Written for students and business neophytes alike, it provides a thorough grounding in the art of investing. Defines the basic types of securities and the concepts of risk and return, explains how the securities market operates, shows how to analyze securities step-by-step, explores the issues of administering investments in stocks, tax shelters, real estate and other investments, and deals with the special situations that might arise in convertibles, commodities and derivative securities. Financial analysis from a global perspective is included.