{"product_id":"investment-banking-for-dummies-isbn-9781119658597","title":"Investment Banking For Dummies","description":"\u003cp\u003e\u003cb\u003eWrap your head around the complicated world of investment banking with this understandable and comprehensive resource \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe celebrated authors of \u003ci\u003eInvestment Banking For Dummies, 2nd Edition\u003c\/i\u003e have updated and modernized their best-selling book to bring readers an invaluable and accessible volume about the investment banking industry. \u003c\/p\u003e \u003cp\u003eWritten in the straightforward and approachable tone the For Dummies series is known for the world over, authors Matthew Krantz and Robert Johnson have created an indispensable resource for students and professionals new to investment banking. \u003c\/p\u003e \u003cp\u003eThe book covers all the crucial topics required to understand the fundamentals of the industry, including: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eStrategies for different types of risk management: market, credit, operating, reputation, legal, and funding \u003c\/li\u003e \u003cli\u003eThe key investment banking operations: venture capital, buyouts, M\u0026amp;A, equity underwriting, debt, and more \u003c\/li\u003e \u003cli\u003eThe relationship between leverages buyout funds, hedge funds, and corporate and institutional clients \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eInvestment Banking For Dummies, 2nd Edition\u003c\/i\u003e offers, for the first time, a brand-new chapter devoted to cryptocurrencies, and new content on “unicorn” IPOs, including Uber, Lyft, and Airbnb.  \u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction \u003c\/b\u003e\u003cb\u003e1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout This Book 1\u003c\/p\u003e \u003cp\u003eFoolish Assumptions 3\u003c\/p\u003e \u003cp\u003eIcons Used in This Book 3\u003c\/p\u003e \u003cp\u003eBeyond the Book 4\u003c\/p\u003e \u003cp\u003eWhere to Go from Here 4\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1: Getting Started With Investment Banking\u003c\/b\u003e\u003cb\u003e 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Introducing Investment Banking\u003c\/b\u003e \u003cb\u003e7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Investment Banking Is 8\u003c\/p\u003e \u003cp\u003eThe role investment banking plays 8\u003c\/p\u003e \u003cp\u003eHow investment banking differs from traditional banking 10\u003c\/p\u003e \u003cp\u003eThe services investment banks provide 11\u003c\/p\u003e \u003cp\u003eHow investment banks are organized 12\u003c\/p\u003e \u003cp\u003eThe current lay of the investment banking land 14\u003c\/p\u003e \u003cp\u003eTypes of investment banking operations 15\u003c\/p\u003e \u003cp\u003eHow investment banks get paid 15\u003c\/p\u003e \u003cp\u003eHow Investment Banking Is Done 17\u003c\/p\u003e \u003cp\u003eFinding the financial statements 18\u003c\/p\u003e \u003cp\u003eUnderstanding the importance of financial statements and ratios 18\u003c\/p\u003e \u003cp\u003eZeroing in on past transactions 18\u003c\/p\u003e \u003cp\u003eSeeing the value of fixed income 19\u003c\/p\u003e \u003cp\u003eTurning Into an Investment Banking Pro 19\u003c\/p\u003e \u003cp\u003ePutting the discounted cash flow analysis to work 19\u003c\/p\u003e \u003cp\u003eSeeing how leverage becomes a force in investment banking 20\u003c\/p\u003e \u003cp\u003ePinpointing buyout targets 20\u003c\/p\u003e \u003cp\u003ePutting Investment Banking to Work 21\u003c\/p\u003e \u003cp\u003eStaying in compliance with the rules 21\u003c\/p\u003e \u003cp\u003eLooking beyond the published financial statements 21\u003c\/p\u003e \u003cp\u003eMaking adjustments to financial statements for comparability 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: The Purpose of Investment Banking: What Investment Bankers Do\u003c\/b\u003e \u003cb\u003e23\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePutting the For-Sale Sign on Corporate America 24\u003c\/p\u003e \u003cp\u003eMergers and acquisitions 25\u003c\/p\u003e \u003cp\u003eLeveraged buyouts 27\u003c\/p\u003e \u003cp\u003ePrivate business sales 29\u003c\/p\u003e \u003cp\u003eInitial public offerings 32\u003c\/p\u003e \u003cp\u003eHelping Investors Decide Whether to Buy or Sell 36\u003c\/p\u003e \u003cp\u003eThe importance of research 36\u003c\/p\u003e \u003cp\u003eWhat do the analysts do? 37\u003c\/p\u003e \u003cp\u003eDigging Into the Role of the Trading Desk 38\u003c\/p\u003e \u003cp\u003eWhy investment banks are into trading 39\u003c\/p\u003e \u003cp\u003eHow investment banks turn pennies into billions 40\u003c\/p\u003e \u003cp\u003eThe type of analysis used in trading operations 40\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: How Investment Bankers Sell Companies\u003c\/b\u003e \u003cb\u003e43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting Companies Ready for Sale on Public Markets 44\u003c\/p\u003e \u003cp\u003eMeeting the requirements to make an IPO happen 45\u003c\/p\u003e \u003cp\u003eWriting the prospectus 47\u003c\/p\u003e \u003cp\u003eSupporting the IPO: Making success last 51\u003c\/p\u003e \u003cp\u003eSeeing What Sell-Side Analysts Do 53\u003c\/p\u003e \u003cp\u003eThe goals of the sell-side analyst 54\u003c\/p\u003e \u003cp\u003eWhat investors look to sell-side analysts for 55\u003c\/p\u003e \u003cp\u003eSpreading the word: Disseminating sell-side research 55\u003c\/p\u003e \u003cp\u003eExamining a Sample Research Report 57\u003c\/p\u003e \u003cp\u003eWhat to look for in the document 57\u003c\/p\u003e \u003cp\u003eThe main sections of a research report 58\u003c\/p\u003e \u003cp\u003eWays to look beyond the “buy” or “sell” 59\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: How Investment Banking Is Used in Mergers and Acquisitions\u003c\/b\u003e \u003cb\u003e61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCome Here Often? The Basics of Mergers and Acquisitions 62\u003c\/p\u003e \u003cp\u003eKinds of mergers 62\u003c\/p\u003e \u003cp\u003eWhy companies merge instead of simply growing organically 63\u003c\/p\u003e \u003cp\u003eFirms that make attractive acquisition targets 66\u003c\/p\u003e \u003cp\u003eHow companies identify firms to merge with 67\u003c\/p\u003e \u003cp\u003eThe nature of the merger: Friendly or hostile? 68\u003c\/p\u003e \u003cp\u003eTools Used to Analyze the M\u0026amp;A Deal 70\u003c\/p\u003e \u003cp\u003eThe role of the buy-side M\u0026amp;A advisor 70\u003c\/p\u003e \u003cp\u003eThe role of the sell-side M\u0026amp;A advisor 75\u003c\/p\u003e \u003cp\u003eWhy Many M\u0026amp;A Deals Go Wrong 76\u003c\/p\u003e \u003cp\u003eMisplaced incentives 76\u003c\/p\u003e \u003cp\u003eFaulty analysis 77\u003c\/p\u003e \u003cp\u003eOverstated synergies 78\u003c\/p\u003e \u003cp\u003eCulture wars 78\u003c\/p\u003e \u003cp\u003eThe winner’s curse: Overpaying 78\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: How Investment Banking Is Used in Leveraged Buyouts\u003c\/b\u003e \u003cb\u003e81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn This Corner: Introducing the Players 82\u003c\/p\u003e \u003cp\u003eInvestment banks 83\u003c\/p\u003e \u003cp\u003eBig institutions 84\u003c\/p\u003e \u003cp\u003eManagement 85\u003c\/p\u003e \u003cp\u003eStock and bond investors 86\u003c\/p\u003e \u003cp\u003eAiming for the Right Targets in a Leveraged Buyout 87\u003c\/p\u003e \u003cp\u003eIdentifying companies that can work in a leveraged buyout 88\u003c\/p\u003e \u003cp\u003eAppreciating the power of cash flow 89\u003c\/p\u003e \u003cp\u003eComing to terms with the return analysis: Internal rate of return 