Monday, February 2, 2009

Fundamentals of Investing or Income Inequality in America

Fundamentals of Investing

Author: Lawrence J Gitman

Renowned for its writing style, trademark example method, and learning goals, Gitman and Joehnk's classic investment text is now in its Seventh Edition. Addressing the growing demand to learn how to manage personal investments and finances, the authors have turned the spotlight on individual rather than institutional investors. Their strong real-word focus includes superior coverage of mutual funds, international investments, and investment decision techniques. The new edition makes use of the Internet through exercises and cross references to Internet resources. An accompanying CD-ROM offers hands-on practice in analyzing companies for investment purposes. All these distinctive features ensure that Fundamentals of Investing will continue to define the market for years to come.

Booknews

A book/disk text for students in a first course in investments, focusing on both individual securities and on portfolios, and describing techniques for implementing investment goals in light of risk-return tradeoffs. Learning aids include summaries; discussion questions; case problems; margin definitions; boxes on real-life investing situations; and STOCK-TRAK simulations. The accompanying disk contains software for performing calculations, keyed to the text. This sixth edition includes investor interviews and expanded material on subjects such as globalization and mortgage-backed securities. Annotation c. Book News, Inc., Portland, OR (booknews.com)



Table of Contents:

I. THE INVESTMENT ENVIRONMENT.

1. The Role and Scope of Investments.
2. Investment Markets and Transactions.
3. Investment Planning and Information.
4. Investment Return and Risk.

II. INVESTING IN COMMON STOCK.

5. Common Stock Investments.
6. Analytical Dimensions of Stock Selection.
7. Stock Valuation and Investment Decisions.

III. INVESTING IN FIXED-INCOME SECURITIES.

8. Bond Investments.
9. Bond Valuation and Analysis.
10. Preferred Stock and Convertible Securities.

IV. DERIVATIVE SECURITIES.

11. Options: Puts, Calls, and Warrants.
12. Commodities and Financial Futures.

V. OTHER POPULAR INVESTMENT VEHICLES.

13. Mutual Funds: An Indirect Route to the Market.
14. Real Estate and Other Tangible Investments.
15. Tax-Advantaged Investments.

VI. INVESTMENT ADMINISTRATION.

16. Portfolio Construction.
17. Portfolio Management and Control.

Book review: DNA or Fasting Path

Income Inequality in America: An Analysis of Trends

Author: Paul Ryscavag

Paul Ryscavage, a noted labor economist, seeks to analyze various aspects of a major contemporary economic problem: the growing inequality of income in society.

What is income inequality? How is it measured? Is the middle class really declining? How does it relate to poverty? How long has inequality been rising in the US? Have there been other periods in history when income differences were as large as they are today? What are the causes of growing income and wage inequality? The author addresses these and other conceptual issues in eight carefully reasoned and clearly presented chapters. Concluding with an analysis and comparison of trends in wage inequality in other developed countries, he asks the final speculative question: How much more growth in inequality can our society withstand?

Booknews

Labor economist Ryscavage looks at a number of indexes for the measurement and describes the growth of inequality since World War II. Finding that all ways of looking at income describe growing inequality, he explores future trends, makes international comparisons, and recommends policy solutions. Annotation c. by Book News, Inc., Portland, Or.

What People Are Saying

Frank Levy
It is a great luxury to have a book on income inequality written by a professional who knows where the data came from, knows what they mean, understands their significance, and does not have an axe to grind. Paul Ryscavage's Income Inequality in America is that book.




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