Book Description
Deal Terms is the first ever in-depth look at valuations, preferred stock, stock options and other variables that affect deal structure, written by Alex Wilmerding (a venture capitalist at Boston Capital Ventures and best selling author of Term Sheets & Valuations). Written from a venture capital perspective, however applicable for all types of financings, Deal Terms includes actual term sheets, valuation methodology and analysis, assessment of stock option programs and their impact on valuations and capital structures and other real world documents used by leading venture capitalists and lawyers analyzed from multiple perspectives. A must have book for any executive, entrepreneur, or financial professional, this timeless classic is an unprecedented resource that will help you avoid costly mistakes, understand various structures and terms, and understand wording and language from other deal sheets to help you get deals done.
According to Graham Anderson, General Partner at Euclid SR Partners, "Deal Terms provides critical, in-depth, first-hand perspective on the crucial terms and factors which influence financing decisions." Clifford Schorer, Entrepreneur in Residence, Columbia Business School remarks, "Deal Terms is an indispensable reference for entrepreneurs and finance professionals." And Andrew McKee, General Partner at Webster Capital notes, "Deal Terms is a really important resource."
Download Description
Deal Terms is the first ever in-depth look at valuations, preferred stock, stock options and other variables that affect deal structure, written by Alex Wilmerding (a venture capitalist at Boston Capital Ventures and best selling author of Term Sheets & Valuations). Written from a venture capital perspective, however applicable for all types of financings, Deal Terms includes actual term sheets, valuation methodology and analysis, assessment of stock option programs and their impact on valuations and capital structures and other real world documents used by leading venture capitalists and lawyers analyzed from multiple perspectives. A must have book for any executive, entrepreneur, or financial professional, this timeless classic is an unprecedented resource that will help you avoid costly mistakes, understand various structures and terms, and understand wording and language from other deal sheets to help you get deals done.
Customer Reviews:
A Quick Guide to Venture Capital Thinking.......2006-06-21
This book, one claimed by the publisher to fall into the need-to-read category rather than the nice-to-read, is aimed at giving the businessman the information he needs to know to be able to hold an intelligent conversation with a venture capitalist.
It's a pretty quick and easy read, but the businessman who has gotten his business up to the stage where outside money is needed is probably not a financial type but an engineer, or scientist or perhaps just plain businessman. This book, written from the venture capitalist standpoint, will explain to him such things as how to value a company, verious types of stock, dilution of the ownership, in short, all of the things that will need to be understood when a big time financial deal goes down.
It's not an in depth book, each of these subjects can and has several books describing them 'in depth.' Instead it is a small book that gives you what you need to know quickly.
Great Book - But Even Better is Author DVD Called Negotiating Term Sheets & Valuations in VC Deals.......2006-05-17
This author definitely knows his stuff - but even better is author's new product called Negotiating Term Sheets and Valuations in Venture Capital Deals (ISBN 1597010987). It is a 100 minute DVD that has a lot of different material in it that is critical for doing venture capital deals. It also covers specific negotiation strategies and roles and motivations for each key deal participant - which is not covered in this book or the authors other book (Term Sheets & Valuations).
Very Disappointed.......2006-05-15
After enjoying his first book, Term Sheets and Valuations, I was looking forward to this one. I regret to say that I found it a big waste of time and a bigger waste of money.
It appears as if the marketing of the book by the pblisher sought to take advantage of his first book by raising the price by 500%, giving the impression that this book was better or more comprehensive. However, nothing could be further from the truth.
Solid reference for entrepreneurs.......2005-12-29
'Deal Terms' is a solid reference for entrepreneurs with 'need-to-read' (as opposed to 'nice-to-read') information regarding venture financing deals. I find Wilmerding's interviews with various relevant players (e.g. legal counsellor, venture capitalist, entrepreneur) to be a good differentiator of the book; the quick analysis of actual term sheet is also pragmatic. The 'Valuation' section is relatively generic & is the weaker part of the book.
Helpful, practical, and brilliant!.......2004-05-07
I recently finished your book "Deal Terms" and found it extremely
helpful as we are looking into our first round of financing.
This book showed me numerous issues that I would have definitely overlooked or simply not thought of.
Thanks for writing Deal Terms. Definitely an invaluable
reference for anyone in business!
