Essentials of Investments

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 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 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.

• Part ONE: ELEMENTS OF INVESTMENTS Chapter 1: Investments: Background and IssuesChapter 2: Asset Classes and Financial InstrumentsChapter 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 AppendixesA ReferencesB References to CFA Questions Index