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I'm a former Goldman Sachs investment banker and current CEO of a technology company with a JD/MBA from NYU. This book was required reading for an advanced corporate finance class I took while in school. It is the best finance book I have ever purchased.
This is not a primer. But for those who understand DCF, optimal capital structure, capital leases and working capital management... this is your book.
The material can be confusing, but the authors do well with what they have. This book is far more readable than its competitors. Examples are adequate. Exercises cover all of the important issues. The study guide, a separate book, is useful if the material is still confusing.
For a technical textbook attempting to reach all audiences from the novice to the Finance professional, this book is one of the best. It does not focus so heavily on the theory and mathematical derivation as others, and yet explains the necessary background so that the student does not find Finance just a "black box." It does, however, attempt to be all things to all people. I would like to see a "concise" edition which focuses exclusively on about the first 15 or 20 chapters, but that is a problem constant with all.
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