What will you learn from this book?

A lot of financial concepts, instruments and products.
If you do not know anything about financial markets, this is the book!!!!

Is it enough? NO, it is not enough even for a beginner. Why? Because it does not tell you how to think in financial terms, and mainly how to make up your portfolio.

Yes, lots of graphs, figures, nice words, you think you are learning finance, but suddenly you realize that actually you know nothing and that you read a lot of vain pages. Unfortunately, you will be in the end of the book.

If want to know how to implement the models presented in the book, or even if you want a book that says the same thing that Sharpe's but in less pages, consider:

- Modern Investment Theory by Robert A. Haugen; or
- Modern Portfolio Theory and Investment Analysis by Edwin J. Elton, Martin J. Gruber.

I had the opportunity to take a course at the University of Minnesota from Jeff Bailey while he was preparing this book. He provided an excellent mixture of pratical examples in addition to the theory involved.

In addition, he was very approachable.

Anyone seriously interested in investing should consider this book!

This is one of the handful of classic texts in economics and finance - it ranks with Samuelson's "Economics," Alpha C. Chiang's "Fundamental Methods of Mathematical Economics" and Hull's "Options and Other Derivative Securities" as one of the cornerstones of a financial education. Designed as a college textbook but also used in first-year MBA programmes, the authors begin right at the bottom with basic microeconomics and moves on through spot rates and yield curves, simple probability, expected returns and standard deviations. Once this basic toolkit has been establised, the reader is introduced to the efficient frontier and the Capital Asset Pricing Model, followed by arbitrage pricing theory. Further topics include fundamental securities analysis and a quick journey through option pricing. After a look at some institutional aspects of financial markets, the authors conclude with that holy grail of finance - portfolio management. Throughout, the pace is reasonable and the reader is provided with plenty of practice examples. For a one-stop introduction to finance, you cannot do better than this book.