Author Description

Investments is the leading textbook in the graduate investments market. It is recognized for its blend of practical and theoretical coverage while maintaining an appropriate rigour 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.