Book Description
Cutting-edge insight from the leader in trading technology
In Cybernetic Analysis for Stocks and Futures, noted technical analyst John Ehlers continues to enlighten readers on the art of predicting the market based on tested systems. With application of his engineering expertise, Ehlers explains the latest, most advanced techniques that help traders predict stock and futures markets with surgical precision. Unique new indicators and automatic trading systems are described in text as well as Easy Language and EFS code. The approaches are universal and robust enough to be applied to a full range of market conditions.
John F. Ehlers (Santa Barbara, CA) is President of MESA Software (www.mesasoftware.com) and has also written Rocket Science for Traders (0-471-40567-1) as well as numerous articles for Futures and Technical Analysis of Stocks & Commodities magazines.
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Cutting-edge insight from the leader in trading technology
In Cybernetic Analysis for Stocks and Futures, noted technical analyst John Ehlers continues to enlighten readers on the art of predicting the market based on tested systems. With application of his engineering expertise, Ehlers explains the latest, most advanced techniques that help traders predict stock and futures markets with surgical precision. Unique new indicators and automatic trading systems are described in text as well as Easy Language and EFS code. The approaches are universal and robust enough to be applied to a full range of market conditions.
John F. Ehlers (Santa Barbara, CA) is President of MESA Software (www.mesasoftware.com) and has also written Rocket Science for Traders (0-471-40567-1) as well as numerous articles for Futures and Technical Analysis of Stocks & Commodities magazines.
Customer Reviews:
Excellente product!.......2007-02-16
This is a book clear and very easy to read, for me as physics research, and to my development is very useful.
Strongly recommended.
Brain Surgeons Can't Trade Stocks Like Ehlers Can.......2006-07-01
John Ehlers newest title is sure to make even the brightest of brain surgeons quiver for fear of closing the renal artery prior to completing the operation. Other reviewers may diss this author but his latest book truly reaches for the stars and makes it. The chapters while short, are to the point and exquisitely illustrate the concept being taught. If you are new to trading systems the shortness of the explanations may be too short but for experienced traders and developers of trading systems they are long enough.
Aspects of many indicators are reviewed with fresh insight added for several new systems not talked about in print before. Removing the lag is the traders dream. Many of the indicators shown do work although errata in the code does spoil some of the implementations given. Ehlers has provided for the keener updates on his website that corrects the mistakes, kudos here for doing the right thing.
Overall Ehlers has done it again and this book should be a staple in any traders library. As for the wannabees wanting all the answers and sure fire methods, choose brain surgery as your career option. No one said trading would be easy but Ehlers has given more toolsets that a successful trader can use in a concise to the point book.
Excellent and a must if you desire to succeed.......2005-09-13
I have been trading for nearly 10 years now and have spent countless amount of time and money on books, systems, software and must say this the best book I have come across. With little creativity one can easy adopt ideas from this book to come up with a profitable mechanical system.
Holy Grail has failed.......2005-08-31
The computerization and digital signal processing development let improve classical indicators essentially due to application of modern methods of information processing to prices. Indicators began to smooth better and to delay less. However . First, the prices are non stationary, i.e. the characteristics of filters are varied during the time. Second, as different from technical problems, the kind of a signal and noise distributions for the price are unknown, i.e. nobody know what to filter actually. Third, being filtered by means of Fourier and similar methods prices change the previous values to the addition of the new data: we receive ideal trends under a history data but we can only trade them from right hand to left hand.
Fourier transformation is based on representation of initial series by the infinite sum of sinusoids with a various phase, amplitude and frequency. Recently wavelet transformations was widely adopted in various areas of data processing in which initial series are represented as the sum of some locally defined functions named wavelets. They are constructed by shifting and vertical and horizontal scaling of certain the prototype function. Wavelet transformation, in essence, is fractal that allows the effective using it in the technical analysis. First, it allows to carry out the multiscale analysis of prices, objectively identify trends on various scales by duration and amplitude, separate traders to various groups: scalpers, day traders, swing traders, position traders and long-term investors. The multiscale analysis can be interpreted as the analysis on various time frames. Second, it allows determine noise as the insufficient for reception of the profit amplitude and frequency movement of the prices that effectively allows filter the price series simply subtracting the lowest scale wavelets from it. Third, the additional filtration of white noise without delay is possible. Fourth, long-term trends are defined objectively. Fifth, wavelets do not contain optimized parameters in construct to standard indicators. Sixth, the used wavelets type is adapted to deal with the time ordered data and does not distorted on the last price values. Seventh, the used wavelet transformation is very effective computationally that allows use it in real time for the large massives of tick data. Eighth, it is effective to use wavelets as input data for neural networks and other methods of forecasting and recognition.
