Investments | 13th Edition

Description

Investments is an important textbook designed for courses in investment analysis for the MBA/PGDM program. It organizes material around a core set of consistent, fundamental principles and introduces students to key issues relevant to all investors today. The book provides intuitions to guide students and practitioners as they confront new ideas and challenges in their professional lives. It discusses the major issues currently of concern to all investors. The central theme of the book is the near efficiency of well-developed security markets, where most securities are appropriately priced based on their risk and return characteristics. Other key themes include the risk–return trade-off, the importance of asset allocation, and an in-depth exploration of futures, options, and other derivative markets.