general

I would have given Reilly's book a five (5) star if its explanation had been slightly simpler and there were key check figures / solutions for chapter exercises & problems at the back. The coverage on most topics in both "Investment" and "Portfolio" parts has been written in much depth supported by research from various well-known journals. I have 3 editions of this same book (1989, 1997 and 2001 - the one just before this edition) and each time Reilly has improved & updated it a great deal. This is the ONLY textbook which really examines the subject of PORTFOLIO MANAGEMENT in detail (especially on bond & derivatives) unlike other texts which merely "introduce" the subject after covering the Investment Analysis part in some depth. Eventhough it is meant for those who have some knowledge of finance or basic investment, its comprehensiveness makes it a great reader for those who want to know more about the subject e.g advanced undergraduate in business. Excellent text for those pursuing MBA in Finance or CFA professional qualification but will require some asssitance in getting the problem figures checked. Overall, a fantastic piece of work; unfortunately not meant for self-study...

Whether encountered through an MBA equity analysis course or the CFA program, Investment Analysis will be an indispensable reference book for investment analysts, fund managers, and finance professionals for years to come. Although it is not an introductory finance text, it covers most of the basics. The book also delves on esoterica about derivatives, value investing, hydrid securities, and hedging. All in all, Investment Analysis is a good textbook that will be appreciated by academics, professionals and students alike.

Buy this book! GO IRISH and GO AIM XVIII!!! (aim.nd.edu)