Equity Asset Valuation (CFA Institute Investment Series) 3rd Edition

good

This book is a collection of the equity valuation readings from the CFA Level II exam material. It does not include any readings from Level I or III. This is understandable as the Level I equity valuation topics merely introduce the tools of equity analysis. This book also does not include the Level I readings related to market organization, market Indices, and market efficiency. These readings are included in the less rigorous "Investments: Principles of Portfolio and Equity Analysis" book. Also, there are no Level III topics in this book because Level III does not have an equity valuation section.That's all fine with me. It's basically what I was looking for. However, my main issue with this book is that there are no solutions to the end-of-chapter questions. This is bewildering. The actual CFA exam books do have the solutions provided. I suppose it is because this book series is used as a textbook for college courses, and for some reason textbooks are made with the dubious belief that withholding information from students will help them somehow, but that's a different topic.Because all of my CFA exam books are digital versions, I wanted to have them in paper format. I like how this book series organizes the material by topic instead of by exam level. But it's a major flaw the the solutions are not included. Meaning I have to refer to my digital versions sometimes.These books are not formatted in the way that the exam books are. The exam books resemble a typical textbook, meaning they include rich graphics for examples, ample white space, and large headlines. This book is more like a typical hardcover book, with much more simplified text and graphic treatments, smaller size, and a dust jacket.

If you're buying this book for any other reason than because you need it for college, then don't buy this book.

Dense and difficult to walk away with practical application of the material. But this is as far a classroom text. If used for the actual CFA2 exam, then likely required to pass. Still, I think a candidate should layer their learning and work up to this book.

This is an incredibly boring an complex book. It's basically a math book. If you are looking for equations to do financial modeling, then this would be perfect.