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Book Summary
Bodie, Kane, and Marcus' "Investments" is the leading textbook for the
graduate/MBA investments market. It is recognized as the best blend of practical
and theoretical coverage, while maintaining an appropriate rigor and clear
writing style. Its unifying theme is that security markets are nearly efficient,
meaning that most securities are usually priced appropriately given their risk
and return attributes. The text places greater emphasis on asset allocation, and
offers a much broader and deeper treatment of futures, options, and other
derivative security markets than most investment texts.
Bodie, Kane, and Marcus' "Investments" is the leading textbook for the
graduate/MBA investments market. It is recognized as the best blend of practical
and theoretical coverage, while maintaining an appropriate rigor and clear
writing style. Its unifying theme is that security markets are nearly efficient,
meaning that most securities are usually priced appropriately given their risk
and return attributes. The text places greater emphasis on asset allocation, and
offers a much broader and deeper treatment of futures, options, and other
derivative security markets than most investment texts.