This applications-oriented text transitions from theory to practice in a clear, straightforward manner. An ideal text for schools that do not have a "pure" portfolio course, it accomplishes the objectives of both a traditional investments course and a portfolio theory course. The book balances coverage of both the small and large investor, and offers unique coverage of topics not found in other texts, such as fiduciary duty and investment policy. Numerous references and questions from the CFA exam are also included.
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After reviewing the basic principles of finance, this textbook explains the purpose of stating an investment policy and describes techniques for formulating an investment strategy and constructing the portfolio itself. Strong (University of Maine) also explores how to develop a game plan for portfolio revision, performance evaluation, and risk redu
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