Descripciones mejoradas de Syndetics:

Details the variety of securities available, the markets in which they are traded, mechanics of securities training, and insight into the important concept of risk and return.
* Examines portfolio analysis, valuation and management of stocks and bonds.
* This edition also discusses investing on the internet throughout the book, and offers a helpful list of the best websites to visit.

Tabla de contenidos provista por Syndetics

• Part 1 Background
• 1 Understanding Investments(p. 1)
• The Nature of Investments(p. 3)
• The Importance of Studying Investments(p. 4)
• Understanding the Investment Decision Process(p. 8)
• Important Considerations in the Investment Decision Process for Today's Investors(p. 12)
• Organizing the Text(p. 19)
• Summary(p. 20)
• Appendix 1-A The Chartered Financial Analyst (CFA) Program(p. 22)
• 2 Investment Alternatives(p. 24)
• Organizing Financial Assets(p. 25)
• Nonmarketable Financial Assets(p. 26)
• Money Market Securities(p. 28)
• Fixed-Income Securities(p. 29)
• Equity Securities(p. 38)
• Derivative Securities(p. 43)
• Summary(p. 47)
• Appendix 2-A Taxes and Investing(p. 50)
• 3 Indirect Investing(p. 51)
• Investing Indirectly(p. 53)
• What Is an Investment Company?(p. 55)
• Types of Investment Companies(p. 56)
• Major Types of Mutual Funds(p. 59)
• The Mechanics of Investing Indirectly(p. 65)
• Investment Company Performance(p. 69)
• Investing Internationally Through Investment Companies(p. 74)
• Exchange-Traded Funds (ETFs)(p. 75)
• The Future of Indirect Investing(p. 78)
• Summary(p. 79)
• Appendix 3-A Obtaining Information on Investment Companies
• 4 Securities Markets(p. 82)
• The Importance of Financial Markets(p. 83)
• The Primary Markets(p. 83)
• The Secondary Markets(p. 86)
• U.S. Securities Markets for the Trading of Equities(p. 86)
• The Changing Securities Markets(p. 106)
• The Globalization of Securities Markets(p. 107)
• Summary(p. 108)
• Appendix 4-A Stock Market Indexes
• 5 How Securities Are Traded(p. 111)
• Brokerage Transactions(p. 112)
• How Orders Work(p. 118)
• Investor Protection in the Securities Markets(p. 123)
• Margin(p. 127)
• Short Sales(p. 130)
• Summary(p. 133)
• Appendix 5-A The Details of Margin Accounts(p. 137)
• Part 2 Portfolio and Capital Market Theory
• 6 The Returns and Risks from Investing(p. 139)
• Return(p. 140)
• Risk(p. 142)
• Measuring Returns(p. 144)
• Taking a Global Perspective(p. 150)
• Measuring Risk(p. 155)
• Realized Returns and Risks from Investing(p. 159)
• Summary(p. 163)
• 7 Portfolio Theory(p. 172)
• Dealing with Uncertainty(p. 173)
• Portfolio Return and Risk(p. 176)
• Analyzing Portfolio Risk(p. 178)
• Modern Portfolio Theory (MPT)(p. 181)
• Measuring Comovements in Security Returns(p. 182)
• Calculating Portfolio Risk(p. 186)
• Efficient Portfolios(p. 191)
• Summary(p. 193)
• 8 Portfolio Selection(p. 199)
• Building a Portfolio Using Markowitz Principles(p. 200)
• Alternative Methods of Obtaining the Efficient Frontier(p. 206)
• Selecting Optimal Asset Classes--The Asset Allocation Decision(p. 210)
• The Impact of Diversification on Risk(p. 213)
• The Implications of the Markowitz Portfolio Model(p. 215)
• Summary(p. 216)
• 9 Asset Pricing Models(p. 220)
• Capital Market Theory(p. 221)
• The Equilibrium Return-Risk Tradeoff(p. 224)
• Estimating the SML(p. 232)
• Tests of the CAPM(p. 235)
• Arbitrage Pricing Theory(p. 236)
• Some Conclusions About Asset Pricing(p. 240)
• Summary(p. 240)
• Part 3 Common Stocks: Analysis, Valuation, and Management
• 10 Common Stock Valuation(p. 248)
• Discounted Cash-Flow Techniques(p. 249)
• Relative Valuation Techniques(p. 263)
• Which Approach to Use?(p. 270)
• Bursting the Bubble on New Economy Stocks--A Lesson in Valuation(p. 271)
• Some Final Thoughts on Valuation(p. 272)
• Summary(p. 272)
• Appendix 10-A The Constant-Growth Version of the Dividend Discount Model(p. 280)
