Part 1: 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 . 81
Part 2: Digging In: Performing Investment Banking. 95
CHAPTER 6: Finding the Data: Documents and Reports . 97
CHAPTER 7: Making Sense of Financial Statements. 115
CHAPTER 8: Perfecting the Financial Ratios for Investment Banking . 135
CHAPTER 9: Sizing Up the Industry . 153
CHAPTER 10: Understanding Stocks and Focusing on Past Transactions. 171
CHAPTER 11: Applying Investment Banking to Fixed Income. 185
Part 3: Taking Investment Banking to the Next Level. 205
CHAPTER 12: Doing a Discounted Free Cash Flow Analysis. 207
CHAPTER 13: Structuring a Leveraged Buyout. 227
CHAPTER 14: Determining the Strength of a Company’s Return on Equity. 243
Part 4: Applying Investment Banking. 259
CHAPTER 15: Knowing the Rules . 261
CHAPTER 16: How Some Companies Lie, Cheat, and Steal Their Way to the Top. 277
CHAPTER 17: Understanding Alternative Investments and Asset Management. 297
CHAPTER 18: Trying Your Hand at Investment Banking with a Case Study . 315
Part 5: The Part of Tens. 327
CHAPTER 19: Ten of the Biggest Debacles in Investment Banking History. 329
CHAPTER 20: Ten Ways to Improve a Discounted Cash Flow Analysis . 339
CHAPTER 21: Ten (Or So) of the Best Online Resources for Investment
Bankers. 349
Appendix: Where Investment Banking Came From. 355
Index. 361