Investments: Principles of Portfolio and Equity Analysis (CFA Institute Investment Series)


Product Description
A comprehensive guide to investment analysis and portfolio management by an expert team from the CFA InstituteIn a world of specialization, no other profession likely requires such broad, yet in-depth knowledge than that of financial analyst. Financial analysts must not only possess a broad understanding of the financial markets-including structure, organization, efficiency, portfolio management, risk and return, and planning and construction-but they must also have a strong sense of how to evaluate industries and companies prior to engaging in an analysis of a specific stock. Investments: Principles of Portfolio and Equity Analysis provides the broad-based knowledge professionals and students of the markets need to manage money and maximize return. The book
- Details market structure and functions, market anomalies, secondary market basics, and regulation
- Describes investment assets and asset classes, types of positions and orders, as well as forecasting methodologies
- Discusses return and risk characteristics, portfolio diversification and management, the basics of both technical analysis and major technical indicators, and much more
- A companion Workbook, which includes learning outcomes, summary overviews, and problems and solutions sections is available and sold separately
Investments provides readers unparalleled access to the best in professional quality information on investment analysis and portfolio management.
Investments: Principles of Portfolio and Equity Analysis (CFA Institute Investment Series) Review
For the most part, this looks like a standard investment text. The major topics for a course on investments is covered. To be fair, any investment text you get from the past decade or two will likely have most of the same major topics. It is well-written and well-organized, which is helpful.In my opinion, there are two areas that this text adds value. First, the discussion on technical analysis is very good. Second, since this book has a 2011 copyright, some of the data is updated relative to older texts. This latter is my main reason for getting new finance texts.
Therefore, if you are a finance newbie, you will benefit from this text. However, for intermediate or advanced finance students, you will likely have read other texts that cover pretty much the same topics. In my opinion, unless those texts are old (i.e., the data and research presented are dated), you likely don't need to consider getting this text or any other text on investments for that matter.
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