Investments

by Zvi Bodie, Alex Kane, Alan Marcus

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 securities are priced appropriately given their risk and return attributes. The text places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. It is also the only graduate Investments text to offer an online homework management system, McGraw-Hill’s Connect Finance.

Genres: Finance, Business, Textbooks, Economics, Nonfiction, Reference, School

1056 pages, Hardcover

First published February 1, 1989

About the author

Zvi Bodie is the Norman and Adele Barron Professor of Management at Boston University. He has published widely on pension finance and investment strategy in leading professional journals.

Bodie's books include Foundations of Pension Finance, Pensions in the U.S. Economy, Issues in Pension Economics, and Financial Aspects of the U.S. Pension System. His textbook, Investments, is the market leader and is used in the certification programs of the CFA Institute and the Society of Actuaries. His textbook Financial Economics is coauthored by Robert C. Merton.

He has served on the finance faculty at the Harvard Business School and MIT Sloan School of Management. He sits on the QFINANCE Advisory Board.[citation needed] In 2007 the Retirement Income Industry Association gave Bodie their Lifetime Achievement Award for applied research.

He holds a Ph.D in economics (1975) from the Massachusetts Institute of Technology.

Reviews

[Greg · Rating 4 out of 5]

This is a good text for learning the basics of portfolio theory. It is not an advanced text. There is also not enough calculus. Its main weakness is that some material could have been skipped to make room for more advanced content because students already should have had CAPM and basic time-value of money as part of the core curriculum.

[Muhammad Nawawy Arasy Padil · Rating 3 out of 5]

If you find yourself rejecting safe investments because they are not profitable enough, you are asking the wrong questions. If you spurn insurance simply because the premiums put a crimp in your returns, you may be destined for disappointment—and possibly loss.”
― Zvi Bodie

[Yuan · Rating 4 out of 5]

The context is good but the smart learning technology is too annoying.

[Håvard · Rating 2 out of 5]

Didnt be rich, 2/5.

[Andrew · Rating 5 out of 5]

Great overview of finance

[Kem Bong · Rating 4 out of 5]

This book is the textbook for Harvard Investment course so the content is dense and full of info, i substract 1 star (or 0.5 star) just because it is a small book, like the size of a page is too small for the info it contains, it is hard to read, if only this book is 1.5x the size then it will be a full 5 stars. Be comfortable with math because this book is math, all of it, theories are all explained in math, it's easier that way than plain theories, you will have questions every now and then to review the content you just learn. It tries to cover as many areas as possible so it wont go too deep into each, you will need to go to the reference to learn more about the details of each topic if you wanna make use of it, not just pass the exam ^^ All in all a good textbook, i can only complain about the size, size does matter ;))

[Rajhesh Panchanadhan]

"The integrated solutions for Bodie, Kane, and Marcus' Investments set the standard for graduate/MBA investments textbooks. The unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The content places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. Connect is the only integrated learning system that empowers students by continuously adapting to deliver precisely what they need, when they need it, and how they need it, so that your class time is more engaging and effective." --

[Adam Marcovitz · Rating 3 out of 5]

Pros: very thorough explanation of Canadian financial markets and financial instruments. Quality insight on the EMH debate and asset pricing inefficiencies. Written with understanding and learning in mind.

Cons: I had to sell my soul

[Yaw · Rating 4 out of 5]

Awesome material

[M · Rating 3 out of 5]

A good encapsulation of the supplements to investing.

[Lailai · Rating 4 out of 5]

I still remember how difficultly I read it for I chose it as the first financial book to read.

['Ella · Rating 4 out of 5]

Very comprehensive textbook. Its contents are not particularly advanced but they're explained thoroughly. I would say it's more of an undergraduate textbook, rather than a postgraduate one.

[Krishna Mootoosamy · Rating 5 out of 5]

Brilliant textbook! Got me through my Capital Markets and Corporate Finance modules with flying colours.
The book is very well written and structured - examples are constantly given to improve your understanding, and all information is given at pace where readers can understand a concept thoroughly and then build upon it.

Great investment... will pay off dividends.

[Linh Nguyen · Rating 3 out of 5]

Well I did not finish the book since it is just too long and I did not have that much time before my final *hoping I wouldn't flunk*. If you want to go into stock investing you should check this out, the material is pretty basic and straight forward.

[Beber]

good

[Ana]

School book - very complex and useful

[Angela · Rating 1 out of 5]

DNF

[Jason · Rating 5 out of 5]

Very comprehensive treatment of the subject.

[Valters Bondars · Rating 4 out of 5]

8/10

[Max DT · Rating 2 out of 5]

wtf ew. fuck that module.

[Michelle · Rating 2 out of 5]

Hrmph, not very helpful for this class

[Huong]

good

[Gordon · Rating 4 out of 5]

Excellent coverage of Investment Finance, Financial Economics, and Capital Markets. I found this textbook more useful for all finance courses than any other. It even outstripped the texts assigned specifically for the courses. I highly recommend this text.

[Clement Ying · Rating 4 out of 5]

Standard textbook.

Not as brilliant as 'A Random Walk Down Wall Street'.