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[...]

We are pleased to present this Global Edition, which has been developed specifically to meet the needs of international Investment students. A market leader in the field, this text introduces major issues of concern to all investors and places emphasis on asset allocation. It gives students the skil[...]

Bodie, Kane, and Marcus' Investments 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, meaning that most securitie[...]