chapter 1~10 The Investment Environment投资学PPT概要1.ppt

The Investment Environment Chapter 1 From Corporate Finance To Investments Corporate finance : Using and Raising Money ( Balance Sheet) A basic objective of corporate finance: Profit Maximization Where can profits come? --- Investments Preface Textbook: Investments, 8th edition, Zvi Bodie，China Machine Press. Reference: Investments, 6th edition, Sharp Modern Portfolio Theory and Investment Analysis, 7th Edition, Edwin J. Eton; Main Parts of the Course Chap 1- 4: Introduction Chap 5- 8: Modern Portfolio theory Chap 9- 12: Equilibrium in Capital Markets Chap 14-16: Fixed income securities Main Points in Chapter 1 Short History of Investing Investment - Concept Financial Assets vs. Real Assets A Taxonomy of Financial Assets Roles of Financial Market Investment Process The Players Recent Trends Some useful website American Stock Exchange () New York Stock Exchange () Nasdaq Stock Market () Shanghai Stock Exchange () Shengzheng Stock Exchange () Short History of Investing The Crash of 1929 and the Great Depression (/wiki/Wall_Street_Crash_of_1929) One-day panic in 1987 (/wiki/Black_Monday_(1987) ) The ‘technology bubble’ in the nineties and (/wiki/Technology_bubble ) The ‘bear market’ of the new millennium The sub prime market crisis (/view/1256938.htm) (/wiki/Subprime_Crisis) The Wall Street Crash of 1929, also the Crash of ’29 or the Great Crash The most devastating stock market crash in the history of the United States Three phrases—Black Thursday, Black Monday, and Black Tuesday The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and October 29, 1929) . The collapse continued for a month. After the crash, the Dow Jones Industrial Average (DJIA) recovered early in 1930, only to reverse again, reaching a low point of the great bear market in 1932. The Dow did not return to pre-1929 levels until late 1954, and was lower at its July 8, 1932 l