John Ehlers Does It Again.......2005-08-21
John Ehlers new book covers much of the same ground but goes beyond his previous book Rocket Science for Traders. Again the reader is given the explanations and theory for his indicators, smoothers and systems along with the Easy Language code for use in the Tradestation platform.
These indicators can be used as presented or can be easily adapted and combined with countless other indicators that a trader may currently be using. Certainly, the goal of any trader is to identify market tops or bottoms or at least to determine if markets are trending, behaving cyclically or entering a period of sideways or volatile movement. These indicators, alone or combined with others, can help one achieve that goal.
The reviewers of his previous book that had negative comments I believe, for the most part, missed the point entirely as it concerns John Ehlers subject matter and style. Hence, I am concerned that they will also make the same mistake when considering this book. Some believed the analysis was sophmoric while others were concerned with advanced theoretical questions concerning the mathematics presented. Since traders come from all backgrounds books like these need to be written to appeal to as many of them as possible. An electrical engineer will understand the concepts and why they might apply to equity and commodity markets and then can make any changes he/she sees fit with the code. Other readers that understand the problems with trading in trending vs non-trending markets can skip the DSP discussions and immediately use the indicators presented or use the code that determines cycle length to make their own indicators much more responsive to market conditions. Theoretical arguments aside, even the simple indictors included in this book take one way beyond the world of simple moving averages and stationary stochastics.
If nothing more, anyone burning the midnight oil searching for a way to beat the markets will be given endless, state-of-the-art ideas to keep him busy for a long time.
Book Description
This book provides an advanced treatment of option pricing for traders, money managers, and researchers. Providing largely original research not available elsewhere, it covers the latest generation of option models where both the stock price and its volatility follow diffusion processes. These new models help explain important features of real-world option pricing, including the "volatility smile" pattern. The book includes Mathematica code and 37 illustrations
Customer Reviews:
A incomplete work.......2004-09-29
It's rather frustrated to see the book with this title only values plain call options. It didn't give a general approach for valuing general payoff securities. The transform formula only works for plain call option, and even this need to use put call parity once to convert the payoff function so that the fundamental solution can apply.
More than just stochastic volatility.......2000-07-21
Other reviewers discussed the virtues of this book as a first book devoted to option pricing under stochastic volatility. And, indeed, the book provides a detailed exposition of stochastic volatility models. What I want to add to the other reviews is that this book is more than just about stochastic volatility. The book gives a careful exposition of the application of the two important mathematical methods to contingent claim valuation: the method of integral transforms (Fourier and Laplace in particular) and the method of eigenfunction expansions. Long the core tools in mathematical physics, these important methods now find more and more applications in financial economics. They can be applied to option pricing, interest rate modeling, and, more generally, any problems in economics that involve calculations with diffusion processes. The author clearly demonstrates how to use these powerful tools for calculations in finance. Researchers working in the area of derivatives pricing, both in academia and on the Street, will not want to miss this point.
the first book on stochastic volatility models.......2000-06-16
The Black-Scholes model for the pricing of derivatives whilst very effective is also known to be imperfect. A number of ways of generalizing the model to cope with these imperfections have been developed. One popular method is to allow the instantaneous volatility parameter to follow a stochastic process. This allows the possibility of observed volatilities in the market to evolve from day to day and also to produce market type "smiles" that is graphs of volatility against strike which are smile shaped rather than the horizontal line implied by the Black-Scholes model.
In this book, Lewis develops pricing formula for options under stochastic volatility models. This is mainly via the use of transform methods, that is a closed form solution is developed for the Fourier transform of the price as a function of log of the spot. The actual price is then obtained via a numerical inverse Fourier transform.
The strengths of this book are that it covers an important area that heretofore has been restricted to research papers and that it provides a large number of careful derivations and formulas.
The principal weakness is that the approach is too formula-based. The reader does not gain many conceptual insights from the author. Indeed one gains the impression that the author is technically strong but does not have a good conceptual understanding of the subject. The author does not really make a case for stochastic volatility models as opposed to other generalizations of the Black-Scholes model.
The book is restricted to vanilla options with no discussion of how using a stochastic volatility model impacts on the price of exotic options.
