Chapter 2
The Purpose of Investment Banking: What Investment Bankers Do
In This Chapter
Getting a high-level grasp of the role investment banks play in the capital markets
Finding out what job investment banks play in mergers and acquisitions
Seeing how investment banks deal with leveraged buyouts
Coming to terms with the importance of investment research
Getting an understanding of private business sales, trading, and initial public offerings
Seeing why investment bankers pay so much attention to valuation of assets
Investment banking is the grease that oils the capitalistic machine. Businesses, entrepreneurs, governments, schools, and other institutions that hope to build and expand need cash to make it happen. But in the financial version of the chicken-and-the-egg dilemma, sometimes the people with the great plans don't have the cash to get started.
And that's exactly where investment ...
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