Investment Science: A Global Perspective

Author: Francis J. Boyle (USA)
Publisher:
Publish Date: 2006-05-25
Features: This book pays more attention to many practical issues in the field of investment than most general textbooks. For example, Chapter 6 provides an overview of global multi-tiered stock markets, Chapter 10 analyzes price indices, Chapter 26 elaborates on technical analysis (also known as technical market analysis), and Part 7 introduces derivatives and alternative investment tools, all of which differ from general textbooks. In traditional investment textbooks, stock market hierarchies are rarely covered in detail, the analysis of price indices is brief, and technical market analysis is often considered outside mainstream investment theory and not discussed. The introduction to derivatives and alternative investment tools is more focused on theory and neglects practice. The authors of Investment: A Global Perspective emphasize these practical issues in investment not only because of their practical background but, more importantly, they articulate a crucial concept—investment is not just a theoretical issue but also a practical one. While modern investment theory continues to evolve theoretically, addressing the shortcomings of traditional investment theory's over-reliance on intuition and experience, it is also essential to avoid falling into the trap of "pure theory" and the pitfall of "armchair theorizing." As a textbook, this book is rich in content, well-structured, comprehensive, and clearly articulated, making it highly suitable for learners of all levels. It is co-authored by two finance professors who teach introductory investment, advanced investment, global investment, asset investment, asset allocation, security analysis, portfolio analysis, or derivatives each semester. This book is suitable for undergraduate or MBA investment courses. Introductory chapters can be covered within one semester, or the entire book can be used for a semester-long course. Chapters on similar topics are organized into parts, allowing instructors to flexibly select and arrange the order of chapters to meet their needs. Advanced courses primarily focus on the chapters in the latter half of the book. The instructor's manual includes "Introductory Course," "Two-Semester Course," "Security Analysis Course," and "Portfolio Analysis Course."
This book pays more attention to many practical issues in the field of investment than most general textbooks. For example, Chapter 6 provides an overview of global multi-tiered stock markets, Chapter 10 analyzes price indices, Chapter 26 elaborates on technical analysis (also known as technical market analysis), and Part 7 introduces derivatives and alternative investment tools, all of which differ from general textbooks. In traditional investment textbooks, stock market hierarchies are rarely covered in detail, the analysis of price indices is brief, and technical market analysis is often considered outside mainstream investment theory and not discussed. The introduction to derivatives and alternative investment tools is more focused on theory and neglects practice. The authors of Investment: A Global Perspective emphasize these practical issues in investment not only because of their practical background but, more importantly, they articulate a crucial concept—investment is not just a theoretical issue but also a practical one. While modern investment theory continues to evolve theoretically, addressing the shortcomings of traditional investment theory's over-reliance on intuition and experience, it is also essential to avoid falling into the trap of "pure theory" and the pitfall of "armchair theorizing." As a textbook, this book is rich in content, well-structured, comprehensive, and clearly articulated, making it highly suitable for learners of all levels.