About the Book
“The reader should not expect to find unambiguous answers to all the many questions concerning personal finance and investments,” Keith Redhead argues in the preface to this new text book, thus underlining the role personal judgment plays in personal finance and investments. Personal judgment should be informed by many perspectives; hence his inter-disciplinary approach to the study of personal finance and investments. In this book, the author draws from finance, psychology, economics and other disciplines in business and the social sciences, recognising that personal finance and investments are subjects of study in their own right rather than merely branches of another discipline.
Considerable attention is given to some topics, which are either ignored or given very little attention in other texts. These include:
- the psychology of investment decision-making
- stock market bubbles and crashes
- property investment
- the use of derivatives in investment management
- regulation of investments business.
More traditional subject areas are also thoroughly covered, including:
- investment analysis
- portfolio management
- capital market theory
- market efficiency
- international investing
- bond markets
- institutional investments
- option pricing
- macroeconomics
- the interpretation of company accounts.
Packed with over one hundred exercises, examples and exhibits and a helpful glossary of key terms, this book will help the reader to grasp the relevant principles of money management. The book avoids non-essential mathematics and provides a novel new approach to the study of personal finance and investments. The book will be essential for students and researchers engaged with personal finance, investments, behavioural finance, financial derivatives, and financial economics.
Keith Redhead is Principal Lecturer in the Department of Economics, Finance and Accounting at Coventry University Business School. He is also the author of Introducing Investments: A Personal Finance Approach and Financial Derivatives: An Introduction to Futures, Forwards, Options and Swaps.