Many investment managers are familiar with the usual introductory investment and accounting textbook material, know a great deal about individual companies and can discuss the broad state of the economy and prospects for the coming year - but none-the-less feel uneasy about investment strategy. How do you pick one share rather than another? Is it judgment, experience, a matter of accounting ratios, or what? There are many theories and techniques, but what is the evidence to support them? How do you decide whether the equity market as a whole is cheap or dear? And how do you decide between different markets? These questions are the subject of this book. Equity Investment Management: How to Select Stocks and Markets gives young fund managers and analysts a broad overview of the process of constructing a portfolio. Experienced managers who don't have the time or technical background to read the primary literature will be brought up to date. Students will find a practical orientation to managing money rather than the typical textbook's emphasis on topics which are treated in a mathematically rigorous manner - irrespective of practical relevance. Although written specifically for investment professionals and students, Equity Investment Management will also be useful for private clients and trustees of investment funds who want to have a more informed dialogue with their investment manager.