Portfolio Theory and the Capital Asset Pricing Model

Portfolio Theory and the Capital Asset Pricing Model - Raghavendra Rau

Рет қаралды 4,241

8 ай бұрын

Firms hope to get money for their investment decisions from investors. The latest have
to decide how to maximize the returns they get while simultaneously minimizing their risk.
This lecture will introduce two key concepts of financial management: Portfolio Theory and Capital Asset Pricing Model and will discuss how the CAPM gives us one of the inputs for NPV, the discount rate.
This lecture was recorded by Raghavendra Rau on 13 November 2023 at Barnard's Inn Hall, London
Raghu is the Mercers School Memorial Professor of Business
He is also the Sir Evelyn de Rothschild Professor of Finance at Cambridge Judge Business School.
www.gresham.ac.uk/speakers/pr...
The transcript and downloadable versions of the lecture are available from the Gresham College website:
www.gresham.ac.uk/watch-now/
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Пікірлер: 7

@sdnbrf8797 8 ай бұрын

I love professor rau passionate style and the equally passionate regular plugging of his books 😂 nevermind his impressive resume, that's the real badge of credibility as a finance professor

@VEDATOR_official 8 ай бұрын

Great speaker

@tobiasgreen3576 2 ай бұрын

Does he actually believe capm? I do so hope not.

@danwylie-sears1134 8 ай бұрын

Come on. Many, many things do not follow normal distributions. Anything that's the sum of a lot of independent variables does follow a normal distribution, no matter what the distributions are for the individual variables, as long as each one is a negligible part of the sum.

@stevekristoff4365 8 ай бұрын

Engaging presenter, however the data/analysis being presented has many issues. Basically people should probably read Benoit Mandelbrot's work on his theory of roughness. Or at least his book "The (Mis)Behavior of Markets" which can make some of the idea more accessible to non math people. Basically the presentation here is based on more of a deterministic markets opposed to ones based on fractal or chaos theory due to the complexity of interoperable variables.