Customer Reviews

Quantitative Investment Analysis (CFA Institute Investment Series)

5 star:		(4)
4 star:		(2)
3 star:		(0)
2 star:		(1)
1 star:		(0)

 

 

This second edition is not materially different in content from the first. Additionally, the Learning Outcome Statements that once preceded the chapters in the first edition and the exercises that followed the chapters have been removed from the new edition. Had I known this fact, I wouldn't have purchased a new book. There is a companion book that has those two omitted features, but now your buying two books instead of one.

If you are pursing the CFA designation, then my suggestion is to purchase the first edition on the secondary market at a drastic savings and without loss of content. If you are interested in the content of the book, then I would suggest proper books on the subject matters. Taken individually, the individual chapters are extremely weak. The actual mathematics has been replaced by "feel good" qualitative descriptions. It is all quite pathetic really; however, if you're objective is to pass the exam, then do it their way for six months. Once you're done, sell your first edition book on the secondary market.

With regard to the other new releases, I suspect that they don't have Learning Objective Statements or problems included in the main book. Hence, the secondary market is a great place to obtain previous editions and continue the process once again. Thank you.

I have found great disappointment with many Quantitative Analysis books because of their lack of explanation of sophisticated concepts. I find that either they are geared towards academics who already a Masters or pHd in the field, or they do a poor job of providing adequate explanation of foundational concepts (I guess that is to be expected from pHd's).

This book does a fabulous job of:
- introducing a topic
- summarizing its usefulness in a relevant context
- providing sufficient methodology of calculations and relevant mathematics
- and then providing case studies to be worked out (with solutions) that apply the given concept.

This book has clarified several issues for me, from multi-factor models to statistical estimation and sampling.

I strongly recommend this book to anyone who does not already have a degree in the field who is looking to gain greater understanding of Quantitative concepts in the field of Investment Management. This book will now be the most useful reference on my bookshelf. It is the BEST book I have found on the topic to date (and I have bought well over a dozen).

The only drawback is that the book does not come with a companion CD that illustrates more sophisticated examples in a computing environment.

I used this book in my prep work for the CFA, and it gives an excellent view of statistics from the ground up. Additionally, while this book is geared to students of the CFA institute, I would also highly recommend it to those simply trying to get a stronger grasp on quantitative analysis.

It is a pretty good book with lots of examples and calculations. It explains everything in a simple way and step by step. As a Master of International Finance student I truly recommend this book.

Didnt have the cover but who cares. Book is in very good condition. the rest of the words now are fillers

This book is three things, a statistics book, a financial modeling book and a survey of financial research book all in one. Necessary information if you are taking the CFA level exam. Information is great and the examples are detailed and easy to follow. People with limited statistical preparation may find the book challenging at first.

Book is heavy on statistics. Good for review on statistics but CFA exam only has a handful of questions on statistics.