Book profiles


Massimo Guidolin, Manuela Pedio

Essentials of Applied Portfolio Management

This book offers an essential introduction to modern portfolio theory. The book provides a number of simple, practical examples to allow the reader to apply the theoretical concepts presented in each chapter. A portion of such practical cases are worked out in Excel and made available through the book’s website.

The book takes inspiration from Markowitz’s classical mean-variance, it then proceeds to develop modelling tools of increasing sophistication that eventually take into account the role played by generic risk-averse preferences. The book also explores a few advanced topics: the use of multi-factor asset pricing models and the role of background risks and human capital.


Pages: 260

Trade Paper: ISBN 9788885486089; $51.95

Pdf: ISBN 9788885486072; $38,99



Massimo Guidolin is Full Professor of Finance at Bocconi University where he teaches a number of courses in Econometrics and Asset Pricing. He also teaches Portfolio Management at SDA Bocconi School of Management. He serves on the editorial board of a number of international journals and he has extensively published his research in empirical finance.

Manuela Pedio is an adjunct researcher associated with Bocconi’s Finance specialties and associate analyst with the Private Investor Product desk at Unicredit, in Milan.

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