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I used this book as the textbook for an MBA-level insevtment banking class at Kellogg, and I found the text to be a highly readable introduction to IB/HF/PE. This book excels across most any relevant dimension that one may desire for an introductory text (breadth, depth, clarity, timeliness, etc.). The reader benefits from the author's considerable senior-level industry experience and expertise, which was honed over a long and successful career at several top institutions (Goldman, JPMorgan, UBS, O'Connor; experience in US and Asia#. Thus, explanations are clear, authoritative, and concise, with the appropriate level of supplementary diagrams #e.g. diagrams to illustrate different securities). Although the text is an introduction, Stowell delves deeply into each topic, including transaction and security details, which makes this text valuable for a broad range of readers; non-US markets are also given coverage. The 10 case studies presented at the end of the text link well with the text. Overall, I recommend this book highly to those interested in or preparing for a career in IB/HF/PE, as well as to those with industry knowledge who want a broader understanding. I have not found the same level of quality and quantity of information in a single text related to these fields. |
