CAL, Indifference Curve, MVF, Efficient Frontier relationship understand, between, getting, figure, itself

ashycal

Hey guys,

I've been reviewing PM this weekend and am still getting lost on the relationship between the CAL/CML, Indifference Curve, MVF, and Efficient Frontier. I understand why each one exists by itself, but can't really figure out what the relationships between them are.

Basically I know enough to get most questions right (optimal portfolio is point of tangency, portfolios above MVF are impossible, etc.), but still feel a little shaky on the fundamentals.

Does anyone have a laymans explanation of these various charts and their relationships with each other? Thanks!