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INVESTMENT MANAGEMENT: THEORY AND APPLICATION
Investment is the commitment of funds with the expectation of a positive return commen- surate with the level of risk assumed. Such funds may be committed to government or corporate securities; commodities, currency, and financial futures; real estate, options; and other vehicles (gems and antiques, for example) with a potential for preserving and adding to the investor's wealth.
This book will deal with investment as seen by the financial analyst; it will discuss in detail the instruments available to investors, the techniques used to measure and deal with risk, and systematic methods for constructing portfolios of seemingly unrelated securities.
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