INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT, Tenth Edition, teaches readers how to manage their money to derive the maximum benefit from what they earn. From asset allocation to selecting investments in a global market, this book gives readers a solid foundation in personal finance and presents the same tools used extensively by professionals, organizations, and schools across the country. Filled with real-world illustrations and hands-on applications, this book takes a rigorous, empirical approach to modern topics such as investment instruments, capital markets, behavioral finance, international investing, globalization, the impact of the 2008 financial market crisis, and changes in rating agencies and government agencies such as Fannie Mae and Freddie Mac. Practical and up-to-date, the book is an excellent resource for those with both a theoretical and practical need for investment expertise.

PART1 The Investment Background 1. The investment setting 2. The asset allocation decision 3. Selecting investments in a global market 4. Organization and functioning of securities markets 5. Security market indexes PART2 Developmetns in Inverstment Theory 6. Efficient capital markets 7. An introduction to portfolio management 8. An introduction to asset pricing models 9. Multifactor models of risk and return PART3 Valuation Principles and Practices 10. Analysis of financial statements 11. An introduction to security valuation PART4 Analysis and Management of Common Stocks 12. Macroanalysis and microvaluation of the stock market 13. Industry analysis 14. Company analysis and stock valuation 15. Technical analysis 16. Equity portfolio management strategies PART5 Analysis and Management of Bonds 17. Bond fundamentals 18. The analysis and valuation of bonds 19. Bond portfolio management strategies PART6 Derivative Security Analysis 20 An introduction to derivative markets and securities 21. Forward and futures contracts 22. Option contracts 23. Swap contracts, convertible securities, and other embedded derivatives PART7 Specification and Evaluation of Asset Management 24. Professional money management, alternative assets, and industry ethics 25. Evaluation of portfolio performance