- 636 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
This revised and fully expanded edition of Understanding Investments continues to incorporate the elements of traditional textbooks on investments, but goes further in that the material is presented from an intuitive, practical point of view, and the supplementary material included in each chapter lends itself to both class discussion and further reading by students. It provides the essential tools to navigate complex, global financial markets and instruments including relevant (and classic) academic research and market perspectives.
The author has developed a number of key innovative features. One unique feature is its economic angle, whereby each chapter includes a section dedicated to the economic analysis of that chapter's material. Additionally, all chapters contain sections on strategies that investors can apply in specific situations and the pros and cons of each are also discussed. The book provides further clarification of some of the concepts discussed in the previous edition, thereby offering a more detailed analysis and discussion, with more real-world examples. The author has added new, shorter text boxes, labeled "Market Flash" to highlight the use of, or changes in current practices in the field; updates on strategies as applied by professionals; provision of useful information for an investor; updates on regulations; and anything else that might be relevant in discussing and applying a concept. This second edition also includes new sections on core issues in the field of investments, such as alternative investments, disruptive technologies, and future trends in investment management.
This textbook is intended for undergraduate students majoring or minoring in finance and also for students in economics and related disciplines who wish to take an elective course in finance or investments.
Frequently asked questions
- Essential is ideal for learners and professionals who enjoy exploring a wide range of subjects. Access the Essential Library with 800,000+ trusted titles and best-sellers across business, personal growth, and the humanities. Includes unlimited reading time and Standard Read Aloud voice.
- Complete: Perfect for advanced learners and researchers needing full, unrestricted access. Unlock 1.4M+ books across hundreds of subjects, including academic and specialized titles. The Complete Plan also includes advanced features like Premium Read Aloud and Research Assistant.
Please note we cannot support devices running on iOS 13 and Android 7 or earlier. Learn more about using the app.
Information
Table of contents
- Cover
- Half Title
- Title Page
- Copyright Page
- Dedication
- Contents
- List of illustrations
- Acknowledgments
- Preface to second edition
- Preface to first edition
- PART I INVESTMENT BASICS
- 1 The investment framework
- 2 The investment decision process and investment strategies
- 3 Fundamentals of risk and return
- PART II FINANCIAL MARKETS, INTERMEDIARIES, AND INSTRUMENTS
- 4 The global financial environment
- 5 Money and capital market instruments and strategies
- 6 Investment bankers and investment companies
- PART III PORTFOLIO THEORY
- 7 Diversification and asset allocation
- 8 Efficient diversification and capital market theory
- 9 Market efficiency and behavioral finance
- PART IV EQUITY PORTFOLIO MANAGEMENT
- 10 Equity and fundamental analyses
- 11 Equity valuation and investment strategies
- PART V DEBT SECURITIES
- 12 Bond fundamentals and valuation
- 13 Bond portfolio management and performance evaluation
- PART VI DERIVATIVE MARKETS AND OTHER INVESTMENTS
- 14 Option markets and valuation models
- 15 Futures markets and strategies
- 16 Other investment topics and themes in investment management
- Appendix
- Index