This rewritten and expanded edition introduces the general reader and the student to the principles of investment and portfolio management. Avoiding academic technicalities and mathematics, it nevertheless covers legal and theorectical developments. The book should be equally useful to individual investors, accountants and bankers. Students should find it the ideal introduction to stock price movements and risk analysis. Individual chapters explain random walks, the behaviour of earnings, risk measurement, forecasting and portfolio selection. Particularly valuable are the chapters showing how professionals "beat" the market, and how to measure and evaluate your own investment performance.
"synopsis" may belong to another edition of this title.
Richard Brealey is Emeritus Professor of Finance at London Business School.
At last, a clear, lucid, simplified discussion of risk/return principles in equity investing.... A work like this is worth any six books on how to get-richquick. Should be a staple in any investment library.
(The Stock Market Magazine)"About this title" may belong to another edition of this title.
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