90\u003c\/p\u003e \u003cp\u003eFinding the Exit 91\u003c\/p\u003e \u003cp\u003eSetting a target for exit in time 92\u003c\/p\u003e \u003cp\u003eConsidering how the exit will happen 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2: Digging In: Performing Investment Banking\u003c\/b\u003e \u003cb\u003e95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Finding the Data: Documents and Reports\u003c\/b\u003e \u003cb\u003e97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinding What You Need on the Securities and Exchange Commission’s Website 98\u003c\/p\u003e \u003cp\u003eWhat types of information you can find 98\u003c\/p\u003e \u003cp\u003eThe key types of documents 99\u003c\/p\u003e \u003cp\u003eHow to use EDGAR to pinpoint information 100\u003c\/p\u003e \u003cp\u003eGetting Data in a Format You Can Work With 105\u003c\/p\u003e \u003cp\u003eAssembling the tools you need 105\u003c\/p\u003e \u003cp\u003eImporting financial information into Excel 107\u003c\/p\u003e \u003cp\u003eGetting in tune with interactive data 109\u003c\/p\u003e \u003cp\u003ePaying Attention to the Non-Financial Information 110\u003c\/p\u003e \u003cp\u003eMonitoring news streams for investment banking ideas 110\u003c\/p\u003e \u003cp\u003eQuickly processing information with aggregators 112\u003c\/p\u003e \u003cp\u003eDoing research on the key players in a deal 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Making Sense of Financial Statements\u003c\/b\u003e \u003cb\u003e115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIncome Statements 116\u003c\/p\u003e \u003cp\u003eLocating the areas of interest to investment bankers 118\u003c\/p\u003e \u003cp\u003eTweaking the statement with different assumptions 119\u003c\/p\u003e \u003cp\u003eFinding investment banking opportunities 120\u003c\/p\u003e \u003cp\u003eBalance Sheets 121\u003c\/p\u003e \u003cp\u003eFinding your way around the key parts 122\u003c\/p\u003e \u003cp\u003eUnderstanding a company’s financial strength 124\u003c\/p\u003e \u003cp\u003eLocating pitfalls and opportunities 126\u003c\/p\u003e \u003cp\u003eStatement of Cash Flows 127\u003c\/p\u003e \u003cp\u003eSeeing why the cash flow statement is so important in deal making 127\u003c\/p\u003e \u003cp\u003eUnderstanding the key parts of the document 127\u003c\/p\u003e \u003cp\u003eCalculating free cash flow 130\u003c\/p\u003e \u003cp\u003eProxy Statements 131\u003c\/p\u003e \u003cp\u003eLearning about the key players in a deal 131\u003c\/p\u003e \u003cp\u003eIdentifying the management team’s incentives 132\u003c\/p\u003e \u003cp\u003eAnalyzing management pay packages 133\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: Perfecting the Financial Ratios for Investment Banking\u003c\/b\u003e \u003cb\u003e135\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eValuation Multiples: Assessing How Much the Company Is Worth 136\u003c\/p\u003e \u003cp\u003eInvestors’ favorite valuation tool: P\/E ratio 137\u003c\/p\u003e \u003cp\u003eGoing old school with price-to-book 137\u003c\/p\u003e \u003cp\u003ePutting a price on profitability 138\u003c\/p\u003e \u003cp\u003eLiquidity Multiples: Checking Companies’ Staying Power 140\u003c\/p\u003e \u003cp\u003eDeciphering debt to equity 141\u003c\/p\u003e \u003cp\u003eGetting up to speed with the quick ratio 142\u003c\/p\u003e \u003cp\u003eInterpreting interest coverage 142\u003c\/p\u003e \u003cp\u003eProfitability Ratios: Seeing How a Company’s Bottom Line Measures Up 143\u003c\/p\u003e \u003cp\u003eWhy gross margin isn’t so gross after all 144\u003c\/p\u003e \u003cp\u003eIncome from continuing operations: Looking at profit with a keen eye 144\u003c\/p\u003e \u003cp\u003eKeying into profits with net margin 145\u003c\/p\u003e \u003cp\u003eEfficiency Ratios: Knowing How Well the Company Is Using Investors’ Money 146\u003c\/p\u003e \u003cp\u003eFinding out about return on assets 147\u003c\/p\u003e \u003cp\u003eDigging into return on capital 148\u003c\/p\u003e \u003cp\u003eUncovering company secrets with return on equity 149\u003c\/p\u003e \u003cp\u003eCalculating a company’s growth rate 150\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Sizing Up the Industry\u003c\/b\u003e \u003cb\u003e153\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePerforming an Industry Analysis 154\u003c\/p\u003e \u003cp\u003eUnderstanding why industry analysis is important 154\u003c\/p\u003e \u003cp\u003eCreating a comparison universe 155\u003c\/p\u003e \u003cp\u003eAdjusting the industry comparison universe 158\u003c\/p\u003e \u003cp\u003eUnearthing Company Trends and Common sizing the Financial Statements 159\u003c\/p\u003e \u003cp\u003eComparing growth rates 160\u003c\/p\u003e \u003cp\u003eComparing leverage 163\u003c\/p\u003e \u003cp\u003eComparing various profit margins 165\u003c\/p\u003e \u003cp\u003eHow a Company Stacks Up: Comparing the Key Ratios 166\u003c\/p\u003e \u003cp\u003eSizing up valuation 167\u003c\/p\u003e \u003cp\u003eComparing total debt-to-equity 169\u003c\/p\u003e \u003cp\u003eSizing up companies on their efficiency 170\u003c\/p\u003e \u003cp\u003eIndustry ratios 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Understanding Stocks and Focusing on Past Transactions\u003c\/b\u003e \u003cb\u003e171\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroducing Stock 172\u003c\/p\u003e \u003cp\u003eCharacteristics of stock 173\u003c\/p\u003e \u003cp\u003eTypes of stock 174\u003c\/p\u003e \u003cp\u003eUnderstanding stock pricing 175\u003c\/p\u003e \u003cp\u003eFinding Past Transactions 176\u003c\/p\u003e \u003cp\u003eTracking the stock market 177\u003c\/p\u003e \u003cp\u003eStudying private deals 177\u003c\/p\u003e \u003cp\u003eLooking at pre-IPO marketplaces 179\u003c\/p\u003e \u003cp\u003eExamining buyouts 179\u003c\/p\u003e \u003cp\u003eAnalyzing Past Transactions 180\u003c\/p\u003e \u003cp\u003eKnowing what the market will bear 180\u003c\/p\u003e \u003cp\u003eKnowing when the market is distorted 180\u003c\/p\u003e \u003cp\u003eTabulating key ratios for past deals 182\u003c\/p\u003e \u003cp\u003eUnderstanding the pitfalls 184\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Applying Investment Banking to Fixed Income\u003c\/b\u003e \u003cb\u003e185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroducing Bonds 186\u003c\/p\u003e \u003cp\u003eIdentifying the Various Types of Bonds 188\u003c\/p\u003e \u003cp\u003eConvertible bonds 188\u003c\/p\u003e \u003cp\u003eCallable bonds 189\u003c\/p\u003e \u003cp\u003ePuttable bonds 189\u003c\/p\u003e \u003cp\u003eFloating-rate bonds 189\u003c\/p\u003e \u003cp\u003eZero-coupon bonds 190\u003c\/p\u003e \u003cp\u003eKnowing Their Place: The Position of Bondholders 190\u003c\/p\u003e \u003cp\u003eUnderstanding Bond Pricing 192\u003c\/p\u003e \u003cp\u003eIntroducing the concept of present value 192\u003c\/p\u003e \u003cp\u003eRelating yield to maturity and price 195\u003c\/p\u003e \u003cp\u003ePlaying the spread: How different factors affect bond prices 196\u003c\/p\u003e \u003cp\u003eConsidering bond sensitivity to changes in interest rates 197\u003c\/p\u003e \u003cp\u003eTracking the Bond Market 200\u003c\/p\u003e \u003cp\u003eDebt or Equity: How a Company Chooses 202\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3: Taking Investment Banking to the Next Level\u003c\/b\u003e \u003cb\u003e205\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Doing a Discounted Free Cash Flow Analysis\u003c\/b\u003e \u003cb\u003e207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGearing Up for Discounted Free Cash Flow 208\u003c\/p\u003e \u003cp\u003eComputing free cash flow 210\u003c\/p\u003e \u003cp\u003eForecasting free cash flow 211\u003c\/p\u003e \u003cp\u003eCalculating the Weighted Average Cost of Capital 212\u003c\/p\u003e \u003cp\u003eUnderstanding why the weighted average cost of capital is so important 213\u003c\/p\u003e \u003cp\u003eMeasuring the cost of debt and equity 214\u003c\/p\u003e \u003cp\u003eUnderstanding the capital asset pricing model 217\u003c\/p\u003e \u003cp\u003eGoing for Terminal Value 220\u003c\/p\u003e \u003cp\u003eKnowing the perpetuity growth formula 220\u003c\/p\u003e \u003cp\u003eApplying the constant growth formula 221\u003c\/p\u003e \u003cp\u003eApplying the two-stage growth model 222\u003c\/p\u003e \u003cp\u003eStress-testing the results 223\u003c\/p\u003e \u003cp\u003eValuing a Share of Stock 224\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Structuring a Leveraged Buyout\u003c\/b\u003e\u003cb\u003e 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSeeing How Leveraged Buyouts Are Structured 228\u003c\/p\u003e \u003cp\u003eThe types of financing 228\u003c\/p\u003e \u003cp\u003eUnderstanding seniority and maturity 235\u003c\/p\u003e \u003cp\u003eBuilding a Leveraged Buyout Model 236\u003c\/p\u003e \u003cp\u003eCreating a pro forma model 236\u003c\/p\u003e \u003cp\u003eDeciding on methods of financing 238\u003c\/p\u003e \u003cp\u003eSeeing how the results work out 239\u003c\/p\u003e \u003cp\u003eThe importance of taxes in a leveraged buyout 240\u003c\/p\u003e \u003cp\u003eWhat can go right and what can go wrong 240\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Determining the Strength of a Company’s Return on Equity\u003c\/b\u003e \u003cb\u003e243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Importance of Return on Equity 244\u003c\/p\u003e \u003cp\u003eWhat return on equity shows 245\u003c\/p\u003e \u003cp\u003ePros and cons of return on equity versus other profitability measures 247\u003c\/p\u003e \u003cp\u003eHow return on equity can help guide an investment banking deal 249\u003c\/p\u003e \u003cp\u003eUsing a DuPont Analysis 250\u003c\/p\u003e \u003cp\u003eThe three-factor DuPont method 251\u003c\/p\u003e \u003cp\u003eThe five-factor DuPont method 253\u003c\/p\u003e \u003cp\u003eInterpreting the Results 255\u003c\/p\u003e \u003cp\u003eCola wars 255\u003c\/p\u003e \u003cp\u003eWhat the numbers mean 256\u003c\/p\u003e \u003cp\u003eLooking past the numbers for insight 256\u003c\/p\u003e \u003cp\u003eTelling companies how to react to the numbers 257\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4: Applying Investment Banking\u003c\/b\u003e \u003cb\u003e259\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Knowing the Rules\u003c\/b\u003e \u003cb\u003e261\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe History of Regulation of Investment Banking 262\u003c\/p\u003e \u003cp\u003eThe goals of investment banking regulation 262\u003c\/p\u003e \u003cp\u003eWhy the rules of today are the result of days past 262\u003c\/p\u003e \u003cp\u003eHow regulations have shaped the investment banking industry 263\u003c\/p\u003e \u003cp\u003eThe Ins and Outs of Modern Investment Banking Rules 264\u003c\/p\u003e \u003cp\u003eThe types of rules imposed on investment banking 264\u003c\/p\u003e \u003cp\u003eHow investment banking rules changed after the financial crisis 267\u003c\/p\u003e \u003cp\u003eThe Rules on Analysts 270\u003c\/p\u003e \u003cp\u003eWhy rules were needed 270\u003c\/p\u003e \u003cp\u003eThe not-so-delicate balancing act analysts play 271\u003c\/p\u003e \u003cp\u003eWhat disclosure and compliance are required 272\u003c\/p\u003e \u003cp\u003eWhy Simply Making Rules Isn’t Enough 274\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: How Some Companies Lie, Cheat, and Steal Their Way to the Top\u003c\/b\u003e \u003cb\u003e277\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDid You Really Sell That? When Companies Aggressively Report Revenue 278\u003c\/p\u003e \u003cp\u003eDon’t let the sun go down on me 279\u003c\/p\u003e \u003cp\u003eThe truth? 