Security analysis and investment strategy

[Extract] © 2007 The AuthorsJournal compilation © 2007 The Economic Society of Australiadoi: 10.1111/j.1475-4932.2007.00397.xTHE ECONOMIC RECORD, VOL. 83, NO. 261, JUNE, 2007, 232–243232Blackwell Publishing LtdOxford, UKECOREconomic Record0013-0249© 2007 The Economic Society of AustraliaXXXBook ReviewREVIEWSECONOMIC RECORDReviewsSecurity Analysis and Investment Strategy, byGeoffrey Poitras (Blackwell Publishing, Oxford,UK, 2004), pp. xx + 653.
There is significant diversity in the scope of investments courses offered at the graduate level in finance. This makes the task of tailoring a text-book that is suitable for candidates of high-level PhD courses, as well as for those enrolled in either master’s or upper-level undergraduate courses,considerably difficult. In light of this, authors of graduate-level textbooks tend to opt for either a theoretical style, employing a mathematical focus and aimed at high-level PhD courses, or a practical style, based on published empirical research and market applications, pitched towards advanced undergraduate or master’s students. There are numerous examples of textbooks employing either of these styles in the financial economics literature.