More
Information
Review for
Collateralized Debt Obligations and Structured Finance : New Developments in Cash and Synthetic Securitization
Balanced View of Structured Finance Value (
User
Rating
:
50 /50 )
Yes, put me down for 5 stars. It seems the reviewer below neither read this book (or any of Ms.Tavakolis other books, since I noticed a non-substantive negative review by the same person on her other book, "Credit Derivatives") nor ever heard Ms. Tavakoli speak.
Ive had the opportunity to hear her speak on structured finance (twice) and read both her books. Im also a former colleague. I like this books forthright style. It gives important topical information, but it also clearly explains critical fundamentals of structured finance. It is in explaining the nuts and bolts that this book excels. Tavakoli explains structures that do not give fair value, but she also explains which structures provide fair value so that investors can avoid the pitfalls while enjoying the rewards.
The easy to understand - yet very effective - cash flow analysis allows readers to get a clear grasp of the money flows to more easily understand the explanations of various structures. Tavakoli ranks the various structures for their relative worth, and that is the most valuable part of this book.
