Investments - Zvi Bodie

. .

Résumé :
Bodie, Kane, and Marcus' Investments sets the standard for graduate/MBA investments textbooks. It blends practical and theoretical coverage, while maintaining an appropriate rigor and a clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are 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. It is also the only graduate Investments text to offer an online homework management system, McGraw-Hill's Connect Finance.

Biographie:
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.

Sommaire:

Part I Introduction

1 The Investment Environment

2 Asset Classes and Financial Instruments

3 How Securities are Traded

4 Mutual Funds and Other Investment Companies

Part II Portfolio Theory and Practice

5 Introduction to Risk, Return, and the Historical Record

6 Risk Aversion and Capital Allocation to Risky Assets

7 Optimal Risky Portfolios

8 Index Models

Part III Equilibrium in Capital Markets

9 The Capital Asset Pricing Model

10 Arbitrage Pricing Theory and Multifactor Models of Risk and Return

11 The Efficient Market Hypothesis

12 Behavioral Finance and Technical Analysis

13 Empirical Evidence on Security Returns

Part IV Fixed-Income Securities

14 Bond Prices and Yields

15 The Term Structure of Interest Rates

16 Managing Bond Portfolios

Part V Security Analysis

17 Macroeconomic and Industry Analysis

18 Equity Valuation Models

19 Financial Statement Analysis

Part VI Options, Futures, and Other Derivatives

20 Options Markets: Introduction

21 Option Valuation

22 Futures Markets

23 Futures, Swaps, and Risk Management

Part VII Applied Portfolio Management

24 Portfolio Performance Evaluation

25 International Diversification

26 Hedge Funds

27 The Theory of Active Portfolio Management

28 Investment Policy and the Framework of the CFA Institute

References to CFA Problems

Glossary

Name Index

Subject Index