In conclusion, this book is not bad but it is also not great. If you are involved in studying or implementing stochastic volatility models you will certainly want to buy a copy. However the definitive book on stochastic volatility remains to be written.
Option Pricing from a new perspective.......2000-03-25
The book introduces the reader to the whole new world of pricing derivatives under stochastic volatility , which had been restricted to the academics for some time now . For finance professionals not satisfied with the performance of the constant volatility Black Scholes models and it's other variants , this is a must read . The exposition is clear and the author makes a good attempt to keep the material intutive , inspite of the nature of the subject to get mathematically complex quite fast .
A worthwhile addition to the collection of books on derivative pricing .
Book Description
This book is intended for use in a rigorous introductory PhD level course in econometrics, or in a field course in econometric theory. It covers the measure-theoretical foundation of probability theory, the multivariate normal distribution with its application to classical linear regression analysis, various laws of large numbers, central limit theorems and related results for independent random variables as well as for stationary time series, with applications to asymptotic inference of M-estimators, and maximum likelihood theory. Some chapters have their own appendices containing the more advanced topics and/or difficult proofs. Moreover, there are three appendices with material that is supposed to be known. Appendix I contains a comprehensive review of linear algebra, including all the proofs. Appendix II reviews a variety of mathematical topics and concepts that are used throughout the main text, and Appendix III reviews complex analysis. Therefore, this book is uniquely self-contained.
Customer Reviews:
Highly recommended - a joy to read . . ........2005-01-07
If you are looking for an introduction to financial option valuation that is well-written and well-referenced than this book is for you. Prof. Higham is an excellent author (I highly recommend his other books Learning LaTeX and MATLAB Guide) and so anything he writes is a joy to read. His latest book is no exception. It is full of figures that help bring the equations and the ideas to life. Like many of his technical papers (which I also recommend you read - they are available at his website), he has incorporated MATLAB (a powerful matrix manipulation and numerical simulation tool) codes throughout the book (not only does he provide code listings but you can actually download the codes and run them assuming you own the software or have a license - I have!). The codes are a great way to see the equations in practice if you don't have MATLAB and experiment with some of the key parameters yourself if you do. Regarding the subject of the book itself, let me say that I am in the mechanical engineering field and can barely balance my checkbook - ok, my wife does it for me) but I am interested in all things mathematical and find the subject of option valuation (and the possibility of making some extra money) enticing. The book clearly introduces topics related to random numbers and stochastics, as well as finite-difference approximations for partial differential equations. The ultimate goal is the Black-Scholes PDE which is treated in the later half of the book. Monte Carlo simulation techniques as applied to finance are covered as well in several chapters. What I really enjoy about this book (and his other books) is the way he actually tries to teach and advise the reader - a good writer must be sensitive to his/her audience - and this is most appreciated by myself and others I am sure. The bottomline is that this is the first book to own if you want to get into the field of computational finance (his references tell you where to go next). I highly recommend it.
A good hands-on intro to option valuation.......2004-12-05
There are a lot of derivatives books out there - most of them follow the same approach. This one's different: no complicated measure-theoretic probability theory (of absolutely no use to practitioners), but lots of hands-on Matlab examples. A very reasonable price too. My only suggestion to the author would be to provide more appropriate names to his Matlab functions (instead of chapter numbers) - but this can easily be changed by the reader.
Average customer rating:
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An Applied Course in Real Options Valuation
Richard L. Shockley
Manufacturer: South-Western College Pub
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Project Valuation Using Real Options: A Practitioner's Guide
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Real Options and Investment Valuation
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ASIN: 0324259638 |
Book Description
APPLIED COURSE IN REAL OPTIONS VALUATION, offers an excellent guide to option pricing in today's fast paced business world. This innovative text not only provides the theories of option pricing but includes real-world examples and situations.
