This textbook introduces the basics of asset pricing theory and portfolio optimization at a level suitable to advanced undergraduates. The mathematics seems to be just right for practitioners: nomartingales, no girsanov theorem, but a complete treatment of binomial lattices and a semi-quantitative introduction to diffusion processes and to stochastic calculus. Problems are very well chosen. The organization of the text is standard, except for the last two chapters, related to optimal growth portfolio and to real options. Final remark: the book is excellent forself-study. I learnt the subject from Prof. Luenberger himself, and he was repeating each single word from the book, saying (as a disclaimer) that "it's not me copying the book... it's the book that copies what I said. After all, I wrote it."Needless to say, the class was excellent.
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Investment Science (Hardcover)
I have read tons of business/financial books. Inside Greenspan's Briefcase is the best guide to understanding the economy, investments and Greenspan himself. Please do yourself a favor and get a copy of this remarkable book. Rob Stein has done a great job at giving the read an easy way of understanding 'The Big Picture'