Portfolio management essential reading?

Just wondering if there’s any books out there that would be a bible of modern portfolio theory. Something talking about risk/return tradeoff’s, using derivatives to manage risk, and everything else. Anything?

Well, there’s the Grinold and Kahn book: Active Portfolio Management, a quantitative approach. It’s “the bible” for quant portfolio managment. Not sure it says that much about derivatives in particular, but that doesn’t mean it can’t be used with them (at least the futures part).

Hard to see what you’re looking for. Essentially you want L3 of the CFA Curriculum coupled with the CAIA Curriculum.

I like Random Walk and Nonrandom Walk Down Wall Street.

Yeah it’s a pretty broad subject, I guess just a book that brings everything together - I’m pretty well read on derivatives, security/industry analysis, etc, I’m just looking for some must-reads that are more focused on bringing all these things together. CFA curriculum (L2 anyways) is a good start but I’d like something a little more focused (L3 might provide that)

I’ll check out the Grinold/Kahn book, thanks

L3 helps a lot on this sort of thing.