Portfolio theory examines the relationship that exists between risk and return when investing in equities. Based upon the pioneering work of Markowitz, it is explained how a rational investor in an efficient capital market, requiring an optimal portfolio of investments, can maximize utility, having regard to the relationship between returns and risk associated with their covariablity of returns, within portfolio (Hill, 1998).
Wednesday, 17 January 2018
Prime industrial country
Great Britain is the prime industrial country in the world, it was top of capitalism country, in its splendent period, settlement spread all over the world. After the second War, Britain turned to second-class country, meanwhile its financial status was also weakened. However, dollar was instead of pound, whereas Great Britain is one of main creditor nations, the financial empire status still cannot be ignored, London is still the financial focus in the world, especially in insurance, despite the centre status has been weakened a bit.
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