280\u003c\/p\u003e \u003cp\u003eLucy, You Got Some ’Splainin’ to Do: When Companies Understate Their Expenses 282\u003c\/p\u003e \u003cp\u003eWhat a waste 282\u003c\/p\u003e \u003cp\u003eCrazy like a fox 283\u003c\/p\u003e \u003cp\u003eMissed It by That Much: When Companies Overstate Their Financial Position 284\u003c\/p\u003e \u003cp\u003eThose pesky pensions: The epidemic of firms understating pension liabilities 284\u003c\/p\u003e \u003cp\u003eWe are the world 288\u003c\/p\u003e \u003cp\u003eKeeping Investors Off-Balance 289\u003c\/p\u003e \u003cp\u003eEnron’s special purpose 290\u003c\/p\u003e \u003cp\u003eA mountain of a scandal 292\u003c\/p\u003e \u003cp\u003eSwap meet 293\u003c\/p\u003e \u003cp\u003eWhat Should an Investment Banker Do? 295\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Understanding Alternative Investments and Asset Management\u003c\/b\u003e \u003cb\u003e297\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnowing Your Alternatives 298\u003c\/p\u003e \u003cp\u003eHedge funds 298\u003c\/p\u003e \u003cp\u003eVenture capital 301\u003c\/p\u003e \u003cp\u003eCommodities 302\u003c\/p\u003e \u003cp\u003eReal estate 303\u003c\/p\u003e \u003cp\u003eCurrencies and cryptocurrencies 305\u003c\/p\u003e \u003cp\u003eDigging Into Asset Management 306\u003c\/p\u003e \u003cp\u003eAttracting investors to asset management 306\u003c\/p\u003e \u003cp\u003eCreating asset management tools 307\u003c\/p\u003e \u003cp\u003eManaging Potential Conflicts with Clients 309\u003c\/p\u003e \u003cp\u003eHow asset management can cause conflicts 310\u003c\/p\u003e \u003cp\u003eHow to eliminate and manage conflicts 312\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Trying Your Hand at Investment Banking with a Case Study\u003c\/b\u003e \u003cb\u003e315\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSetting the Scene 316\u003c\/p\u003e \u003cp\u003eThe acquirer 316\u003c\/p\u003e \u003cp\u003eThe target 317\u003c\/p\u003e \u003cp\u003eConsidering the Options 317\u003c\/p\u003e \u003cp\u003eIdentifying the options 318\u003c\/p\u003e \u003cp\u003eLooking at financing 318\u003c\/p\u003e \u003cp\u003eCreating the Analysis 319\u003c\/p\u003e \u003cp\u003eAn analysis of the financial statements 320\u003c\/p\u003e \u003cp\u003eStructuring a Deal 322\u003c\/p\u003e \u003cp\u003eForm of acquisition 323\u003c\/p\u003e \u003cp\u003eCreating pro forma statements 324\u003c\/p\u003e \u003cp\u003eSuccess or Failure 326\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 5: The Part of Tens\u003c\/b\u003e \u003cb\u003e327\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Ten of the Biggest Debacles in Investment Banking History\u003c\/b\u003e\u003cb\u003e 329\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Dot-Com Boom and Bust 330\u003c\/p\u003e \u003cp\u003eTainted Research Scandals 331\u003c\/p\u003e \u003cp\u003eEnron and the Accounting Scams 332\u003c\/p\u003e \u003cp\u003eThe Mortgage Debacle and Collapse of Lehman 333\u003c\/p\u003e \u003cp\u003eThe Flash Crash 333\u003c\/p\u003e \u003cp\u003eThe London Whale at JPMorgan Chase and Barings Bank 334\u003c\/p\u003e \u003cp\u003eLong-Term Capital Management 334\u003c\/p\u003e \u003cp\u003eBankruptcy in Jefferson County, Alabama 335\u003c\/p\u003e \u003cp\u003eIPO Allocations with CSFB 336\u003c\/p\u003e \u003cp\u003eBad Mergers and Acquisitions Like AOL Time Warner 337\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Ten Ways to Improve a Discounted Cash Flow Analysis\u003c\/b\u003e \u003cb\u003e339\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinancial Analysis Isn’t Physics 339\u003c\/p\u003e \u003cp\u003eShow Your Sensitive Side 340\u003c\/p\u003e \u003cp\u003eMonte Carlo Isn’t Just for High Rollers 