Description
This textbook sets the standard for textbooks on investments, with a balanced blend of theory and practice, appropriate rigor and a clear writing style. The unifying theme throughout the text is that investors’ opportunities are constrained in highly competitive markets. Higher returns generally will come at the price of greater risk and the strongest investment performance requires differential insight.
Book Features:
- Coverage on Modern Portfolio Theory, which focuses on the techniques and implications of efficient diversification
- The text provides complete coverage of futures, options and other derivative security markets
- Strong treatment of Excel. Selected chapters contain problems, denoted by an icon, specifically linked to Excel templates that are available on the book website
