Arnold Ziegel formed Mountain Mentors Associates after his retirement from a corporate banking career of more than 30 years at Citibank. The lessons learned from his experience in dealing with entrepreneurs, multinational corporations, highly leveraged companies, financial institutions, and structured finance, led to the development and delivery of numerous senior level credit risk training programs for major global financial institutions from 2002 through the present. This book was conceived and written as a result of the development of these courses and his experience as a corporate banker. It illustrates the fundamental issues of credit and credit analysis in a manner that tries to take away its mystery. The overriding theme of this book is that when an investor extends credit of any type, the goal is “to get your money back”, and with a return that is commensurate with the risk
A lot of people complain that this book is poorly written. It might be, but If I wanted to read a book for its literary beauty I would have picked up flaubert not a finance book.
This book is a bit repetitive, but honestly it is better than much bigger more expensive books that I've read on the subject. I definitely recommend it to any one looking to start a career in corporate banking and credit.
It was fine—as someone who doesn't know anything about credit analysis I do feel I got something out of it. The writing was poor, specifically I feel there should've been less repeating and more clarity on what everything meant, especially in the early chapters where all the concepts were introduced since I did need to search some things up to understand them. Truly I feel indifferent to this book—it did its job but it was a difficult read.
High level. Likely more valuable to those brand new to banking and credit. If you have had any real world exposure and have read books on the GFC previously this may bore you. Stream of consciousness writing style with a lot of repetitiveness. Chapters serve little use in dividing material and every other paragraph seems to start with a restated definition of credit analysis.