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Investment Analysis and Portfolio Management, Sixth Edition (平装)
by Frank K. Reilly, Keith C. Brown
| Category:
Investment, Finance, Textbooks |
| Market price: ¥ 408.00
MSL price:
¥ 388.00
[ Shop incentives ]
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| Stock:
Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
MSL rating:
 Good for Gifts |
| MSL Pointer Review:
In-depth analysis covering global implications of the investment decision process and a written in a fine analytical style, this text is good for those beginning a serious study of investing. |
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AllReviews |
1 Total 1 pages 6 items |
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M. Niles (MSL quote), USA
<2006-12-29 00:00>
I was fortunate to take investment analysis with Prof. Keith Brown at UT Austin. He is the best professor I've had in any subject at any level of education. While his excellent teaching skills cannot be conveyed entirely in a book, this is nevertheless an excellent academic textbook for someone preparing for the CFA, or for someone with an MBA looking to go into investment management. Tons of great problems and exercises! |
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A reader (MSL quote), USA
<2006-12-29 00:00>
As an introduction to traditional finance, this is a very good book. Most recent financial innovations that got a company like Enron into trouble are not covered, however. In addition, other off-balance sheet products that are financings or are fungible with bonds aren't covered. For instance, total return swaps and the exploding credit derivatives market are ignored, and that is a shortcoming in a book on portfolio theory and the capital markets.
Credit derivatives and total return swaps are used to round out and diversify both equity and bond portfolios. |
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Mark Yelavich (MSL quote), USA
<2006-12-29 00:00>
This is an excellent book on Investment Analysis and one of the best books recommended by the CFA Institute for its curriculum.
I commend the authors for providing a solid foundation (chapters 1-9 on the Investment Background and Theory) before moving on to the heart of this book, namely security analysis (stocks, bonds and derivatives).
This book succeeds in teaching material in a variety of ways. Here are some things I appreciated:
1) Chapters begin by providing readers with an overview
2) Terms and concepts are defined
3) Formulas are presented, followed by practical examples
4) Investments are presented in a global perspective
5) Authors help the readers work through the examples by providing calculations
6) "Real world" situations and break-out boxes are used frequently
7) Authors get you think by asking questions beforehand.
8) Excellent chapter end question sets, many with CFA focus
A hidden gem of this book is found with the extensive references to relevant website links. The authors advise you on where to look for additional topical information. A great "value added" feature of this book.
The authors have also written a solutions guide to the chapter end problem set which is tremendously helpful.
What a pleasure it is to read this book - it truly deserves a 5 star rating!!
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Roselan (MSL quote), Malaysia
<2006-12-29 00:00>
I would have given Reilly's book a five (5) star if its explanation had been slightly simpler and there were key check figures / solutions for chapter exercises & problems at the back. The coverage on most topics in both Investment and Portfolio parts has been written in much depth supported by research from various well-known journals. I have 3 editions of this same book (1989, 1997 and 2001 - the one just before this edition) and each time Reilly has improved & updated it a great deal. This is the ONLY textbook which really examines the subject of PORTFOLIO MANAGEMENT in detail (especially on bond & derivatives) unlike other texts which merely "introduce" the subject after covering the Investment Analysis part in some depth. Even though it is meant for those who have some knowledge of finance or basic investment, its comprehensiveness makes it a great reader for those who want to know more about the subject e.g. advanced undergraduate in business. Excellent text for those pursuing MBA in Finance or CFA professional qualification but will require some assistance in getting the problem figures checked. Overall, a fantastic piece of work; unfortunately not meant for self-study. |
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Scott Frush (MSL quote), USA
<2006-12-29 00:00>
In my judgment, this book is one of the leading academic books on all things Wall Street. Yes, it is true that this book is difficult to read at times, however, this book was never intended to be all things to all people. This is a text book written for staunch investment professionals and those seeking to become one. The mere fact that this "R&B" book is part of the CFA exam curriculum should say it all.
All of the bases are covered, from fixed-income and equities to real estate and international investing. Special emphasis is placed on the CFA exam and provides sample questions to help in study preparation for the exam.
More specifically, Reilly's book is divided into the following parts:
(1) The Investment Background
(2) Development in Investment Theory
(3) Valuation Principles and Practices
(4) Analysis and Management of Bonds
(5) Analysis of Common Stocks
(6) Derivative Security Analysis
(7) Investment Companies and Evaluating Portfolio Performance
This book should be on the bookshelf of anyone desiring to become or currently employed as a securities analyst, portfolio manager, investment consultant or any other investment professional. This book and Reilly's mentoring in graduate school were highly instrumental with my own book, Understanding Asset Allocation (McGraw-Hill). Frank Reilly is a professor of finance at the University of Notre Dame and past Chairman of the CFA Institute.
If you are specifically seeking a basic or introductory book on investing, this is probably not for you. For everything else, I highly recommend this book. |
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Melvin (MSL quote), USA
<2006-12-29 00:00>
Whether encountered through an MBA equity analysis course or the CFA program, Investment Analysis will be an indispensable reference book for investment analysts, fund managers, and finance professionals for years to come. Although it is not an introductory finance text, it covers most of the basics. The book also delves on esoteric about derivatives, value investing, hybrid securities, and hedging. All in all, Investment Analysis is a good textbook that will be appreciated by academics, professionals and students alike. |
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1 Total 1 pages 6 items |
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