A market leader in the field, this text emphasizes asset allocation while presenting the practical applications of investment theory without unnecessary mathematical detail. The ninth edition includes new coverage on the roots and fallout from the recent financial crisis and provides increased content.
The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content 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. Available as a separate purchase, McGraw-Hill's adaptive learning component, LearnSmart, provides assignable. The objective of this book is to help an individual or a family design a personal investment strategy.
It explains how stock markets can be used to make a large fortune from a small investment. It also recommends an approach to increase a reasonable return on investment and explains the importance of investment alternatives. The book is based on the premise that the US stock market is not too high compared to the long-term value of its securities. It further. Home » Books » Essentials of Investments. Author : Alex Kane,Alan J.
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