341\u003c\/p\u003e \u003cp\u003eWhat Can Go Wrong Will Go Wrong 342\u003c\/p\u003e \u003cp\u003eIt’s Tough to Make Predictions, Especially about the Future 342\u003c\/p\u003e \u003cp\u003eThe Investor of Today Doesn’t Profit from Yesterday’s Growth 343\u003c\/p\u003e \u003cp\u003eGarbage In, Garbage Out 344\u003c\/p\u003e \u003cp\u003eRates Are Falling — It’s a Better Deal! 345\u003c\/p\u003e \u003cp\u003eRead Your Putt from Several Angles 346\u003c\/p\u003e \u003cp\u003eThe Weighting is the Hardest Part 346\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: Ten (Or So) of the Best Online Resources for Investment Bankers\u003c\/b\u003e \u003cb\u003e349\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBloomberg 350\u003c\/p\u003e \u003cp\u003eReuters 350\u003c\/p\u003e \u003cp\u003eStandard \u0026amp; Poor’s 350\u003c\/p\u003e \u003cp\u003eRenaissance Capital and IPOScoop.com 351\u003c\/p\u003e \u003cp\u003eThe Securities and Exchange Commission 351\u003c\/p\u003e \u003cp\u003eMoody’s 351\u003c\/p\u003e \u003cp\u003eMarketSmith 352\u003c\/p\u003e \u003cp\u003eIndex Fund Advisors 352\u003c\/p\u003e \u003cp\u003eMorningstar 352\u003c\/p\u003e \u003cp\u003eBureau of Labor Statistics 353\u003c\/p\u003e \u003cp\u003eDepartment of Commerce 353\u003c\/p\u003e \u003cp\u003eFederal Reserve 354\u003c\/p\u003e \u003cp\u003eTrefis 354\u003c\/p\u003e \u003cp\u003eAppendix: Where Investment Banking Came From 355\u003c\/p\u003e Index 361 \u003cp\u003e\u003cb\u003eMatt Krantz\u003c\/b\u003e is the personal finance and management editor at Investor's Business Daily. Matt's recent books include \u003ci\u003eOnline Investing For Dummies\u003c\/i\u003e and \u003ci\u003eFundamental Analysis For Dummies\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eRobert R. Johnson,\u003c\/b\u003e PhD, CFA, CAIA, is a Professor of Finance at Creighton University, where he teaches in the Master of Security Analysis and Portfolio Management Program.\u003c\/p\u003e  \u003cul\u003e \u003cli\u003eGet started in investment banking\u003c\/li\u003e \u003cli\u003eAce your investment bank course\u003c\/li\u003e \u003cli\u003eNavigate bull and bear markets\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003cb\u003eExcel in the world of investment banking\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eOne of the most lucrative fields in business, investment banking frequently perplexes even banking professionals working within its complex laws. \u003ci\u003eInvestment Banking For Dummies\u003c\/i\u003e remedies common misconceptions with a straightforward assessment of banking fundamentals. This book tracks to typical university courses on the subject and helps students and professionals understand the fundamentals of investment banking. With new and updated content, this edition addresses the major financial changes that have occurred in recent years. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eInside...\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e \u003cli\u003eKey investment banking operations\u003c\/li\u003e \u003cli\u003eStrategies for risk management\u003c\/li\u003e \u003cli\u003eAdvice on cryptocurrencies\u003c\/li\u003e \u003cli\u003eUpdated IPO coverage\u003c\/li\u003e \u003cli\u003eDiscounted cash flow analysis\u003c\/li\u003e \u003cli\u003eMergers and acquisitions\u003c\/li\u003e \u003cli\u003eStructuring a leveraged buyout\u003c\/li\u003e \u003cli\u003eResources for investment bankers\u003c\/li\u003e \u003c\/ul\u003e","brand":"For Dummies","offers":[{"title":"Default Title","offer_id":47989474427109,"sku":"NP9781119658597","price":29.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119658597.jpg?v=1761784247","url":"https:\/\/k12savings.com\/es\/products\/investment-banking-for-dummies-isbn-9781119658597","provider":"K12savings","version":"1.0","type":"link"}