Bodie, Kane, and Marcus' "Investments and Portfolio Management" sets the standard for graduate/MBA investments textbooks. It blends practical and theoretical coverage, while maintaining an appropriate rigor and a clear writing style. Its unifying theme is that security markets are nearly efficient, [...]
Blending practical and theoretical coverage, this book states that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. It places emphasis on asset allocation and offers a treatment of futures, options, and other derivat[...]