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Essentials of Investments
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Essentials of Investments
Twelfth Edition
ZVI BODIE
Boston University
ALEX KANE
University of California, San Diego
ALAN J. MARCUS
Boston College
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ESSENTIALS OF INVESTMENTS
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About the Authors
Zvi Bodie
Boston University
Professor of Finance and Economics Emeritus at Boston University School of Management
Zvi Bodie is Professor Emeritus at Boston University. He earned his Ph.D. in economics from MIT. He has published widely on pension finance and investment strategy and is best known for applying financial theory to life-cycle saving and investing, especially asset-liability matching. He has directed major research projects for the National Bureau of Economic Research and the Pension Research Council. Bodies books include Foundations of Pension Finance, Pensions in the U.S. Economy, Issues in Pension Economics, and Financial Aspects of the U.S. Pension System. Bodie has been a visiting professor at the Harvard Business School and MITs Sloan School of Management. In 2007, the Retirement Income Industry Association gave him its Lifetime Achievement Award for applied research, and in 2019, the Plan Sponsors Council of America awarded him a lifetime achievement award.
Alex Kane
University of California, San Diego
Professor of Finance and Economics at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego
Alex Kane holds a Ph.D. from the Stern School of Business of New York University and has been Visiting Professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and Research Associate, National Bureau of Economic Research. An author of many articles in finance and management journals, Professor Kanes research is mainly in corporate finance, portfolio management, and capital markets.