INTRODUCTION 1

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 97
CHAPTER 6: Finding the Data: Documents and Reports 99
CHAPTER 7: Making Sense of Financial Statements 117
CHAPTER 8: Perfecting the Financial Ratios for Investment Banking 137
CHAPTER 9: Sizing Up the Industry 155
CHAPTER 10: Understanding Stocks and Focusing on Past Transactions 175
CHAPTER 11: Applying Investment Banking to Fixed Income 191

PART 3: TAKING INVESTMENT BANKING TO THE NEXT LEVEL 211
CHAPTER 12: Doing a Discounted Free Cash Flow Analysis 213
CHAPTER 13: Structuring a Leveraged Buyout 233
CHAPTER 14: Determining the Strength of a Company's Return on Equity 249

PART 4: APPLYING INVESTMENT BANKING 265
CHAPTER 15: Knowing the Rules 267
CHAPTER 16: How Some Companies Lie, Cheat, and Steal Their Way to the Top 283
CHAPTER 17: Understanding Alternative Investments and Asset Management 303
CHAPTER 18: Trying Your Hand at Investment Banking with a Case Study 321

PART 5: THE PART OF TENS 333
CHAPTER 19: Ten of the Biggest Debacles in Investment Banking History 335
CHAPTER 20: Ten Ways to Improve a Discounted Cash Flow Analysis 345
CHAPTER 21: Ten (or So) of the Best Online Resources for Investment Bankers 355

APPENDIX: WHERE INVESTMENT BANKING CAME FROM 363
INDEX 371