Description:This book seeks to capture the essence of modern developments in investments and provides a guided tour of the intricate and complex world of investments. Written by a highly acknowledged author and expert, this book: Describes the characteristics of various investment alternatives available to investors Discusses how the securities market functions Explains the techniques used by professionals for analyzing and valuing investment alternatives Discusses the implications of modern research in the field of investments Explains how financial derivatives like futures and options are valued Presents a framework for portfolio management Provides insights into the strategies followed by the investment wizards of the world Sensitises the reader to the pitfalls in the investment game Offers a set of guidelines for investors with varying inclinations What's New in the Third Edition Two new chapters titled 'Investment in Real assets' (Chapter 20) and 'International Investing' (Chapter 24) have been added. 14 new sections have been included: 'Buying on Margin and Short Sale,' 'Generally Accepted Accounting Principles,' 'Multifactor Models,' 'Stock Market as a Complex Adaptive System,' 'Free Cash Flow Model,' 'Sum of the Parts Method,' 'Strategy Analysis,' 'Accounting Analysis,' 'Excellent Versus Unexcellent Companies,' 'Commodity Futures in India,' 'Tax Aspects of Mutual Fund Investment,' 'Benjamin Graham: The Quantitative Navigator,' 'Philip Fisher: The Investigative Growth Stock Investor,' and "India's Money Monarchs.' A number of boxes capturing valuable insights and important practices have been added. Investment Analysis and Portfolio Management is meant for: