This book seeks to capture the essence of modern developments in investments and provides a guided tour of the intricate and complex world of investments.
Written by a highly acknowledged author and expert, this book:
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Describes a characteristics of various investment alternatives available to investors
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Discusses how the securities market functions
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Explains the techniques used by professionals for analyzing and valuing investment alternatives
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Discusses the implications of modern research in the field of investments
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Explains how financial derivatives like futures and options are valued
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Presents a framework for portfolio management
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Provides insights into the strategies followed by the investment wizards of the world
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Sensitizes the reader to the pitfalls of the investment game
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Offers a set of guidelines for investors with varying inclinations
Notable additions in this edition
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Two new chapters
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Two new appendixes
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Ten new sections
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Several new minicases
The accompanying CD contains
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Additional solved problems, additional self-test problems and additional minicases
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Excel spreadsheets
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Supplementary notes
Investment Analysis and Portfolio Management is meant for:
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Investment practitioners like equity researchers, portfolio managers, and investment counsellors
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Lay investors interested in managing their investments in a rational and systematic manner
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MBA students taking a course in Investments (popularly called `Security Analysis and Portfolio Management).
Preface to the Fourth Edition
Acknowledgements
Part I : Introduction
Chapter 1 : Overview : A Broad Map of the Territory
Chapter 2 : Investment Alternatives : Choices Galore
Chapter 3 : Securities Market : The Battlefield
Part II : Basic Concepts and Methods
Chapter 4 : Risk and Return : Two Sides of the Investment Coin
Chapter 5 : The Time Value of Money : The Magic of Compounding
Chapter 6 : Financial Statement Analysis : The Information Maze
Part III : Modern Portfolio Theory
Chapter 7 : Portfolio Theory : The Benefits of Diversification
Chapter 8 : Capital Asset Pricing Model and Arbitrage Pricing Theory : The Risk Reward Relationship
Chapter 9 : Efficient Market Hypothesis : The Collective Wisdom
Chapter 10 : Behavioural Finance : The Irrational Influences
Part IV : Fixed Income Securities
Chapter 11 : Bond Prices and Yields : Figuring out the Assured Returns
Chapter 12 : Bond Portfolio Management : The Passive and Active Stances
Part V : Equity Shares
Chapter 13 : Equity Valuation : How to Find Your Bearings
Chapter 14 : Macroeconomic and Industry Analysis : Understanding the Broad Picture
Chapter 15 : Company Analysis : Establishing the Value Benchmark
Chapter 16 : Technical Analysis : The Visual Clue
Chapter 17 : Options : The Upside Without the Downside
Chapter 18 : Futures : Where the Hedges and the Speculators Meet
Part VII : Other Investment Options
Chapter 19 : Mutual Funds : Indirect Investing
Chapter 20 : Investment in Real Assets : The Tangible Thing
Chapter 21 : International Investing : The Global Search
Part VIII : Portfolio Management
Chapter 22 : Portfolio Management : Investment Policy and Strategy : The Grand Design
Chapter 23 : Portfolio Management : Implementation and Review : The Specific Moves
Chapter 24 : Professional and Institutional Money Management : Seeking the Help of Experts
Chapter 25 : Guidelines for Investment Decisions : What It All Comes To
Chapter 26 : Strategies of the Great Masters : The Timeless Wisdom
Appendix A
Appendix B
Appendix C
Appendix D
Bibliography
Index
