This book mixes description and theory. The descriptive material discusses available incestment instrument and considers the purpose and operation of capital market around the world. The theoretical details how to evaluate current investment and future opportunities to develop a portfolio of investment.
In this edition, many changes have occured in the securities market during the last few years in terms of theory, new financial instruments, and trading practices beside that capital markets have become inceasingly global in nature. Almost every chapter in this book discusses how investment practice or theory is influnced by the globalization of investment and capital market.