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 Appendixes1. References 2. References to CFA Questions