List price: $29.95 (that's 30% off!)
I still found Haunted Lakes very entertaining, but after a while some of the stories began to sound contrived.
I only have two concerns with this otherwise solid title.
1) The text is too academic -- how about a short, readable book for the masses? I propose a FAQ (Frequently Asked Questions) format that would enable students and others to confront unargued post-modern dogma.
2) I would have loved an examination of the historical roots of post-modernism and other forms of irrationalism. For those who are interested, Wendy Kaminer's book 'Sleeping with Extra-Terrestrials' is a good examination of American irrationalism.
Finally, if anyone else reading this review is a student (or teacher) at a university who is concerned with the stifling of free inquiry in education, please e-mail me and initiate a discussion. Thank you.
As for the content: superb.
This was one of two textbooks used in a financial statement analysis course I took for my MBA. Most chapters are down-to-earth and as a whole the book is well-written.
The other text we used was Penman's "Financial Statement Analysis and Security Valuation" which was also a great resource as far as gaining a basic understanding of the mechanics of financial statements and how to build a valuation model.
I contrast the two books because while Penman provides a run-down of several different models analysts can use (and does a good job of arguing for the Residual Income Model of valuation model as being the best), Palepu delves into the implications of companies' choices of accounting methods and provides more insight into what different kinds of businesses should look like in terms of their financial statements.
The cases at the end of each chapter add a lot of value to the text because they get students to focus on the specific issues detailed in each chapter. By picking apart different companies' financial statements we learned to use financial statements to assess the success or failure of companies' efforts to carry out their business strategies.
I rate it "Good - 4 stars"
Note that this book does not deal alot with matrices, everything of the theory is there, but you might miss illustrations and applications. In this case I recommend to back it up with Gilbert Strangs Linear Algebra and its Applications, which has an intuitive, matrice-oriented approach.
Considering the price and the wide range of topics often left out in other books (like Nilpotence, Jordanform, Spectral Theorem,...) this simply is the one book you should buy and keep for reference.