Louis Lowenstein was a professor of Finance and Law at Columbia. He was also a leading observer and critic of the world of finance in the 1980s and 1990s.
His Sense and Nonsense in Corporate Finance
In the book Lownenstein analysis, in a concise and refreshingly honest way, much of the fallacy and institutional errors in the financial services industry. While it is a little dated, I have found that it provides valuable lessons and case studies. A reader of this book will become well-versed in understanding how a company can sensibly manages its balance sheet, and the many errors therein.
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