5/01/2012

Essentials of Investments with S&P card (The Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate) Review

Essentials of Investments with SandP card (The Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate)
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The book written in investment lingo, is by far the most hideous attempt I have ever seen reading a finance textbook. The explanations lack clarity and simplicity. If this is an intro for students to get excited about investment, it should be taken into consideration to revise the edition and make it much more user friendly. Everyone is able to follow simple formulas in excel, however it would also help to explain what the outcome is going to tell and why. Statistics like the standard deviation, the co-efficient, variance, as well as the co-efficient variation are explained in a very confusing way and the attempt to make up for it by using long formulas are not helping to make it any easier to understand the material. It takes hours to read through one chapter alone - the fun of investing is certainly numbed using this textbook for finance classes.

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The market leading undergraduate investments textbook, Essentials of Investments, 8e by Bodie, Kane and Marcus, emphasizes asset allocation while presenting the practical applications of investment theory. The authors have eliminated unnecessary mathematical detail and concentrate on the intuition and insights that will be useful to practitioners throughout their careers as new ideas and challenges emerge from the financial marketplace. The eighth edition has been fully updated to reflect the recent financial crisis and includes a new chapter on Hedge Funds.

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