Essentials of Investments (IRWIN MCGRAW HILL SERIES IN FINANCE, INSURANCE AND REAL ESTATE) - Tapa dura

ESSENTIALS OF INVESTMENTS 3/E is intended for the required Undergraduate Investments course for all finance majors. A significant number of other business majors also take this course as an elective.

ESSENTIALS OF INVESTMENTS, 3/E is a text on investment analysis. The authors have eliminated unnecessary mathematical detail and concentrated 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). ESSENTIALS also continues to develop modern topics. However, since it is intended for undergraduates, the authors place more emphasis on securities and security analysis and de-emphasize technical aspects of portfolio analysis. The major objective in this revision is to maintain the current level in content and coverage, but work on improving the text's accessibility by enhancing presentation, pedagogy, and design.

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.