Abstract
The sacrifice of current money and other resources for future benefits is referred to as an investment. Investing is done with an aim of earning returns, which involves two key aspects: time and risk. The present outflow of funds is certain, but the future gains are uncertain and involve risk. A deliberate and careful investment decision leads to the creation of a portfolio of assets. Investment decisions are to be taken within the framework provided by the complex of financial institutions and intermediaries comprising the capital market. The capital market also provides the mechanism for channelling current savings into investments. Portfolio analysis starts with information concerning individual securities and ends with conclusions concerning portfolios as a whole.
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© 2015 Megha Agarwal
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Agarwal, M. (2015). Introduction. In: Developments in Mean-Variance Efficient Portfolio Selection. Palgrave Macmillan, London. https://doi.org/10.1057/9781137359926_1
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DOI: https://doi.org/10.1057/9781137359926_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-47176-8
Online ISBN: 978-1-137-35992-6
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