- Scott B. Smart |
- Chad J. Zutter |
Title overview
For investment courses.
Core concepts and tools to help you make informed investment decisions
Fundamentals of Investing uses hands-on applications and examples to introduce topics and techniques used by personal investors and money managers. The text focuses on individual securities and portfolios, teaching students to consider the risk and return of different investment types and how to use this knowledge to achieve financial goals. A learner-centric framework keeps readers focused while a conversational tone makes the strategies accessible.
The 14th Edition features new topics and events, so students are equipped to develop, implement and monitor a successful investment program.
Hallmark features of this title
- A Learning Goal System frames each chapter, providing an accessible layout and clear roadmap that links headers, summaries, questions and cases.
- A clear focus on the individual investor gives students the basic tools and techniques they need to develop, implement and monitor a successful investment program.
- The use of real data in examples, tables, figures and problems, helps students make real-world connections to the information.
- End-of-chapter summaries integrate chapter content with online resources, helping students to better retain the material.
- Concepts in Review questions let students test their understanding before moving on to the next section.
- A flexible chapter structure allows professors to easily integrate the text into their syllabi.
New and updated features of this title
- UPDATED: Coverage of timely topics and changes in the investment environment include recent financial crises and scandals.
- REVISED: End-of-chapter problems give students experience in integrating, investigating and analyzing key concepts.
- UPDATED: Excel@Investing sections provide students with online access to copies of most Excel tables in the text that involve calculations, so they can see how changing key assumptions affect results.
- UPDATED: QR codes let students access videos and other web content that elevates the topical coverage of each chapter.
- NEW: Investor Mistakes and New Watch Your Behavior boxes highlight investment lessons gleaned from behavioral finance professionals.
- UPDATED: Famous Failures in Finance boxes highlight lessons from the financial crisis. They also identify “problem areas” in the investment world such as market crashes, ethical scandals, and the failure to act in the client's best interest.
Key features
Features of MyLab Finance for the 14th Edition
- NEW: Pearson eText is an easy-to-use digital textbook, available with MyLab, which lets students read, highlight and take notes all in one place, even when offline.
- NEW: GeoGebra animations for select in-chapter figures and examples allow students to manipulate key model inputs in order to determine outputs, thereby reinforcing student learning.
- The Study Plan gives students personalized recommendations, practice opportunities and learning aids to help them stay on track.
- Question Help in homework and practice questions help students master the concepts. Learning aids walk them through the problem, providing assistance when they need it most.
- Using proven, field-tested technology, auto-graded Excel Projects let you seamlessly integrate Microsoft® Excel® content into your course without having to manually grade spreadsheets.
Table of contents
1. The Investment Environment
2. Securities Markets and Transactions
3. Investment Information and Securities Transactions
4. Return and Risk
Appendix 4A. The Time Value of Money
5. Modern Portfolio Concepts
6. Common Stocks
7. Analyzing Common Stocks
8. Stock Valuation
9. Market Efficiency and Behavioral Finance
10. Fixed-Income Securities
11. Bond Valuation
12. Mutual Funds and Exchange-Traded Funds
13. Managing Your Own Portfolio
14. Options: Puts and Calls
15. Futures Markets and Securities
16. Investing in Preferred Stocks
17. Tax-Advantaged Investments
Author bios
About our authors
Scott B. Smart is a finance professor and the Whirlpool Finance Faculty Fellow at the Kelley School of Business at Indiana University. Dr. Smart received his BBA from Baylor University and his MA and PhD from Stanford University. His research focuses primarily on applied corporate finance topics and has been published in journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Corporate Finance, Financial Management, and others. His articles have been cited by business publications including The Wall Street Journal, The Economist, and Business Week. Winner of more than a dozen teaching awards, Dr. Smart has been listed multiple times as a top business school teacher by Business Week. He has held Visiting Professor positions at the University of Otago and Stanford University, and he worked as a Visiting Scholar for Intel Corporation, focusing on that company's mergers and acquisitions activity during the ‘‘Dot-com'' boom in the late 1990s. As a volunteer, Dr. Smart currently serves on the boards of the Indiana University Credit Union and Habitat for Humanity. In his spare time he enjoys outdoor pursuits such as hiking and fly fishing.
Chad J. Zutter is a finance professor and the Dean's Excellence Faculty Fellow at the Katz Graduate School of Business at the University of Pittsburgh. Dr. Zutter received his BBA from the University of Texas at Arlington and his PhD from Indiana University. His research has a practical, applied focus and has been the subject of feature stories in, among other prominent outlets, The Economist and CFO Magazine. His papers have been cited in arguments before the US Supreme Court and in consultation with companies such as Google and Intel. Dr. Zutter won the prestigious Jensen Prize for the best paper published in the Journal of Financial Economics and a best paper award from the Journal of Corporate Finance, where he is currently an Associate Editor. He has won teaching awards at the Kelley School of Business at Indiana University and the Katz Graduate School of Business at the University of Pittsburgh. Dr. Zutter also serves on the board of Lutheran SeniorLife and, prior to his career in academics, he was a submariner in the US Navy. Dr. Zutter and his wife have 4 children and live in Pittsburgh, Pennsylvania. In his free time he enjoys horseback riding and downhill skiing.