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FIGURE 1-1 The investors opportunity set.

Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition John Wiley & Sons, Inc.

FIGURE 1-2 Indifference curves.


Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition John Wiley & Sons, Inc.

FIGURE 1-3 Investor equilibrium.


Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition John Wiley & Sons, Inc.

FIGURE 1-4 Investors opportunity set with several alternatives.


Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition John Wiley & Sons, Inc.

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