"This is a delightfully written account of the finance pioneers who have shaped our understanding of how to build optimal investment portfolios. Masterfully illuminating the lives and wisdom of Nobel Laureates and important investment professionals, In Pursuit of the Perfect Portfolio offers provocative insights for academics and practitioners." -- Burton G. Malkiel, author of A Random Walk Down Wall Street "Throughout recorded history, people have looked to safeguard their future through the stewardship of their assets. This wonderful book describes how, in the twentieth century, a group of scholars and practitioners developed systematic approaches to this endeavor. By exploring the differences between these pioneers, In Pursuit of the Perfect Portfolio puts forth a framework that enables each of us to reflect on our own investment portfolios." --Diane Coyle, University of Cambridge "Ever wonder if there is a better way to invest? In Pursuit of the Perfect Portfolio does a marvelous job setting out answers by taking readers through the evolution of modern investment management. Combining interesting anecdotes with fulsome explanations, the authors provide a road map for how portfolio selection has developed.
Accessible to new and experienced investors, this book makes clear that the search for the perfect portfolio is an engaging and never-ending quest." -- Maureen O'Hara, former president of the American Finance Association "Lo and Foerster tell the stories of ten innovators that helped to produce a revolution in the investing field these past fifty years. The authors delve into the personal histories of these individuals and explain how their innovations have improved investment experiences for millions of investors, big and small. This entertaining book gives a great overview of the development of modern finance." -- David G. Booth, chairman of Dimensional Fund Advisors "Lo and Foerster construct a 'perfect portfolio' of intimate biographies and divergent yet complementary ideas that will inform today's most thoughtful investors. Not only does this book help individuals determine what approach would best suit them, it also offers institutions a tantalizing blueprint for better personalized investment solutions." -- Peter Hancock, former president and CEO of AIG and former CFO of J.
P. Morgan "Lo and Foerster have produced an essential book on investing. Everyone should read In Pursuit of the Perfect Portfolio to find out what featured Nobel Laureates and investment thought leaders have to say about choosing the right portfolio mix. The authors do a splendid job of explaining in nontechnical language the similarities and differences in approach among those profiled." -- Zvi Bodie, coauthor of Investments "This highly rewarding book walks us through the foundations of modern portfolio theory and incorporates the powerful insights of the practitioners who helped make it all happen. A perfect read!" -- Ben Golub, chief risk officer of BlackRock.