by Zvi Bodie, Alex Kane, Alan J. Marcus
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| Lowest New Price: | $23.50 |
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Product Description
This latest edition of Investments continues the legacy of excellence established in previous versions. Chapters on behavioral finance, arbitrage pricing theory, multifactor models of risk and return, and international diversification have been dramatically rewritten to meet changes in today’s transformed markets. In addition, unnecessary mathematical and technical detail continues to be left out wherever possible.
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Average Customer Review:
0 of 1 people found the following review helpful:
 Unhappy at all, 2008-09-29
I even haven't receive this item yet. and the seller never reply me. I wish I could dispute this transaction!!!
2 of 3 people found the following review helpful:
No concepts... , 2007-05-31
First, let it be said that there seems to be no decent book on Investment Theory out there, and that, in that sense, this one might be slightly better than others on the market...
Yet, reading most of the book for an Investment course, I found it to be unnecessarily wordy, often VERY repetitive, and unclear about the basic conceptual ideas behind the theory.
Most of the problems stem from the fact that the mathematics used is overly simplistic, and that no effort is made to focus on clear ideas. Instead of presenting the CAPM and APT models by formally setting the conceptual framework, stating the assumptions, introducing proper mathematical tools to tackle the development, and coming back to highlight key concepts, the book tries to circumvent any slightly difficult area by providing an endless string of confused explanations. The CAPM and APT models are not easy to REALLY grasp and although the book provided me with some "quick-fix" tools and basic definitions to address practical problems, it did not give me any insight into the underlying concepts and ideas. And without that, there is no real and lasting understanding...
The book is definitely not for readers looking for a mathematically formal coverage of the topic and might be better suited to Business students seeking a very basic introduction. But even then, I am not sure that a 700+ pages book of muddled diatribes is appropriate...
3 of 3 people found the following review helpful:
 4th edition, 2006-06-23
This book is well organized, but you better have a solid calc and stats theory background. The newest edition has more chapters. Book is more wordy than concise.
2 of 7 people found the following review helpful:
 Highly recommended textbook, 2006-01-23
Great book! It's comprehensive and easy to understand. Highly recommended textbook.
4 of 9 people found the following review helpful:
Resourceful: Do You Like Intellectual Pain?, 2005-11-22
This is the tome used in top MBA programs across the US.
It's comprehensive and filled with "extras" like website recs and sample CFA questons.
Everything you need to know is here.
2 thumbs up.
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