Home  Journals  Finance and Credit  29(509) - 2012 August

Alternative theories of portfolio

Available online: 1 August 2012

Subject Heading: Stock market

JEL Classification: 

In the article alternatives of the theory of Markowitz -Sharp portfolio, insufficiently studied in scientific literature are investigated. It is the theory of Buffett portfolio, the portfolio theory of structured securities, the fatally theory of portfolio. All of them play important role in the analysis of non-equilibrium behavior of stock market. It is shown that key value for them has detection of competitive advantage of the specific issuer of security and an assessment of its possible duration in the future. Areas of applicability of each of alternative theories are investigated and prospects of their further development are presented.

Keywords: specific risk, inefficient market, competitive advantage, structured securitization, nonlinear equilibrium, fractal

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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