Customer Reviews:
Excellent Book.......2007-02-07
I took Dr.Shockley's RO course back in school. Dr Shockley's approach to the subject is radically different from any other book I have seen. He's actually taken the time to explain the various models and concepts in finance come together. The approach to options doesn't start with heavy derivations and equations of stochastic processes - it starts with the concepts of NPV, abritrage and leads on to options (and real options). The book is full of handy examples and solid explanations. Pick up any standard text in microeconomics (Silberberg, or Hirshleifer or Henderson and Quandt)- and you will see the one equation repeat over and over again - the First Order Condition tying in the ratio of Marginal Quantities (Costs, Utilities etc), the ratio of prices (wages etc) and the lagrangian multiplier. If finance is related to micro economics, one expects to see atleast one instance of this equation in a standard finance text. I haven't found it any - Dr Shockley's book was the first one I found that tied what we're doing in finance to the underlying concept of equilibrium as defined in microeconomics. Fama's theory of finance is the only other book (that I've looked at) that starts finance where micro left off, but then who has the time or strength to read it after a 10 hour day.
In future editions of this book, I would love to see some development of stochastic processes, the concept of filtrations, Ito's Lemma etc. Dr S can write on this subject at the level that is deeper (and more satisfying) than Wilmott, and more easy to access than say Shimko or Shreve or even Baxter. I think that will add to the value of the book - it can be the gentle introduction to some more advanced concepts, for students and busy practitioners who have very little time (even if they like it) for the math that one sees in some of the advanced derivatives book.
Thanks for putting this book together Dr Shockley!
Product Description
"To invest or not to invest?" Business leaders frequently are faced with this question on new and ongoing projects. The challenge lies in deciding what projects to choose, expand, contract, defer, or abandon. The project valuation tools used in this process are vital to making the right decisions. Traditional tools such as discounted cash flow/net present value assume a "fixed" path ahead. But real world projects face uncertainties, forcing you to change the path often. This book introduces a more practical approach to project valuation known as real options analysis. Derived from options theory in modern finance, this approach is based on the Nobel Prizewinning work of three MIT economists.
Project Valuation Using Real Options provides a systematic approach to project valuation that will enable you to minimize investment risks, exercise flexibility in decision making, and maximize returns.
Key Features
Discusses why traditional valuation methods such as discounted cash flow, net present value and decision tree analysis are not sufficient in today's uncertain world
Explains the real options approach in a step-by-step manner which is easily understood and does not require an extensive financial background on the part of the reader
Shows you how to make the correct investment decisions, achieve strategic alignment of projects, increase project flexibility, and sustain competitive advantage
Presents multiple scenarios and real world examples from technology, telecommunications, pharmaceuticals, and other industries to illustrate success stories, challenges, and the true value of real options analysis
WAV offers free downloadable assessment tools and solutions to problems presented in the book available from the Web Added Value Download Resource Center
Customer Reviews:
Real options analysis made simple.......2007-10-08
Starting with an introduction to the real options analysis the authors take us through the traditional project valuations tools (which is a bonus) to the process used to value projects using real options analysis, on the way explaining the methods and computational techniques employed to solve real option problems and how real options analysis supplements the traditional tools.
The detailed solutions provided for the various examples using ample figures and tables really help in understanding the application of real options analysis technique to project valuation.
This book will be of great help to corporate executives, senior managers, portfolio, program and project managers who want to go beyond the application of traditional tools of project valuation, searching for newer techniques.
Picking a Project that adds Value.......2006-10-26
This is the book for those serious about improving project selection results. This is the only book of its kind for today's project management professional. Finally, I feel I understand how to use this unique approach to evaluate all the options available in selecting projects that will significantly contribute to an organization's bottom line.
Lee R. Lambert, A Founder of PMP
Book Description
This book is the first complete guide to valuation in life sciences for industry professionals, investors, and academics. Boris Bogdan and Ralph Villiger introduce the characteristics of drug and medical device development, explain how to translate these into the valuation, and provide valuable industry data. After guiding the reader through the theory of valuation, including discounted cash-flow and real options, the authors demonstrate how to value projects, patents, licences, firms and stocks on real-life examples, even treating complex licence and company structures. Special emphasis is put on the practicability of the proposed methods by including many hands-on examples, without compromising on realistic results. Ralph Villiger and Boris Bogdan have written what is sure to become the industry standard reference for valuation of pharmaceutical and biotechnology projects and companies. At a time when the healthcare industry is placing increasing emphasis on licensing and M&A as a core strategy this book provides a firm understanding of the way in which products and businesses can be valued at all stages of their development.
Dr. Martin Buckland, Chief Business Officer, Astex Therapeutics, Cambridge, UK
The book presents a number of innovative ideas, illustrated with practical examples that should improve decision-making in the drug development process, intellectual property evaluation, licensing and sublicensing. The authors make a persuasive case for the use of advanced techniques and the section on worked-examples should be particularly appealing to practitioners.
