Geoffrey A. Hirt,
DePaul University Stanley B. Block,
Texas Christian University
ISBN: 0078034620 Copyright year: 2012
What's New
The text has been extensively reorganized to include modern coverage and improve the flow of material.
Additional material on behavioral finance:
Chapter 10, formerly Technical Analysis, is now Behavioral Finance and Technical Analysis. Introductory material on behavioral finance appears at
the beginning of the chapter, and the chapter shows where technical analysis can interpret some of the behavior observed in investors.
A greatly expanded section on portfolio management:
The last section of the book now includes the introductory theory and portfolio management chapter, followed by duration and bond portfolio
management, international investing, real assets, a new chapter entitled Alternative Investments: Hedge Funds and Private Equity, and a final
chapter on measuring investment performance.
Placement of the mutual fund chapter:
The mutual fund chapter has been moved up from Chapter 18 to Chapter 4. This fits with the investing goals and objectives covered in Chapter 1 and
meshes with the stock market index material in Chapter 2. More information about exchange-traded funds has also been added to this chapter.
Each chapter has been updated to reflect the most current information in today's world of investment management. Significant new
and updated content coverage includes material related to the financial crisis, such as the subprime mortgage market, credit default swaps, Federal
Reserve Policy, and other related topics.
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