Hajanirina Andrianantenaina(1*)

(1) University of Antananarivo, Madagascar
(*) Corresponding Author


A book review dealing with investment in the field of management. It attempts to offer some adaptation to the local environment in Indonesia as compared with the common USA firm and country characteristics case. Yet, effort have been made to adjust the context to the Indonesian conditons but the US firm cases still prevail. Nevertheless, it is hoped to help local students as well as international students to grasp directly the objective for each course on investment. The adaptation is actually made from the P Charles Jones' previous book on principle of investment issue. We suggest also the advance course as it is highly recommended for students (mostly from undergraduate program to graduate one).


investment analysis, management, principle, discipline

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Fama, E.F., and French, K.R., 2004. The Capital Asset Pricing Model: Theory and Evidence. Journal of Economic Perspectives, 18(3), pp.25-46.

Fama, E.F., 1970. Efficient Capital Markets: A Review on Theory and Empirical Works. The Journal of Finance, 25(2), pp.383-417.

Garvey, R. and Murphy, A., 2004. Are Profes-sional Traders too Slow to Realize their Losses? Financial Analysts Journal, 60(4), pp.35-43.

Jones, C.P., 2010. Investments Principles and Concepts. 11th ed. International Student Version. Asia: John Wiley & Sons, Inc.

Jones, C.P., Utama, S., Frensidy, B., Budiman, R.U., 2009. Investment Analysis and Man-agement (An Indonesian Adaptation). 10th ed. Indonesia: Penerbit Salemba Empat.

Pogue, G. A., 1970. An Extension of the Mar-kowitz Portfolio Selection Model to Include Variable Transactions' Costs, Short Sales, Leverage Policies and Taxes. The Journal of Finance, 25(5), pp.1005-1027.

Sharpe, W.F., 1964. Capital Asset Prices: A Theory of Market Equilibrium Under Con-ditions of Risks. The Journal of Finance, 19(3), pp.425-442.

Shefrin, H., and Statman, M., 1985. The Dispo-sition to Sell Winners too Early and Ride Losers too Long: Theory And Evidence. The Journal of Finance, 40(3), pp.777-790.


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