The text is composed of seven sections that are fairly independent and may be studied in a variety of sequences. Part 1 is introductory and contains important institutional material focusing on the financial environment. Part 2-3 contain the core of modern portfolio theory.Part 4 is the first of three parts on security valuation . Part 5 is devoted to equity securities. Part 6 covers derivatives assets such as options futurees, swaps and callable and convertible securities. Part 7 presents extensions of previous material