The market leading Essentials of Investments, 6e by Bodie, Kane and Marcus is
an undergraduate textbook on investment analysis, presenting the practical
applications of investment theory to convey insights of practical value. 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.
Essentials maintains the theme of asset allocation (authors discuss asset
pricing and trading then apply these theories to portfolio planning in
real-world securities markets that are governed by risk/return relationships).
Table of Contents
Part 1: Elements of Investments
1- Investments: Background and Issues
2- Financial Securities
3- Securities Markets
4- Mutual Funds and Other Investment Companies
Part 2: Portfolio Theory
5- Risk and Return: Past and Prologue
6- Efficient Diversification
7- Capital Asset Pricing and Arbitrage Pricing Theory
8- Efficient Markets and the Behavioral Critique
Part 3: Debt Securities
9- Bond Prices and Yields
10- Managing Bond Portfolios
Part 4: Security Analysis
11- Macroeconomic and Industry Analysis
12- Equity Valuation
13- Financial Statement Analysis
Part 5: Derivative Markets
14- Options Markets
15- Option Valuation
16- Futures Markets
Part 6: Active Investment Management
17- Performance Evaluation and Active Portfolio Management
18- Globalization and International Investing
19- Behavioral Finance and Technical Analysis
20- Taxes, Inflation, and Investment Strategy
21- Investors and the Investment Process
About the Author
Zvi Bodie is Professor of Finance and Economics at the Boston University School
of Management. He is the director of Boston University’s Chartered Financial
Analysts Examination Review Program and has served as consultant to many private
and governmental organizations. Professor Bodie is a research associate of the
National Bureau of Economic Research, where he was director of the NBER Project
on Financial Aspects of the U.S. Pension System, and he is a member of the
Pension Research Council of The Wharton School. He is widely published in
leading professional journals, and his previous books include Pensions in the
U.S. Economy, Issues in Pension Economics, and Financial Aspects of the U.S.
Pension System. Alex Kane is professor of finance and economics at the Graduate
School of International Relations and Pacific Studies at the University of
California, San Diego. He was 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, most recently in the measurement of market volatility and
the pricing of options. Professor Kane is the developer of the International
Simulation Laboratory (ISL) for training and experimental research in executive
decision making. Alan Marcus is professor of finance in the Wallace E. Carroll
School of Management at Boston College. He received his PHD in Economics from
MIT in 1981. Professor Marcus recently 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. He also established the Chartered Financial Analysts Review
Program at Boston College. Professor Marcus has published widely in the fields
of capital markets and portfolio management, with an emphasis on applications of
futures and options pricing models. His consulting work has ranged from new
product development to provision of expert testimony in utility rate
proceedings. He also spend two years at the Federal Home Loan Mortgage
Corporation (Freddie Mac), where he developed models of mortgage pricing and
credit risk, and he currently serves on the Advisory Council for the Currency
Risk Management Alliance of State Street Bank and Windham Capital Management
Boston.