… Treynor's paper, "Toward a Theory of the Market Values of Risky Assets" (unpublished,
1961). … the return on market as a whole, then, according to the Sharpe-LintnerTreynor theory, …

… Treynor refined his 1960 model into the 45page “Market Value, Time, and Risk” [the present
paper]. This paper, Treynor … Treynor’s colleagues sent the draft to Merton Miller in 1961, after …

628 The Journal of Finance the present value that results from discounting at the riskless rate
is an estimate of the market value of the assets on which lenders must have a claim if they …

… Abstract, by Craig William French This paper reprints an edited version of Jack Treynor's
famous … Treynor used a bar or curve over a variable, I use an underscore, and I have omitted the …

… Furthermore, the price change produced by the spread of this information will be a unique
return in the Treynor-Black sense 1 , 2 since no other company's prospects are involved. …

… covering over40 years ofJack Treynor’s published work. Unbelievable in scope and breadth
forasingle author, Treynor has pioneered thinking in ninemajor capital market topics. The …

… Treynor is Professor of Finance at the University of Southern California and President of Jack
L. Treynor … Treynor and R. Ferguson, "In Defense of Technical Analysis," Journal of Finance…

A dealer facilitates market liquidity by intermediating between transactors to whom time is
important in exchange for charging buyers a higher price than he pays sellers. A value-based …

A transactor naturally assumes that his counterpart-the transactor on the other side-is drawn
randomly from the population of investors. In fact, the latter transactor is drawn from that …

Ibelieve in active securities management. My only complaint is that some active managers
seem to have a narrow understanding of what the game is. This is particularly true of what I …