An Introduction to Risk and Return from Common Stocks [Paperback]

Richard A. Brealey (Author)

Book Description

ISBN-10: 0262521164 | ISBN-13: 978-0262521161 | Publication Date: October 9, 1986 | Edition: second edition

Richard Brealey presents a brief, nontechnical description of current research on investment management and its implications for the investment manager. He covers market efficiency, valuation, and modern portfolio theory in a book that The New York Times noted "rates high as reading for every professional investor."Brealey's easy-to-understand approach to modern investment theory will also prove invaluable to students. The book evaluates the use of technical models and fundamental analysis for common stock selection, examining the implications of the random walk hypothesis, publicly available information, and the efficient market theory. It takes up the valuation of common stocks and reasons for fluctuations in earnings and deals with the choice of a common stock portfolio, discussing how stocks move together, the effect of the market on stock prices, passive and active portfolios, risk and return, and measuring investment performance.Richard A. Brealey is Midland Bank Professor of Corporate Finance and Director of the London Business School's Institute of Finance and Accounting.

Editorial Reviews

Review

"At last, a clear, lucid, simplified discussion of risk/return principles in equity investing.... A work like this is worth any six books on how to get-richquick. Should be a staple in any investment library." The Stock Market Magazine

About the Author

Richard Brealey is Emeritus Professor of Finance at London Business School.

Product Details

• Paperback: 198 pages
• Publisher: The MIT Press; second edition edition (October 9, 1986)
• Language: English
• ISBN-10: 0262521164
• ISBN-13: 978-0262521161
• Product Dimensions: 7.8 x 5.3 x 0.6 inches
• Shipping Weight: 6.4 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #2,514,004 in Books (See Top 100 in Books)

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