Book Review: Ogbulu, O.M. 2012, All-Asset Market Portfolio And The Risk-Return Behavior of Assets: Evidence From The Nigerian Capital Market: LAP Lambert Academic Publishing, Saarbrucken, Germany, ISBN 978-3-659-25809-1

Abstract

The book “All-Asset Market Portfolio and The Risk-Return Behaviour of Assets: Evidence from The Nigerian Capital Market” by Dr. Ogbulu, O.M.  represents an engaging and stimulating re-examination of the capital asset pricing paradigm. The focus of the book, which covers about 164 pages and comprises five chapters, is to demonstrate that the concept of the market portfolio which is central to the development and application of the Capital Asset Pricing Model (CAPM) has for so long been misconstrued with respect to its true meaning by various scholars and practitioners alike in portfolio and security analysis.