfolio selection. In case you're not familiar with who Markowitz is, he was the guy who first came up with modern portfolio theory.
Essentially his original 1952 paper outlined the math behind selecting investments in order to maximize their overall returns within an acceptable level of risk. This mathematical framework is used to build a portfolio of investments that maximize the amount of expected return for the collective given level of risk. Its the essentially the basis for how professional investors think about diversification. It's a must read if you want to get serious about understanding how to invest.
Here is the original paper:
Here is a link to Markowitz's biography.
Investopedia has a pretty good write up of Modern Portfolio Theory, here.
I'm posting Harry Markowitz's original 1952 paper on portfolio selection. In case you're not familiar with who Markowitz is, he was the guy who first came up with modern portfolio theory.
Essentially his original 1952 paper outlined the math behind selecting investments in order to maximize their overall returns within an acceptable level of risk. This mathematical framework is used to build a portfolio of investments that maximize the amount of expected return for the collective given level of risk. Its the essentially the basis for how professional investors think about diversification. It's a must read if you want to get serious about understanding how to invest.
Here is the original paper:
Here is a link to Markowitz's biography.
Investopedia has a pretty good write up of Modern Portfolio Theory, here.