Investments
Economics school of JiLin University
Dingzhaoyong
The main references
William F3>. Sharpe Gordon J. Alexander Jeffery V. Bailey: Investments, (Fifth or Sixth Ed), Prentice Hall, 1995, 1999.
Zvi Bodie, Alex Kane & . Marcus: Investments, 5th Ed. McGraw-panies, Inc. ,2002。
威廉·F ·夏普,戈登·J·亚历山大,杰弗里·V ·贝利:《投资学》(5th)(中译本,上、下),中国人民大学出版社,1998。
[美]兹维·博迪,亚历克斯·凯恩,艾伦·J·马科斯:《投资学精要》(4th),中国人民大学出版社,2003。
The main references
[美]滋维·博迪,亚历克斯·凯恩,艾伦·J·马库斯:《投资学》(4th,中译本),***出版社,2000。
[美]兹维·博笛、罗伯特· C ·莫顿,《金融学》,中国人民大学出版社,2000 。
[美]艾伦·加特,《管制、放松与重新管制》,经济科学出版社,1999 。
[美]洛伦兹·格利茨,《金融工程学》,经济科学出版社,1998。
李扬、王国刚主编,《资本市场导论》,经济管理出版社,1998。
Chapter 1 Introduction
In this text we will to study investing in marketable securities. So we should focuses on the investment environment and investment process.
The investment environment passes the kinds of marketable securities that exist and where and how they are bought and sold.
The investment process is concerned with how an investor should proceed in making decisions about what marketable securities to invest in, how extensive the investments should be, and when the investments should be made.
Chapter 1 Introduction
Definition of investment
Investment, in its broadest sense, means the sacrifice of current dollars for future dollars.
There are tow different attributes are generally involved: time and risk.
A distinction is often made between investment and savings. Savings is defined as foregone consumption; investment is restricted to “real” investment of the sort that increases national output in the future. And that it useful to make a distinction between real and financial investment.
Chapter 1 Introduction
Real investments
Real investments generally involve some kind of tangible asset, such as land, machinery, or factories.
Financial investments
Financial investments involve contracts written on pieces of paper, such mon stocks and bonds.
In primitive economies most investments is of the real vari
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