风险收益原理辨析

Study on the Principles of Risk and Return

回顾马柯维茨的资产组合理论和夏普的资本资产定价模型这两个经典理论,对学术界关于风险收益原理存在的误解进行了澄清,并对风险收益原理进行了重新表述。

Two classics were reviewed: Portfolio Selection (Hary M.Markowitz) and Capital Asset Pricing Model (William F.Sharpe). Some misunderstanding among academic circles were clarified; The paper presented the principles of risk and return in a new way.