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Essentials of Investments
Essentials of Investments

Essentials of Investments, 12th Edition

ISBN10: 1260772160 | ISBN13: 9781260772166
By Zvi Bodie, Alex Kane and Alan Marcus

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* The estimated amount of time this product will be on the market is based on a number of factors, including faculty input to instructional design and the prior revision cycle and updates to academic research-which typically results in a revision cycle ranging from every two to four years for this product. Pricing subject to change at any time.

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The market-leading undergraduate investments textbook, Essentials of Investments by Bodie, Kane, and Marcus, continues to evolve along with the changes in the financial markets yet remains organized around one basic theme—that security markets are nearly efficient, meaning that you should expect to find few obvious bargains in these markets. 

This text places great emphasis on asset allocation while presenting the practical applications of investment theory. The text also focuses on investment analysis, which allows us to present the practical applications of investment theory and convey practical value insights.  A collection of Excel spreadsheets is provided to give you the tools to explore concepts more deeply.

In their efforts to link theory to practice, the author team also makes their approach consistent with that of the CFA Institute. Included are questions from previous CFA exams in our end-of-chapter problems and CFA-style questions derived from the Kaplan-Schweser CFA preparation courses.



Part ONE: ELEMENTS OF INVESTMENTS 

Chapter 1: Investments: Background and Issues

Chapter 2: Asset Classes and Financial Instruments

Chapter 3: Securities Markets 

Chapter 4: Mutual Funds and Other Investment Companies 

Part TWO: PORTFOLIO THEORY 

Chapter 5: Risk, Return, and the Historical Record 

Chapter 6: Efficient Diversification 

Chapter 7: Capital Asset Pricing and Arbitrage PricingTheory 

Chapter 8: The Efficient Market Hypothesis 

Chapter 9: Behavioral Finance and Technical Analysis 

Part THREE: DEBT SECURITIES 

Chapter 10: Bond Prices and Yields 

Chapter 11: Managing Bond Portfolios 

Part FOUR: SECURITY ANALYSIS 

Chapter 12: Macroeconomic and Industry Analysis 

Chapter 13: Equity Valuation 

Chapter 14: Financial Statement Analysis 

Part FIVE: DERIVATIVE MARKETS 

Chapter 15: Options Markets 

Chapter 16: Option Valuation 

Chapter 17: Futures Markets and Risk Management 

Part SIX: ACTIVE INVESTMENT MANAGEMENT 

Chapter 18: Evaluating Investment Performance 

Chapter 19: International Diversification 

Chapter 20: Hedge Funds 

Chapter 21: Taxes, Inflation, and Investment Strategy 

Chapter 22: Investors and the Investment Process 

Appendixes

A References

B References to CFA Questions 

Index 

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About the Author

Zvi Bodie

Zvi Bodie is Professor Emeritus at Boston University. He holds a PhD from the Massachusetts Institute of Technology and has served on the finance faculty at the Harvard Business School and MIT's Sloan School of Management. He has published widely in scholarly and professional journals on pension investment strategy and life-cycle asset-liability matching. In 2007 the Retirement Income Industry Association gave him its Lifetime Achievement Award for applied research.


Alex Kane

Alex Kune holds a PhD from the Stern School of Business of New York University and has been Visiting Professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and Research Associate, National Bureau of Economic Research. An author of many articles in finance and management journals. Professor Kane’s research is mainly in corporate finance, portfolio management. and capital markets.


Alan Marcus

Alan Marcus is the Mario J. Gabelli Professor of Finance in the Carroll School of Management at Boston College. He received his PhD in economics from MIT. Professor Marcus has been a visiting professor at the Athens Laboratory of Business Administration and at MIT's Sloan School of Management and has served as a research associate at the National Bureau of Economic Research. Professor Marcus has published widely in the fields of capital markets and portfolio management. He also spent two years at the Federal Home Loan Mortgage Corporation (Freddie Mac), where he developed models of mortgage pricing and credit risk.
He currently serves on the Research Foundation Advisory Board of the CFA Institute.

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