This book seeks to capture the essence of modern developments in investments and provides a guided tour of the intricate and complex world of investments.
Written by a highly acknowledged author and expert, this book:
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Describes a characteristics of various investment alternatives available to investors
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Discusses how the securities market functions
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Explains the techniques used by professionals for analyzing and valuing investment alternatives
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Discusses the implications of modern research in the field of investments
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Explains how financial derivatives like futures and options are valued
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Presents a framework for portfolio management
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Provides insights into the strategies followed by the investment wizards of the world
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Sensitizes the reader to the pitfalls of the investment game
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Offers a set of guidelines for investors with varying inclinations
Notable additions in this edition
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Two new chapters
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Two new appendixes
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Ten new sections
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Several new minicases
The accompanying CD contains: Additional solved problems, additional self-test problems and additional minicases, Excel spreadsheets, Supplementary notes
Investment Analysis and Portfolio Management is meant for:
Investment practitioners like equity researchers, portfolio managers, and investment counselors Lay investors interested in managing their investments in a rational and systematic manner MBA students taking a course in Investments (popularly called Security Analysis and Portfolio Management).
About the Author
Prasanna Chandra, MBA and PhD in Finance, is the Director of Centre for Financial Management, Bangalore. He has about four decades of teaching experience in postgraduate and executive education programmes. He was appointed a member of several committees, a consultant to and a board member of several organizations.
Table of Contents
Part I: Introduction
1. Overview: A Broad Map of the Territory
2. Investment Alternatives: Choices Galore
3. Securities Market: The Battlefield
Part II: Basic Concepts and Methods
4. Risk and Return: Two Sides of the Investment Coin
5. The Time Value of Money: The Magic of Compounding
6. Financial Statement Analysis: The Information Maze
Part III: Modern Portfolio Theory
7. Portfolio Theory: The Benefits of Diversification
8. Capital Asset Pricing Model and Arbitrage Pricing Theory: The Risk Reward Relationship
9. Efficient Market Hypothesis: The Collective Wisdom
10. Behavioural Finance: The Irrational Influences
Part IV: Fixed Income Securities
11. Bond Prices and Yields: Figuring out the Assured Returns
12. Bond Portfolio Management: The Passive and Active Stances
Part V: Equity Shares
13. Equity Valuation: How to Find Your Bearings
14. Macroeconomic and Industry Analysis: Understanding the Broad Picture
15. Company Analysis: Establishing the Value Benchmark
16. Technical Analysis: The Visual Clue
17. Options: The Upside Without the Downside
18. Futures: Where the Hedges and the Speculators Meet
Part VII: Other Investment Options
19. Mutual Funds: Indirect Investing
20. Investment in Real Assets: The Tangible Thing
21. International Investing: The Global Search
22. Portfolio Management: Investment Policy and Strategy: The Grand Design
23. Portfolio Management: Implementation and Review: The Specific Moves
24. Professional and Institutional Money Management: Seeking the Help of Experts
25. Guidelines for Investment Decisions: What It All Comes To
26. Strategies of the Great Masters: The Timeless Wisdom
