The market-leading undergraduate investments textbook, Essentials of Investments by Bodie, Kane, and Marcus, continues to evolve along with the changes in the financial markets yet remains organized around one basic theme--that security markets are nearly efficient, meaning that you should expect to find few obvious bargains in these markets.
This text places great emphasis on asset allocation while presenting the practical applications of investment theory. The text also focuses on investment analysis, which allows us to present the practical applications of investment theory and convey practical value insights. A collection of Excel spreadsheets is provided to give you the tools to explore concepts more deeply.
In their efforts to link theory to practice, the author team also makes their approach consistent with that of the CFA Institute. Included are questions from previous CFA exams in our end-of-chapter problems and CFA-style questions derived from the Kaplan-Schweser CFA preparation courses.
The market-leading undergraduate investments textbook, Essentials of Investments by Bodie, Kane, and Marcus, continues to evolve along with the changes in the financial markets yet remains organized around one basic theme--that security markets are nearly efficient, meaning that you should expect to find few obvious bargains in these markets.
This text places great emphasis on asset allocation while presenting the practical applications of investment theory. The text also focuses on investment analysis, which allows us to present the practical applications of investment theory and convey practical value insights. A collection of Excel spreadsheets is provided to give you the tools to explore concepts more deeply.
In their efforts to link theory to practice, the author team also makes their approach consistent with that of the CFA Institute. Included are questions from previous CFA exams in our end-of-chapter problems and CFA-style questions derived from the Kaplan-Schweser CFA preparation courses.
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.
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