Investment Management (2nd Edition)

Rating:
Summary: The book did not fill our expectations.
Review: Although the book has several outstanding sections on fixed income securities, the chapters related to stocks, in particular CAPM, are very disappointing. We adopted this text during the Winter quarter of 1998, and had a very difficult time explaining to our students the basics of stocks portfolio management. Later we have been using Professor's Ross excellent book on Corporate Finance for this purpose.