This innovative text presents the theoretical foundations of security analysis and investment strategy, and explores the practical applications of these theories. After establishing an historical foundation, the book examines fixed income securities, equity analysis and investment strategy.
Assesses a range of approaches to investment analysis and strategy
Develops an advanced treatment of the subject throughout, while remaining focused on the practical concerns of security analysts
Features end-of-chapter questions, case studies and references
Integrates history, theory, technique, and application
This text is an indispensable resource for any serious student of finance.
Online material to accompany this book can be found at www.blackwellpublishing.com/poitras
Geoffrey Poitras is Professor of Finance in the Faculty of Business Administration at Simon Fraser University, in Canada. He has worked as a Securities Analyst with the Bank of Canada in Ottawa, and has taught at various international institutions, including the National University of Singapore and Thammasat University in Thailand. Poitras is the author of The Early History of Financial Economics,1478-1776 (2000); and Risk Management, Speculation, and Derivative Securities (2002) and has published numerous articles in the areas of finance, accounting, and economics.
Detailed Contents. List of Figures. List of Tables. Notes for Instructors. Preface. Acknowledgments.. Part 1. Philosophy, History and Core Theory. The Philosophy of Investment. The History of Security Analysis. Theoretical Developments in Modern Finance.. Part 2. Fixed Income Valuation. Basics of Fixed Income Valuation. Convexity, Time Value and Immunization. Bonds with Embedded Options.. Part 3. Equity Valuation and Investment Strategy. Fundamental Analysis and Value Investing. Valuation Techniques for Equity Securities. Technical Analysis Demystified. Investment Strategy. References. Index.