The purpose of the book is combining both of description and theory in a wonderful mix. The descriptive material discusses available investments instruments and considers the purpose and operational capital markets in the United States and around the world. The theoretical portion details how you should evaluate current investments and future opportunities to develop a portfolio of investments that will satisfied your risk-return objectives. The past five years has provided new challenges. Many changes have occurred in securities market, theory, new financial instrument and trading practices. Second, as mentioned in the prior edition, capital markets have gone global. There for it represent the compelling case for global investing. Subsequently, to ensure that you are ready to function in this new global environment, almost every part discuss how investment theory and practice influenced by globalization of investment and capital markets. This completely integrated treatment is to ensure a completely global mindset on investments that will serve well into the twenty-first century.