Fundamentals of Investments.

SHARPE, William F. and Gordon J. Alexander [Paul A. Samuelson].

$5,000.00

Item Number: 138641

Englewood Cliffs, New Jersey: Prentice Hall, Inc, 1989.

First edition of Alexander and Sharpe’s classic text on the fundamentals of investments. Quarto, original boards. Association copy, inscribed by William Sharpe on the title page to fellow Nobel Prize-winning economist Paul Samuelson, “For Paul with my best regards William F. Sharpe.” In near fine condition. From the library of Paul Samuelson. An exceptional association linking two giants of economic theory.

Alexander and Sharpe's Fundamentals of Investments provides a clear framework for understanding and analyzing securities, and covers the major institutional features and theories of investing. American economist William F. Sharpe as one of the originators of the capital asset pricing model (CAPM). He created the Sharpe ratio for risk-adjusted investment performance analysis, and he contributed to the development of the binomial method for the valuation of options, the gradient method for asset allocation optimization, and returns-based style analysis for evaluating the style and performance of investment funds.