Choudhry has written more books on fixed income markets than I can possibly count. Inevitably, material is repackaged from one book to the next. At 1,400 pages, this is a huge book, but much of the content is repackaged descriptions of fixed income instruments—from CDs to CDOs. That material is outstanding, but it isn't ALM. What little material the book has on actual ALM is, well, not outstanding ...