Essentials of Investments https://www.mheducation.com/cover-images/Jpeg_400-high/1260013928.jpeg 11 2019 9781260013924 The market leading undergraduate investments textbook, Essentials of Investments by Bodie, Kane, and Marcus, emphasizes asset allocation while presenting the practical applications of investment theory. The authors have eliminated unnecessary mathematical detail and concentrate on the intuition and insights that will be useful to practitioners throughout their careers as new ideas and challenges emerge from the financial marketplace. The Eleventh Edition includes increased attention to changes in market structure and trading technology, while continuing to be organized around one basic theme - that security markets are nearly efficient.
09781260013924
Essentials of Investments

Essentials of Investments, 11th Edition

ISBN10: 1260013928 | ISBN13: 9781260013924
By Zvi Bodie, Alex Kane, Alan Marcus

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The market leading undergraduate investments textbook, Essentials of Investments by Bodie, Kane, and Marcus, emphasizes asset allocation while presenting the practical applications of investment theory. The authors have eliminated unnecessary mathematical detail and concentrate on the intuition and insights that will be useful to practitioners throughout their careers as new ideas and challenges emerge from the financial marketplace. The Eleventh Edition includes increased attention to changes in market structure and trading technology, while continuing to be organized around one basic theme - that security markets are nearly efficient.

Part 1: ELEMENTS OF INVESTMENTS 
1. Investments: Background and Issues 
2. Asset Classes and Financial Instruments 
3. Securities Markets 
4. Mutual Funds and Other Investment Companies 

Part 2: PORTFOLIO THEORY 
5. Risk, Return, and the Historical Record 
6. Efficient Diversification 
7. Capital Asset Pricing and Arbitrage Pricing Theory 
8. The Efficient Market Hypothesis 
9. Behavioral Finance and Technical Analysis 

Part 3: DEBT SECURITIES 
10. Bond Prices and Yields 
11. Managing Bond Portfolios 

Part 4: SECURITY ANALYSIS 
12. Macroeconomic and Industry Analysis 
13. Equity Valuation 
14. Financial Statement Analysis
 
Part 5: DERIVATIVE MARKETS 
15. Options Markets 
16. Option Valuation 
17. Futures Markets and Risk Management
 
Part 6: ACTIVE INVESTMENT MANAGEMENT 
18. Evaluating Investment Performance 
19. International Diversification 
20. Hedge Funds 
21. Taxes, Inflation, and Investment Strategy 
22. Investors and the Investment Process
 
Appendixes
1. References 
2. References to CFA Questions 

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About the Author

Zvi Bodie

Zvi Bodie is Professor Emeritus at Boston University, where he taught from 1973 to 2016.  Today, he is an independent financial consultant and educator.  His main professional interest is to firmly establish finance as an applied science built on the principles explained in his books and websites.  He holds a Ph.D. 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.  His textbook Financial Economics coauthored by Nobel-Prize winning economist Robert C. Merton has been translated into 9 languages.  In addition to his textbooks, Bodie has coauthored two books for the mass market: Risk Less and Prosper: Your Guide to Safer Investing and Worry-Free Investing A Safe Approach to Achieving Your Lifetime Financial Goals.  In 2007, the Retirement Income Industry Association gave him its Lifetime Achievement Award for applied research.  He has authored and edited many books and articles on pensions and investing for retirement. With the support of the Research Foundation of the CFA Institute, he organized a series of 3 conferences on the theory and practice of life-cycle finance.  Currently he serves as senior advisor to the Investments and Wealth Institute and consults for a number of financial firms including Dimensional Fund Advisors. 

Alex Kane

Professor of finance and economics at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He 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, most recently in the measurement of market volatility and pricing of options.

Alan Marcus

Alan J. Marcus is a Professor of Finance in the Wallace E. Carroll School of Management at Boston College. His main research interests are in derivatives and securities markets. He is co-author (with Zvi Bodie and Alex Kane) of the texts Investments and Essentials of Investments. Professor Marcus has served as a research fellow at the National Bureau of Economic Research. Professor Marcus also spent two years at Freddie Mac, where he helped to develop mortgage pricing and credit risk models. He currently serves on the Research Foundation Advisory Board of the CFA Institute.

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