Table of Contents
Introduction 1
Part I: Getting Started with Investment Banking 5
Chapter 1: Introducing Investment Banking 7
Chapter 2: The Purpose of Investment Banking: What Investment Bankers Do 23
Chapter 3: How Investment Bankers Sell Companies 43
Chapter 4: How Investment Banking Is Used in Mergers and Acquisitions 61
Chapter 5: How Investment Banking Is Used in Leveraged Buyouts 79
Part II: Digging In: Performing Investment Banking 93
Chapter 6: Finding the Data: Documents and Reports 95
Chapter 7: Making Sense of Financial Statements 113
Chapter 8: Perfecting the Financial Ratios for Investment Banking 133
Chapter 9: Sizing Up the Industry 151
Chapter 10: Understanding Stocks and Focusing on Past Transactions 169
Chapter 11: Applying Investment Banking to Fixed Income 183
Part III: Taking Investment Banking to the Next Level 201
Chapter 12: Doing a Discounted Free Cash Flow Analysis 203
Chapter 13: Structuring a Leveraged Buyout 223
Chapter 14: Determining the Strength of a Company’s Return on Equity 237
Part IV: Applying Investment Banking 253
Chapter 15: Knowing the Rules 255
Chapter 16: Seeing How Some Companies Lie, Cheat, and Steal Their Way to the Top 269
Chapter 17: Understanding Alternative Investments and Asset Management 289
Chapter 18: Trying Your Hand at Investment Banking with a Case Study 303
Part V: The Part of Tens 315
Chapter 19: Ten of the Biggest Debacles in Investment Banking History 317
Chapter 20: Ten Ways to Improve a Discounted Cash Flow Analysis 325
Chapter 21: Ten (Or So) of the Best Online Resources for Investment Bankers 333
Appendix: Where Investment Banking Came From 341
Index 349
