This is a good elementary text in investments, suitable for a beginning finance/economics student. I'd say that anyone who's taken a first college course in economics could successfully use this text to become more literate in investments. That said, if you've taken more than that, you'll probably find this text much too basic. It's light on the math, and that's really a bad thing most times, since you can usually say things so much simpler in math. The book is also rather inadequate once you start to move into derivatives and MBS. It also doesn't have any coverage of the kinds of products that have been in the news so much lately.