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Investments set the standardas a graduate (MBA) text intended primarily for courses in investment analysis.The guiding principle has been to present the material in a framework that isorganized by a central core of consistent fundamental principles and will introducestudents to major issues currently of concern to all investors. In an effort to link theory to practice, the authorsmake their approach consistent with that of the CFA Institute. Many features ofthis text make it consistent with and relevant to the CFA curriculum. The common unifying theme is that securitymarkets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. Investments is alsoorganized around several important themes: The central theme is the near informational-efficiency of well-developed security markets and the general awareness that competitive markets do not offer "free lunches" to participants. A second theme is the risk–return trade-off. Also, this text places great emphasis on asset allocation. Finally, this text offers a broad and deep treatment of futures, options, and other derivative security markets. Review: Good place for students to start if they want to do some rigorous learning about investments - Classic and with good reason. Good starting place for students interested in investment theory and practice. Review: Does not come with access code - Does not come with access code that textbook suggests. Not happy with this textbook.
| Best Sellers Rank | 346,233 in Books ( See Top 100 in Books ) 2,904 in Professional Finance |
| Customer Reviews | 4.7 out of 5 stars 42 Reviews |
D**R
Good place for students to start if they want to do some rigorous learning about investments
Classic and with good reason. Good starting place for students interested in investment theory and practice.
A**K
Does not come with access code
Does not come with access code that textbook suggests. Not happy with this textbook.
H**M
Stay Away
This is the worst academic textbook I’ve had to read. It overcomplicates straightforward concepts, relies on implicit assumptions without stating them, and repeatedly forces the reader to “guess” what the author meant. The solutions contain typos and inconsistencies, and there are multiple cases where formulas are derived or used in exercises without being properly introduced or explained in the main text. The writing feels careless: unclear phrasing, missing reasoning steps, and an overall lack of precision that makes learning harder than it should be. A good technical book should reduce ambiguity and build concepts transparently; this one does the opposite.
A**E
Recommendation Investment
Excellent State of Arz textbook.
M**I
Great value
This is an awesome text to use to study for the CFA exam. It is very thorough and well written. Great reference for any financial advisor.
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