Part I covers procedures for selecting investments: a set of rules for the intelligent selection of investments under conditions of risk.

In this book, Sharpe changes that by setting out his state-of-the-art approach to asset pricing in a nonmathematical form that will be comprehensible to a broad range of investment professionals, including investment advisors, money ...

The subject matter for this edition of Investments has evolved considerably since 1978 when the first edition was published.

While the book presents a thorough discussion of investments, the authors keep the material practical, relevant, and easy to understand.

The book also contains many exercises of varying degrees of difficulty together with hints and solutions.