Investment Analysis and Portfolio Management [Hardcover]

Frank K. Reilly (Author), Keith C. Brown (Author)

Book Description

ISBN-10: 0324171730 | ISBN-13: 978-0324171730 | Publication Date: October 18, 2002 | Edition: 7

The purpose of this book is to help you learn how to manage your money to derive the maximum benefit from what you earn. Mixing investment instruments and capital markets with the theoretical detail on evaluating investments and opportunities to satisfy risk-return objectives along with how investment practice and theory is influenced by globalization leaves readers with the mindset on investments to serve them well. The material is intended to be rigorous and empirical yet not overly quantitative. We continue with unparalleled international coverage, newly rewritten and reorganized derivatives material to be more intuitive and clearer, three additional chapters on derivatives pricing for those who want more detail, rewritten material on multifactor models of risk and return, and new CFA problems for more practice on computations concerning investment decisions. To manage money and investments, one needs to learn about investment alternatives and develop a way of analyzing and thinking about investments that will be of benefit and allow a foundation as new tools and investment opportunities become available. Reilly/Brown provide the best foundation, used extensively by professionals, organizations, and schools across the country. A great source for those with both a theoretical and practical need for investment expertise.

Editorial Reviews

About the Author

Frank K. Reilly, a Chartered Financial Analyst (CFA), is the Bernard J. Hank Professor of Finance, Mendoza College of Business, University of Notre Dame, where he served as dean from 1981-1987. Prior to 1981, Dr. Reilly was a professor at the University of Illinois at Urbana-Champaign, the University of Wyoming, and the University of Kansas. Recently, he was part of the inaugural group selected as a fellow of the Financial Management Association International. At the 2001 AIMR annual meeting in Los Angeles, he received the Daniel J. Forrestal III Leadership Award for Professional Ethics and Standards of Investment Practice. Among his other honors, Professor Reilly was included in the list of Outstanding Educators in America, received the Alumni Excellence in Graduate Teaching Award and the Outstanding Educator Award from the M.B.A. class at the University of Illinois, the Outstanding Teachers Award from the M.B.A. class at the University of Notre Dame, and the Faculty Award from the University of Notre Dame. He received his B.B.A. at the University of Notre Dame, his M.B.A. at Northwestern University, and his Ph.D. at the University of Chicago.

Keith C. Brown, a Chartered Financial Analyst (CFA), is the Jack S. Josey Professor, University Distinguished Teaching Professor, and Fayez Sarofim Fellow at the McCombs School of Business at the University of Texas at Austin, where he teaches Investments, Portfolio Management and Security Analysis, Capital Markets, and Derivatives courses at the BBA and MBA levels. He is director of the department's Hicks, Muse, Tate & Furst Center for Private Equity Finance and for 11 years served as president and CEO of The MBA Investment Fund, LLC, a private capital appreciation fund managed by UT graduate students. Professor Brown is cofounder and senior partner of Fulcrum Financial Group, a portfolio management and investment advisory firm located in Austin, Texas, and Las Vegas, Nevada. He serves as an advisor to the boards of the Teacher Retirement System of Texas and the University of Texas Investment Management Company. He is an associate editor for the JOURNAL OF INVESTMENT MANAGEMENT and the JOURNAL OF BEHAVIORAL FINANCE. He received his B.A. from San Diego State University and his M.S. and Ph.D. from Purdue University.

Product Details

• Hardcover: 1248 pages
• Publisher: South-Western College Pub; 7 edition (October 18, 2002)
• Language: English
• ISBN-10: 0324171730
• ISBN-13: 978-0324171730
• Product Dimensions: 10.2 x 8.2 x 2.2 inches
• Shipping Weight: 5.4 pounds
• Average Customer Review: 3.8 out of 5 stars  See all reviews (11 customer reviews)
• Amazon Best Sellers Rank: #337,056 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

37 of 38 people found the following review helpful:

4.0 out of 5 stars Very thorough! The only real book on PORTFOLIO MANAGEMENT, April 22, 2004

By 

"roeslan1969" (Kuala Lumpur, Malaysia) - See all my reviews

This review is from: Investment Analysis and Portfolio Management (Hardcover)

I would have given Reilly's book a five (5) star if its explanation had been slightly simpler and there were key check figures / solutions for chapter exercises & problems at the back. The coverage on most topics in both "Investment" and "Portfolio" parts has been written in much depth supported by research from various well-known journals. I have 3 editions of this same book (1989, 1997 and 2001 - the one just before this edition) and each time Reilly has improved & updated it a great deal. This is the ONLY textbook which really examines the subject of PORTFOLIO MANAGEMENT in detail (especially on bond & derivatives) unlike other texts which merely "introduce" the subject after covering the Investment Analysis part in some depth. Eventhough it is meant for those who have some knowledge of finance or basic investment, its comprehensiveness makes it a great reader for those who want to know more about the subject e.g advanced undergraduate in business. Excellent text for those pursuing MBA in Finance or CFA professional qualification but will require some asssitance in getting the problem figures checked. Overall, a fantastic piece of work; unfortunately not meant for self-study...

20 of 21 people found the following review helpful:

4.0 out of 5 stars Excellent compendium of theory and practice, December 10, 2003

By 

Melvin Sico "melvinsico" (Singapore) - See all my reviews

This review is from: Investment Analysis and Portfolio Management (Hardcover)

Whether encountered through an MBA equity analysis course or the CFA program, Investment Analysis will be an indispensable reference book for investment analysts, fund managers, and finance professionals for years to come. Although it is not an introductory finance text, it covers most of the basics. The book also delves on esoterica about derivatives, value investing, hydrid securities, and hedging. All in all, Investment Analysis is a good textbook that will be appreciated by academics, professionals and students alike.

16 of 17 people found the following review helpful:

5.0 out of 5 stars Solid Book on Investment Analysis, June 13, 2006

By 

Mark Yelavich (Roseville, California) - See all my reviews
(REAL NAME)   

This review is from: Investment Analysis and Portfolio Management (Hardcover)

This is an excellent book on Investment Analysis and one of the best books recommended by the CFA Institute for its curriculum.

I commend the authors for providing a solid foundation (chapters 1-9 on the Investment Background and Theory) before moving on to the heart of this book, namely security analysis (stocks, bonds and derivatives).

This book succeeds in teaching material in a variety of ways. Here are some things I appreciated:

1) Chapters begin by providing readers with an overview
2) Terms and concepts are defined
3) Formulas are presented, followed by practical examples
4) Investments are presented in a global perspective
5) Authors help the readers work through the examples by providing calculations
6) "Real world" situations and break-out boxes are used frequently
7) Authors get you think by asking questions beforehand.
8) Excellent chapter end question sets, many with CFA focus

A hidden gem of this book is found with the extensive references to relevant website links. The authors advise you on where to look for additional topical information. A great "value added" feature of this book.

The authors have also written a solutions guide to the chapter end problem set which is tremendously helpful.

What a pleasure it is to read this book - it truly deserves a 5 star rating!!