Top positive review
13 people found this helpful
on June 20, 2011
I thought this book was informative and was a good overview of much of the material on valuation, due diligence, and behavioural finance contained within the CFA curriculum. The author's own experiences surely added more depth to the material.
I would suggest that future editions contain a disc or web access to go into more detail on sections (autocorrelation in residuals, time series, etc..) and provide non analysts with the opportunity to run through exercises.
Or consider exercises on one long valuation throughout the book running from top down, bottom up selection of sector and company. A fictional interview with management, running a history of numbers, forecast earnings..come up with various price multiples..and finally making a recommendation.
I think that would give readers a more interactive experience and help to use those many Excel tricks.
On the whole, I extracted some value from this book.