Whoa. It took a long time to finish and I now need to go back through the end-of-chapter summaries to review the key concepts. It has shone a bright light onto the many aspects of capital markets and the behaviour (frequently irrational) of many of its participants. As an introductory text for understanding capital markets I recommend Valdez’s Introduction to Global Financial Markets first, if that whet’s your appetite then Trading and Exchanges is next.