An Introduction to Risk and Return from Common Stocks

Richard A. Brealey

ISBN 10: 0262020475 / ISBN 13: 9780262020473

Published by The MIT Press Ltd (edition First Edition), 1969

About this Item

The item might be beaten up but readable. May contain markings or highlighting, as well as stains, bent corners, or any other major defect, but the text is not obscured in any way.

Seller Inventory # 0262020475-7-1

Bibliographic Details

• Title: An Introduction to Risk and Return from Common Stocks
• Publisher: The MIT Press Ltd (edition First Edition)
• Publication Date: 1969
• Language: English
• ISBN 10: 0262020475
• ISBN 13: 9780262020473
• Binding: Hardcover
• Edition: First Edition.
• Condition: Fair

About this title

Synopsis

Richard Brealey presents a brief, nontechnical description of current research on investment management and its implications for the investment manager. He covers market efficiency, valuation, and modern portfolio theory in a book that The New York Times noted "rates high as reading for every professional investor."

Brealey's easy-to-understand approach to modern investment theory will also prove invaluable to students. The book evaluates the use of technical models and fundamental analysis for common stock selection, examining the implications of the random walk hypothesis, publicly available information, and the efficient market theory. It takes up the valuation of common stocks and reasons for fluctuations in earnings and deals with the choice of a common stock portfolio, discussing how stocks move together, the effect of the market on stock prices, passive and active portfolios, risk and return, and measuring investment performance.

Richard A. Brealey is Midland Bank Professor of Corporate Finance and Director of the London Business School's Institute of Finance and Accounting.

About the Author

Richard Brealey is Emeritus Professor of Finance at London Business School.