Portfolio Management in Practice, Volume 3 : Equity Portfolio Management

Cover -- Portfolio Management In Practice Volume 3 -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- About the CFA Institute Investment Series -- Chapter 1: Overview of Equity Securities -- Learning Outcomes -- 1. Introduction -- 2. Equity Securities in Global Financial Markets -- 3. Types and Characteristics of Equity Securities -- 3.1. Common Shares -- 3.2. Preference Shares -- 4. Private versus Public Equity Securities -- 5. Investing in Non-Domestic Equity Securities -- 5.1. Direct Investing -- 5.2. Depository Receipts -- 6. Risk and Return Characteristics of Equity Securities -- 6.1. Return Characteristics of Equity Securities -- 6.2. Risk of Equity Securities -- 7. Equity Securities and Company Value -- 7.1. Accounting Return on Equity -- 7.2. The Cost of Equity and Investors' Required Rates of Return -- Summary -- References -- Practice Problems -- Chapter 2: Market Efficiency -- Learning Outcomes -- 1. Introduction -- 2. The Concept of Market Efficiency -- 2.1. The Description of Efficient Markets -- 2.2. Market Value versus Intrinsic Value -- 2.4. Transaction Costs and Information-Acquisition Costs -- 3. Forms of Market Efficiency -- 3.1. Weak Form -- 3.2. Semi-Strong Form -- 3.3. Strong Form -- 3.4. Implications of the Efficient Market Hypothesis -- 4. Market Pricing Anomalies -- 4.1. Time-Series Anomalies -- 4.2. Cross-Sectional Anomalies -- 4.3. Other Anomalies -- 4.4. Implications for Investment Strategies -- 5. Behavioral Finance -- 5.1. Loss Aversion -- 5.2. Herding -- 5.3. Overconfidence -- 5.4. Information Cascades -- 5.5. Other Behavioral Biases -- 5.6. Behavioral Finance and Investors -- 5.7. Behavioral Finance and Efficient Markets -- Summary -- References -- Practice Problems -- Chapter 3: Overview of Equity Portfolio Management -- Learning Outcomes -- 1. Introduction.