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File Format | PDF
File Size | 6.82 MB
Pages | 923
Language | English
Category | Investing
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Description: We wrote the
first edition of this textbook more than ten years ago. The intervening years
have been a period of rapid and profound change in the investments industry.
This is due in part to an abundance of newly designed securities, in part to
the creation of new trading strategies that would have been impossible without
concurrent advances in computer technology, and in part to rapid advances in
the theory of investments that have come out of the academic community. In no
other field, perhaps, is the transmission of theory to real-world practice as
rapid as is now commonplace in the financial industry.
These
developments place new burdens on practitioners and teachers of investments far
beyond what was required only a short while ago.Investments, Fifth Edition, is
intended primarily as a textbook for courses in investment analysis. Our
guiding principle has been to present the material in a framework that is
organized by a central core of consistent fundamental principles. We make every
attempt to strip away unnecessary mathematical and technical detail, and we
have concentrated on providing the intuition that may guide students and
practitioners as they confront new ideas and challenges in their professional
lives.
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Investments, 5th Edition
Download | Free
