Capital Markets, Fifth Edition: Institutions, Instruments, and Risk Management (The MIT Press)

Perfect conditions and fast delivery.

Well written book with clear definition and specific examples. The author prove to have an in depth knowledge of different class of financial instruments, risk management and portfolio management. This book its a must have and it cover all the aspects of wealth management. it is indeed very detailed (1020pages) and informative. At the end of each chapter, there are quiz and questions about the previous lectured material to validate the students knowledge. Highly recommended.

This book actually does quite a good job at explaining major concepts in capital markets. I initially bought it for a class on the subject with the intention of selling it later. However, I've kept it for future reference as I progress in my career.It really is more expensive than it should be though.

Great book. Really well written with extended analysis in many investing topics.

It is the text book used in my class. It is very detailed and informative.

There is a very through examination of the issues of risk and uncertainty made in this book as it is related to financial and money markets .However, there is an inaccuracy on pp.30-31 with respect to the views of J M Keynes.The author states that "...Keynes made a similar distinction (note-the author is referring to Frank Knight),arguing that there is risk that can be calculated and another sort of risk he labeled "irreducible uncertainty"."Keynes never ever used the term " irreducible uncertainty" at any point in any of his published work. Uncertainty is not another kind of risk. Uncertainty means that the risk can't be calculated because there is a substantial information missing .Keynes dealt with this by following george Boole .He developed a Boolean approach based on indeterminate probabilities or interval valued probability in the TP. Knight never developed any technical approach to deal with uncertainty

The book is in excellent condition and was as described by the seller. A good bargain and good price.