Glen Arnold, PhD, runs his own equity portfolio, and invests other people's money in exactly the same shares in a Managed Portfolio Service at Henry Spain Investment Services. He used to teach in the City and was a Professor of Investment but concluded that academic life was not nearly as much fun, nor as intellectually stimulating, as making money in the markets. For decades, his research focus explored the question: 'What works in investment?' drawing on the ideas of the great investors, academic discoveries and his own experience, good and bad.

As well as being author of the UK's number 1 investment book, The Financial Times Guide to Investing, he wrote the investing classics, The Great Investors, The Financial Times Guide to Value Investing, Get Started In Shares, and the four volumes of The Deals of Warren Buffett. He has also written several market-leading university textbooks including Corporate Financial Management, as well as the best-selling book on banking, The Financial Times Guide to Banking.

PART I INVESTMENT BASICS

What is investment?

The rewards of investment

Stock markets

Buying and selling shares

PART II THE INVESTMENT SPECTRUM

Pooled investments

Bonds

Unusual share investment

Derivatives and options

Futures

Spread betting, contracts for difference and warrants

PART III COMPANY ANALYSIS

Company accounts

Key investment ratios and measures

Tricks of the accounting trade

Analysing industries

The competitive position of the firm

PART IV MANAGING YOUR PORTFOLIO

Companies issuing shares

Taxation and investors

Mergers and takeovers

Investor protection

Measuring performance: indices and risk

Investment clubs