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Designed for those individuals interested in the current state of development in the field of investment science, this book emphasizes the fundamental principles and how they can be mastered and transformed into solutions of important and interesting investment problems. The book examines what the essential ideas are behind investment science, how they are represented, and how they can be used in actual investment practice. The book also examines where the field might be headed in the future, and goes much further in terms of mathematical content, featuring varying levels of mathematical sophistication throughout. End-of-chapter exercises are also included to help individuals get a better grasp on investment
Readership: Undergraduate (business and economics), MBA, and engineering economics/operations research courses in investments or investment management.
David G. Luenberger, Professor in Engineering-Economics Systems Department, Stanford University
"Good thorough introduction to financial planning." - Cormal Lucas, Lecturer, Brunel University
""Options and continuous-time finance are important enough to warrant a whole course in MBA programs. David Luenberger's book makes continuous time finance accessible to any student who has mastered elementrary calculus and probability theory, and motivates the subject by using it to solve a broad range of option-type problems relating to stock, bond, and commodity markets."" - Jack Treynor, President, Treynor Capital Management, Inc.
""This textbook take a refreshing approach to the science of investing. It is extremely well-written. Financial principles and ideas are laid out clearly and in an orderly fashion. The proofs to theorems are elegant yet intuitive."" - Joseph Cherian, Department of Finance, School of Management, Boston University
"Relatively difficult concepts are treated in a rigorous yet user- friendly, accessible way." - Dr.J. Cooper Glasgow Caledonian university
"David Luenberger has a lucid style which takes readers from basic principles to advanced concepts with surprising ease and restraint. The book is an extensive treatment of investment and finance. It develops practical computational applications, with a firm grip on theory. This is an excellent, coherent and reader-friendly book." - Berc Rustem, Imperial College of Science, Technology & Medicine