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Title: Bankruptcy, Credit Risk, and High Yield Junk Bonds by Edward I. Altman ISBN: 0-631-22563-3 Publisher: Blackwell Publishers Pub. Date: 01 December, 2001 Format: Hardcover Volumes: 1 List Price(USD): $82.95 |
Average Customer Rating: 1 (1 review)
Rating: 1
Summary: Recycled and Outdated
Comment: Reading this guy's work is a real testimony to the staying power generated by doing something first. His 1967 paper on bankruptcy was the first to estimate a multivariate default prediction model. THAT'S 35 YEARS AGO. Things like computers and more data make both his estimation algorithm and parameter estimates relics of little significance, and his inability to recognize this is symptomatic of a more cluelessness exhibited in his discussion of other matters (he doesn't simply reference the old model; it's now irrelevant structure is examined and built upon throughout the book).
Very little of what is here is new, and what's new isn't that good either. Freshmen looking for succinct references to someone their professor has heard of but not read will appreciate this volume. I suggest reading S&P or Moody's research instead.
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Title: Investing in Junk Bonds: Inside the High Yield Debt Market by Edward I. Altman, Scott A. Nammacher ISBN: 1587981556 Publisher: Beard Books Pub. Date: 01 December, 2002 List Price(USD): $34.95 |
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Title: Capital: The Story of Long-Term Investment Excellence by Charles D. Ellis ISBN: 0471567043 Publisher: John Wiley & Sons Pub. Date: 23 January, 2004 List Price(USD): $34.95 |
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Title: In an Uncertain World: Tough Choices from Wall Street to Washington by Robert E. Rubin, Jacob Weisberg ISBN: 0375505857 Publisher: Random House Pub. Date: 18 November, 2003 List Price(USD): $35.00 |
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Title: Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron by Bethany McLean, Peter Elkind ISBN: 1591840082 Publisher: Portfolio Pub. Date: 13 October, 2003 List Price(USD): $26.95 |
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Title: Distressed Securities: Analyzing and Evaluating Market Potential and Investment Risk by Edward I. Altman ISBN: 1893122042 Publisher: Beard Books Pub. Date: 01 January, 1999 List Price(USD): $34.95 |
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