Содержание
- 2. Meaning of Investments Commitment of money that is expected to generate additional money Current commitment of
- 3. Why do individuals invest? To achieve a higher level of consumption in the future by forgoing
- 4. Why Study Investments? The Personal Aspects To earn better returns in relation to the risk we
- 5. Underlying investment decisions: the tradeoff between expected return and risk Expected return is not usually the
- 6. Investors manage risk at a cost - lower expected returns (ER) Any level of expected return
- 7. Two-step process: Security analysis and valuation Necessary to understand security characteristics Portfolio management Selected securities viewed
- 8. Uncertainty in ex post returns dominates decision process Future unknown and must be estimated Foreign financial
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