Dr. Martin Grossmann, Novartis Pharmaceuticals
There is no doubt that this book will become an essential reference tool for professionals in technology transfer, business developers and biotech companies, as well as the pharmaceutical industry and Life Science investors.
Jean-Pierre Saintouil, Director of Technology Transfer Department, Institut Pasteur, Paris, France
Product Description
Stock options represent a significant claim against companiesthat should be reflected in their valuations, but valuing employee stock options is complex. Fortunately, in this Research Foundation of CFA Institute monograph, Mark Lang presents an excellent framework for valuing these claims by balancing the obligation of the company to fund outstanding options and future grants with the benefits arising from the incentive effects of options.
Book Description
Making an accurate company valuation is the cornerstone of making a sound investment decision. But one factor that is often overlooked (and sometimes even overvalued) is the real options that a company may have. In this Research Foundation monograph, the authors explore real-options valuation-looking at these models vis-à-vis traditional valuation models, providing examples and simple case studies, and examining the criticisms and limitations of real-options valuation.
Book Description
Financial Analyst’s Indispensable Pocketguide is the first reference to give the more than 20,000 candidates who take AIMR-administered CFA exams annually—and the 60,000-plus CFAs and finance professionals who currently practice investment management—a single broad-based resource for specific terminology and information. Much more than just a dictionary, this dynamic book explains and expands upon the fundamental concepts that comprise a financial analyst’s lexicon.Within each section, Ramesh arranges fundamental terms alphabetically, then provides CFA-related tips and profiles of industry leaders. Key topics include:
*Timeless tips for CFA candidates and practitioners
*Graphics and mnemonics to help with important concepts
*Derivatives, equity valuation, and portfolio management
Customer Reviews:
I recommend !.......2007-05-14
It is a very practical guide for handy information. It is quite usefull for my daily work needs.
Useful overview, but not perfect.......2001-06-14
I'm not a CFA candidate, but I've been an investor for years and always appreciate learning more about the field. My father was president of the CFA for a couple of years, and after 15 years working on Wall Street I have a reasonably broad understanding of some finance.
What impressed me most about the book was how short and terse the definitions were. Clearly they are useful and present good insight into what's important and why.
What impressed me least was the lack of mathematical rigour (perhaps one can't have both brievity and exactness?). For example, many of the formulas only work for specific instances, and details about yield/rate conventions are omitted.
Overall, it struck me as useful overview and quick reminder to financial analysis and the language/terms used. It's not really indispensable, and is not authoritative. But for a quick refresher, or ballpark estimates it's fine.
A great book for those studying or who've completed the CFA.......2001-05-13
This is the only book of its kind, so far. The author compiled this pocket guide after completing his CFA program and realising that the vast concepts, terms and designations learnt were soon being forgotten.
That being the case, candidates of, as well as those who have completed, the CFA program would find this book a useful one-stop guide to all those concepts, terms and designations learnt in the pursuit of the CFA designation.
The book is arranged broadly around the various topics of the CFA program i.e. Quantitative Methods, Economics, Financial Statements Analysis, Equities, Fixed Income, Derivatives, Real Estate, Portfolio Management, Ethics, Behavioural Finance. As such, the CFA candidate would find this book more useful than say, a general finance/business masters student.
But I reckon that this book, though published as recent as this year, is already in need of an update. The CFA syllabus is constantly evolving. As a result, a number of concepts in say, Level 1 of the CFA Program, are not found in this book. Also, a number of the textbooks used in the CFA program which the author had based his book on, have either been superseded by newer editions or replaced all together.
All in all, I found this to be a useful book and a unique concept. Until a better book comes along, I will be using this book religiously to prepare for the CFA exams as well as to refresh my memory.
Good starting point.......2001-04-02
As a CFA candidate, I find this to be a useful summary of the key concepts that we are taught during the course of the programme. However, regard it as more of a "Cliff's Notes" of the programme -- with all its inevitable shortcomings -- but a handy little reference piece nonetheless. After completion of the programme and years down the road, I am sure that I will find it quite useful in helping to jog my memory and the sleepless nights that the CFA programme gave me! -- I hope, however, that a revised version will be introduced and perhaps with a less odd title. It is not a book for everyone, but anyone who wishes that s/he had made notes whilst studying for the CFA programme will find this book useful.
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