Fundamentals of Investments is a concise, well thought-out and well written introduction to investments. It is devoted to understanding the complex capital market and the financial instruments that exist in the market. Recent years have witnessed a revolution in the field of finance and investment in the capital market, with the market becoming truly global. This book has been organized and written around the new developments and challenges facing the capital market, and addresses a very difficult subject in a logical manner Contents Part I: The Market Environment and Securities 1. Introduction. 2. Bonds, Stocks and Other Financial Securities. 3. Security Markets. Part II: Risk and Return 4. The Past: Return, Risk and Risk Premium Definitions, Measurement and the Historical Record. 5. The Future: Return, Risk, Risk Aversion, Risk Premium and Asset Prices. 6. Risk Reduction by Diversification. Part III: Bonds and Stocks 7. Interest Rates and Bond Valuation. 8. Bonds: Analysis and Management. 9. Common Stocks: Valuation. 10. Common Stocks: Selection. 11. Market and Industry Analysis. Part IV: Derivatives 12. Forward and Futures Contracts. 13. Options: Basic Concepts and Strategies. Part V: Risk reduction and diversification 14. Risk and Return: The Linear Relationships and the Capital Asset Pricing Model. Part VI: Market Efficiency, Mutual Funds and Technical Analysis. 16. Efficient Markets: Theory and Evidence. 17. Investment Companies and Mutual Funds. 18. Technical Analysis. Appendix A: Review of Time Value Concepts. Appendix B: International Websites. Glossary.