Excerpt from An Overview of Modern Financial Economics The static portfolio theory concerns with finding the portfolio of assets that has a given level of expected rate of return and has a minimum risk exposure measured by the variance of the return on a portfolio. A portfolio having this property will be said to be a mean-variance efficient portfolio. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.