Zarys nowoczesnej teorii inwestycji finansowych
The outline of modern investments theory One way to grow wealth is by investing in financial markets. This approach offers the potential for higher returns compared to traditional savings, enables portfolio diversification, which often helps to reduce risk, and protects against inflation. The primar...
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| Autore principale: | |
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| Natura: | Online |
| Lingua: | polacco |
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Lublin University of Technology Publishing House
2025
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| Accesso online: | https://directory.doabooks.org/handle/20.500.12854/161225 |
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| Riassunto: | The outline of modern investments theory One way to grow wealth is by investing in financial markets. This approach offers the potential for higher returns compared to traditional savings, enables portfolio diversification, which often helps to reduce risk, and protects against inflation. The primary measures characterizing investments are the rate of return and risk. Investment decisions require precise measurement of these factors. The first chapter presents various types of rates of return, the relationships between them, and some methods of risk measurement. The second chapter is dedicated to the theory of investment portfolios. It demonstrates how to construct portfolios that consider an investor’s expectations regarding return and risk. Special emphasis is placed on the geometric interpretations of the results. These interpretations illustrate the relationships between the studied variables, show the properties and construction methods of solution sets, and facilitate result interpretation. The third chapter introduces various financial market models, including the single‐index model, CAPM and its modifications, APT, and the Black–Litterman Model. These theories assume that the investor’s goal is to maximize the expected utility of the investment, which can be measured using the mean and variance of the rate of return. This chapter also discusses some alternative criteria for constructing investment portfolios. The outcome of each investment should be verified against its intended objectives. Various indicators, presented at the end of this book, serve this purpose. |
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