Preparing this tenth edition has been challenging for two reasons. First, we continue to experience rapid changes in the securities markets in terms of theory, new financial instruments, innovative trading practices, and the fallout from the significant credit and liquidity disruption and the numerous regulatory changes that followed. Second, a mentioned in prior editions, capital markets continue to become very global in nature.

    Consequently, early in the book we present the compelling case for global investing. Subsequently, to ensure that you are prepared to function in a global environment, almost every chapter discusses how investment practice or theory is influenced by the globalization of investments and capital markets. This completely integrated treatment is to ensure that you develop a broad mindset on investments that will serve you well in the 21st century.

Part 1 The Investment Background
Part 2 Developments in Investment
Part 3 Valuation Principles and Practices
Part 4 Analysis and Management of Common Stocks
Part 5 Analysis and Management of Bonds
Part 6 Derivative Security Analysis
Part 7 Specification and Evaluation of Asset Management