Modern portfolio theory and investment analysis edwin j elton martin j gruber stephen j brown william n goetzmann on amazoncom free shipping on qualifying offers. Modern portfolio theory mpt or mean variance analysis is a mathematical framework for assembling a portfolio of assets such that the expected return is maximized for a given level of risk. Description modern portfolio theory and investment analysis 9th editionexamines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. Modern portfolio theory and investment analysis eighth edition international student version edwin j elton leonard n stern school of business. Academiaedu is a platform for academics to share research papers