Rating: 
Summary: Traditional, but not mainstream finance
Review: As an introduction to traditional finance, this is a very good book. Most recent financial innovations that got a company like Enron into trouble are not covered, however. In addition, other off-balance sheet products that are financings or are fungible with bonds aren't covered. For instance, total return swaps and the exploding credit derivatives market are ignored, and that is a shortcoming in a book on portfolio theory and the capital markets. Credit derivatives and total return swaps are used to round out and diversiry both equity and bond portfolios. Tavakoli has written an excellent book on these products: "Credit Derivatives" (Second Edition).
Rating: 
Summary: Great book
Review: As it is mentioned by other readers, it is a must own and must read book for CFA candidates and a good reference book too.
Rating:
Summary: Prof. Reilly is awesome!
Review: Buy this book! GO IRISH and GO AIM XVIII!!! (aim.nd.edu)
Rating:
Summary: Good starter text
Review: Good starter text for those begining a serious study of investing. Covers global implications of the investment decision process. Strong question sections could do with more answers in the appendix
Rating:
Summary: The Bible for professional money managers
Review: I have read this book for my CFA review studies and for a security analysis class I took at the University of Notre Dame taught by Professor Reilly. This book is a must for those seeking a career in money management or those seeking to become highly educated on the topic. Extremely well conceived and written. Moreover, the book doesn't exclude anything. Topics range from Options & Futures to Top-Down investment analysis. Regarded by investment professionals as the definitive source on the subject. Written for the higher educated reader in mind.
Rating: 
Summary: Not a book for the ordinary investor.
Review: I read this book from cover to cover and although it was pretty complete, it was also somewhat complicated and very dry. This is more of a college text, and benefits individuals best with the addition of instruction. Furthermore, This book is more for the person with a background in economics and finance.
Rating:
Summary: Traditional, but not mainstream finance
Review: I was fortunate to take investment analysis with Prof. Keith Brown at UT Austin. He is the best professor I've had in any subject at any level of education. While his excellent teaching skills cannot be conveyed entirely in a book, this is nevertheless an excellent academic textbook for someone preparing for the CFA, or for someone with an MBA looking to go into investment management. Tons of great problems and exercises!
Rating:
Summary: The only thing better than the book is Prof. Brown's class
Review: I was fortunate to take investment analysis with Prof. Keith Brown at UT Austin. He is the best professor I've had in any subject at any level of education. While his excellent teaching skills cannot be conveyed entirely in a book, this is nevertheless an excellent academic textbook for someone preparing for the CFA, or for someone with an MBA looking to go into investment management. Tons of great problems and exercises!
Rating:
Summary: Very thorough! The only real book on PORTFOLIO MANAGEMENT
Review: 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...
Rating:
Summary: Very thorough! The only real book on PORTFOLIO MANAGEMENT
Review: 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...
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