Investments, tenth edition

   Chapter 1 The Investment Environment 

 This chapter contains updated coverage of the consequences 

of the financial crisis as well as the Dodd-Frank act.  

  Chapter 2 Asset Classes and Financial 

Instruments 

 We devote additional attention to money markets, includ-

ing recent controversies concerning the regulation of 

money market mutual funds as well as the LIBOR scandal.  

  Chapter 3 How Securities Are Traded 

 We have extensively rewritten this chapter and included 

new sections that detail the rise of electronic markets, 

algorithmic and high-speed trading, and changes in mar-

ket structure.  

  Chapter 5 Risk, Return, and the 

Historical Record 

 This chapter has been updated with considerable attention 

paid to evidence on tail risk and extreme stock returns.