Investment Science (6th Edition) (6th Edition)

Author: William F. Sharpe
Publisher:
Publish Date: 2002-12-01
Features: The author systematically elaborates on the development of investment theory based on years of research in capital markets and extensive practical experience. It introduces portfolio analysis of securities, the Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT), and derivative instruments such as options and futures, as well as the latest research findings in investment theory. The book combines theoretical analysis with vivid case studies. Compared to other similar books, this one is highly theoretical yet practical, with rich content and innovative selections. It is a work based on the U.S. capital market, analyzing the general principles of capital markets. Investments (6th Edition) is an authoritative book in its field and a preferred textbook for many renowned universities in the U.S., as well as a reference for professionals in the financial industry. The book has been revised six times. All three authors are either distinguished professors in the U.S. or authorities in the field of finance. Among them, William F. Sharpe is a professor in the Department of Finance at Stanford University, former president of the American Finance Association, and the recipient of the Nobel Prize in Economics in 1990. In this edition, the authors systematically elaborate on the development of investment theory based on years of research in capital markets and extensive practical experience, introducing portfolio analysis of securities, the Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT), and derivative instruments such as options and futures, as well as the latest research findings in investment theory. The book combines theoretical analysis with vivid case studies. Compared to other similar books, this one is highly theoretical yet practical, with rich content and innovative selections, and is based on the U.S. capital market to analyze the general principles of capital markets. This book can be used as a textbook for senior undergraduate and graduate students in universities, as well as a reference for professionals in the financial industry.