What is some book that is complete and easy but hard enough to serve as prerequisite for asset pricing and portfolio choice theory by kerry back?

I wonder how come a beginning graduate textbook is so hard...

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    $\begingroup$ Introduction to Mathematical Portfolio Theory -- by Joshi and Paterson is at a lower level. $\endgroup$
    – Mark Joshi
    Jul 18, 2015 at 23:24

1 Answer 1


I would recommend "Active Portfolio Management" from Richard Grinold and Ronald Kahn. The book builds up most theories used in portfolio composition with much detail.


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