This innovative text presents the theoretical foundations of security analysis and investment strategy, and explores the practical applications of these theories. After establishing an historical foundation, the book examines fixed income securities, equity analysis and investment strategy.

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• Assesses a range of approaches to investment analysis and strategy
  
• Develops an advanced treatment of the subject throughout, while remaining focused on the practical concerns of security analysts
  
• Features end-of-chapter questions, case studies and references
  
• Integrates history, theory, technique, and application

This text is an indispensable resource for any serious student of finance.

Online material to accompany this book can be found at www.blackwellpublishing.com/poitras

Geoffrey Poitras is Professor of Finance in the Faculty of Business Administration at Simon Fraser University, in Canada. He has worked as a Securities Analyst with the Bank of Canada in Ottawa, and has taught at various international institutions, including the National University of Singapore and Thammasat University in Thailand. Poitras is the author of The Early History of Financial Economics,1478‑1776 (2000); and Risk Management, Speculation, and Derivative Securities (2002) and has published numerous articles in the areas of finance, accounting, and economics.