This book is well-written and explains the different businesses and roles of investment banks. Mr. Bloch brings down to earth complex topics such as IPO's, Venture Capital, Underwritings and other investment banking subjects. Though it hasn't been updated, the book contains a lot of information about the core issues of investment banking. Also, there is an excelent description of the evolution of the investment banking business and how technology, changes in regulations and the increasing power of institutions has changed the investment banking landscape. The book is very helpfull because Mr. Bloch uses a clear language to explain investment banking subjects and he avoids excesive use of jargon. The reader must take into account that though it's a great book, the investment banking lanscape has changed a lot since the 90's.