Bodie, Kane, and Marcus’ Investments is the leading textbook for the graduate/MBA investments market. It is recognized as the best blend of practical and theoretical coverage, while maintaining an appropriate rigor and clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are usually priced appropriately given their risk and return attributes. The text places greater emphasis on asset allocation, and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts.
Table of contents:
Part I. Introduction
1 The Investment Environment
2 Financial Instruments
3 How Securities are Traded
4 Mutual Funds and Other Investment Companies
Part II. Portfolio Theory
5 History of Interest Rates and Risk Premiums
6 Risk and Risk Aversion
7 Capital Allocation Between the Risky Asset and the Risk-Free Asset
8 Optimal Risky Portfolios
Part III. Equilibrium in Capital Markets
9 The Capital Asset Pricing Model
10 Index Models
11 Arbitrage Pricing Theory and Multifactor Models of Risk and Return
12 Market Efficiency and Behavioral Finance
13 Empirical Evidence on Security Returns
Part IV. Fixed-Income Securities
14 Bond Prices and Yields
15 The Term Structure of Interest Rates
16 Managing Bond Portfolios
Part V. Security Analysis
17 Macroeconomic and Industry Analysis
18 Equity Valuation Models
19 Financial Statement Analysis
Part VI. Options, Futures, and Other Derivatives
20 Options Markets: Introduction
21 Option Valuation
22 Futures Markets
23 Futures and Swaps: A Closer Look
Part VII. Active Portfolio Management
24 Portfolio Performance Evaluation
25 International Diversification
26 The Process of Portfolio Management
27 The Theory of Active Portfolio Management
Appendix A. Quantitative Review
Appendix B. References to CFA Question
Appendix C. Glossary
Table of contents:
Part I. Introduction
1 The Investment Environment
2 Financial Instruments
3 How Securities are Traded
4 Mutual Funds and Other Investment Companies
Part II. Portfolio Theory
5 History of Interest Rates and Risk Premiums
6 Risk and Risk Aversion
7 Capital Allocation Between the Risky Asset and the Risk-Free Asset
8 Optimal Risky Portfolios
Part III. Equilibrium in Capital Markets
9 The Capital Asset Pricing Model
10 Index Models
11 Arbitrage Pricing Theory and Multifactor Models of Risk and Return
12 Market Efficiency and Behavioral Finance
13 Empirical Evidence on Security Returns
Part IV. Fixed-Income Securities
14 Bond Prices and Yields
15 The Term Structure of Interest Rates
16 Managing Bond Portfolios
Part V. Security Analysis
17 Macroeconomic and Industry Analysis
18 Equity Valuation Models
19 Financial Statement Analysis
Part VI. Options, Futures, and Other Derivatives
20 Options Markets: Introduction
21 Option Valuation
22 Futures Markets
23 Futures and Swaps: A Closer Look
Part VII. Active Portfolio Management
24 Portfolio Performance Evaluation
25 International Diversification
26 The Process of Portfolio Management
27 The Theory of Active Portfolio Management
Appendix A. Quantitative Review
Appendix B. References to CFA Question
Appendix C. Glossary