Finance School of management Portfolio selection a study of how people should invest their wealth optimally a process of trading off risk and expected return to find the best portfolio of assets and liabilities Narrow and broad definitions uesTc4 Finance School of Management Portfolio Selection ❖ A study of how people should invest their wealth optimally ❖ A process of trading off risk and expected return to find the best portfolio of assets and liabilities ❖ Narrow and broad definitions