• Appendix 10-B The Analysis and Valuation of Preferred Stock
• 11 Common Stocks: Analysis and Strategy(p. 282)
• Taking a Global Perspective(p. 283)
• Analyzing Some Important Issues Involving Common Stocks(p. 284)
• Building Stock Portfolios(p. 287)
• The Passive Strategy(p. 288)
• The Active Strategy(p. 291)
• Approaches for Analyzing and Selecting Stocks(p. 302)
• A Framework for Fundamental Analysis(p. 304)
• Summary(p. 309)
• 12 Market Efficiency(p. 312)
• The Concept of an Efficient Market(p. 313)
• Evidence on Market Efficiency(p. 318)
• Implications of the Efficient Market Hypothesis(p. 325)
• Evidence of Market Anomalies(p. 327)
• Some Conclusions About Market Efficiency(p. 336)
• Summary(p. 338)
• Part 4 Security Analysis
• 13 Economy/Market Analysis(p. 342)
• Taking a Global Perspective(p. 343)
• Assessing the Economy(p. 344)
• Understanding the Stock Market(p. 351)
• Making Market Forecasts(p. 355)
• Summary(p. 364)
• Appendix 13-A Published Information About the Economy--Government Publications
• 14 Sector/Industry Analysis(p. 368)
• What Is an Industry?(p. 369)
• The Importance of Industry/Sector Analysis(p. 370)
• Analyzing Sectors/Industries(p. 374)
• Using Sector/Industry Analysis as an Investor(p. 378)
• Summary(p. 382)
• Appendix 14-A Sources of Industry Information
• 15 Company Analysis(p. 386)
• Fundamental Analysis(p. 387)
• The Accounting Aspects of Earnings(p. 388)
• Analyzing a Company's Profitability(p. 400)
• Earnings Estimates(p. 403)
• The P/E Ratio(p. 408)
• Fundamental Security Analysis in Practice(p. 411)
• Summary(p. 415)
• Appendix 15-A Sources of Information for Common Stocks
• 16 Technical Analysis(p. 423)
• What Is Technical Analysis?(p. 424)
• Stock Price and Volume Techniques(p. 427)
• Technical Indicators(p. 437)
• Testing Technical Analysis Strategies(p. 440)
• The Ebb and Flow of Technical Analysis(p. 441)
• Some Conclusions About Technical Analysis(p. 442)
• Summary(p. 444)
• Part 5 Fixed-Income Securities: Analysis, Valuation, and Management
• 17 Bond Yields and Prices(p. 448)
• Bond Yields(p. 449)
• Bond Prices(p. 458)
• Bond Price Changes(p. 460)
• Summary(p. 470)
• Appendix 17-A Convertible Bonds
• 18 Bonds: Analysis and Strategy(p. 477)
• Why Buy Bonds?(p. 478)
• Important Considerations in Managing a Bond Portfolio(p. 480)
• Bond Strategies(p. 488)
• Building a Fixed-Income Portolio(p. 496)
• Summary(p. 500)
• Part 6 Derivative Securities
• 19 Options(p. 504)
• Why Have Derivative Securities?(p. 505)
• Introduction(p. 505)
• Understanding Options(p. 507)
• Payoffs and Profits from Basic Option Positions(p. 511)
• Some Basic Options Strategies(p. 515)
• Option Valuation(p. 522)
• An Investor's Perspective on Puts and Calls(p. 530)
• Stock-Index Options(p. 532)
• Summary(p. 535)
• Appendix 19-A Spreads and Combinations
• Appendix 19-B Warrants
• 20 Futures(p. 540)
• Understanding Futures Markets(p. 541)
• The Structure of Futures Markets(p. 544)
• The Mechanics of Trading(p. 545)
• Using Futures Contracts(p. 548)
• Financial Futures(p. 550)
• Summary(p. 561)
• Appendix 20-A Futures Options
• Part 7 Investment Management
• 21 Portfolio Management(p. 565)
• Portfolio Management as a Process(p. 566)
• Formulate an Appropriate Investment Policy(p. 569)
• Determine and Quantify Capital Market Expectations(p. 574)
• Developing and Implementing Investing Strategies(p. 578)
• Monitor Market Conditions and Investor Circumstances(p. 580)
• Rebalancing the Portfolio(p. 581)
• Performance Measurement(p. 583)
• Summary(p. 583)
• 22 Evaluation of Investment Performance(p. 587)
• Framework for Evaluating Portfolio Performance(p. 588)
• Return and Risk Considerations(p. 592)
• Risk-Adjusted Measures of Performance(p. 594)
• Problems with Portfolio Measurement(p. 602)
• Other Issues in Performance Evaluation(p. 603)
• Summary(p. 604)
• Glossary(p. 611)
• Interest Tables(p. 619)
• Index(p. 629)

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