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Title: Only average textbook
Review: This book does not do a good job in explaining the basic concepts of Statistics and how to apply it for quantitative analysis of Investments. The only reason why this book sells is that it is part of the recommended texts for the CFA program and the authors are part of the AIMR board. I am pursing the CFA charter as well as my masters in Economics and I would suggest the book "Introductory Statistics" by Thomas H. Wonnacott, Ronald J. Wonnacott which does an awesome job in explaining the basic concepts of Statistics. You would understand WHY we do such and such instead of memorizing formulae.
