Book Description
This introductory text provides a clear understanding of the intuition behind derivatives pricing, how models are implemented, and how they are used and adapted in practice. M. Joshi covers the strengths and weaknesses of such models as stochastic volatility, jump diffusion, and variance gamma, as well as the Black-Scholes. Examples and exercises, with answers, as well as computer projects, challenge the mind and encourage learning how to become a good quantitative analyst.
Customer Reviews:
An excellent starting point. ... .......2007-01-24
This book is excellent for a deeper introductory look at mathematical
finance. It is well-written, and strikes a nice balance
between sophistication and accessiblity. Its companion volume on
C++ development in the context of quantitative finance is also well
worth examining. I look forward to seeing the follow up volume, which
will cover additional, more advanced topics.
Very Good.......2006-11-03
I'm totally satisfied. About the timing of the shipment, to me very quick and about the quality of the product, that was in good condition.
Very useful book.......2006-02-01
This is a great book for those who want to learn quantitative finance, but don't have the benefit of being enrolled in a financial engineering program. It has the advantage of being self-contained and begins instruction from the ground up: you can "cold start" on the subject with this book. Just a basic knowledge of differential equations (non-stochastic) is required.
It is natural to compare Joshi's book with Hull, but I would recommend reading them together as they have complementary strengths. Hull is over-simplified but provides financial intuition and descriptions of real-world practices. However it does not have modern notation. It also does not teach you how to solve actual pricing problems from the mathematical or computational point of view. Joshi's book does all of that and even helps you develop some mathematical intuition for the models. It also has some computing projects in c++ that a student could do.
The real comparison should be with Neftci's mathematical finance book and Baxter and Rennie. I think Joshi's book is much better than either of the two. I could barely read Neftci after a while because of the errors and bad organization. B&R is way too formal in my opinion for such an applied subject. Joshi's book has good notation and organization which builds confidence in the author, plus it is very applied so you feel you are learning something useful. It has none of that lemma-proof style which can be so unappealing to non-pure mathematicians.
If you already know the field.......2005-10-11
If you already know almost everything it is a very good book. No error and the guy knows what he is doing. However, if you know everything, why do you want to buy this book?
Unfortunately, if you do not know everything, the book is very difficult to understand. At a first lecture I never get the point. After reading some others books and implement the problem, I can indeed understand the chapter... but what is the use? Maybe we (the author and me) do not have the same way of thinking...
Another bad point is that there is no implementation. So if you are blocked somewhere you are dead.
Moreover the authors spend 16 chapter of 18 on equities and 2 on interest rate. But this last field correspond to 90% of the market! ...
Well,..., However,... not so bad ... so, 3 stars
This is a highly recommended work for any quant........2005-06-18
As I write this in June of 2005, quantitative finance has grown up. What was once a cross-over subfield of finance with a veneer of mathematics is now a field unto itself, and hence, in the past decade there have been an explosion of books which often replicate or restate what has been said before with little new to add. Also, there remains an unforgiving gap between introductory texts that are too superficial and specialists' mathematics books that are rigorous and difficult works beyond the commitment for mastery of the busy, intelligent, practical front-line quant. In addition, works that were once adequate are now simplistic and under serve their readers by lulling them into false confidence. Into this fray Dr. Mark S. Joshi's "The Concepts and Practice of Mathematical Finance" enters with a modern voice and delivers what previous texts have only promised and failed to. The work lives up to its title by presenting both concepts and practicalities, and makes other works that do neither well obsolete. Those familiar with my other reviews on quantitative finance texts know that I place a premium on clarity, and on this front Joshi deserves six stars, for he is a master of what William Strunk called "the plain style." I am always sensitive to the fact that many of the world's best quants come from nations where English is not the first language. Readers from China, France, Germany, Greece, Italy, Norway, Sweden, Russia and eastern Europe will enjoy Joshi's clarity and find his English easy to follow. It would be impossible to cover everything in quanfin in a single volume, however there is nothing horribly glossed over here and neither is there a single wasted word or equation.
I recommend Amazon review readers refer to the table of contents in the "Look Inside" feature to see what Joshi covers, but my own highlight is how welcome it is that Joshi focuses on risk from the very first word. Since Louis Bachelier risk measurement is what separates quantitative finance from "finance." Other books, including some quantitative finance works, start with cash flows, valuation, and discounting, and only add risk as an antecedent. Joshi correctly emphasizes risk first, last, and always, and for that elevation alone his work deserves five stars. From this foundation Joshi then covers very well pricing methods and arbitrage, simple and high dimensional trees, and the useful shortcuts of Ito calculus that makes tractable Zeno's paradox. Joshi also covers risk neutral and martingale methods, continuous barrier options, multi-look exotic options and incomplete markets and jump processes with an aim of showing these as typical problems for the working quant. Joshi's own references, index, and footnotes testify that by no means is he offering the first, nor the last, word on these knotty subjects, but his treatment is welcome just the same.
The target audience who would benefit from this text over others is four-fold. The primary audience is for first semester students in a graduate financial engineering program, for Joshi's "Concepts and Practice" will be handy throughout his or her studies and career. For those students unsure of their skills and with a limited budget considering between this and an introductory quantitative finance text I recommend Joshi over, say, Wilmott, for this work is more rigorous and in the long run will provide the better value as a practical companion. Within this audience I include professors looking for a high level foundational text for teaching practical risk management and derivatives pricing: this is the book to adopt, yes, even over Hull.
The second audience is for those trained in other science fields: pure mathematics, statistics, physics, etc. who are moving to finance jobs. This volume is an easy "one-stop shop" for you to re-tool your own background towards those topics and techniques used on a quant desk. While by no means covering everything, Joshi speaks your language and after digesting this work all else will fall into place and be understood and used with greater efficiency.
The third and broadest audience is one I am a member of: the already trained and practical "quant." Why should we need this book? My observation is that between reading (for example) Hull and Wilmott, Joshi's "Concepts" unavoidably covers many of the same topics, but also some things they do not and in ways they never could. Joshi is an expert practitioner at the top of his art, and that practical spirit is in every single page. For example, while Hull and Wilmott cover the concept and mathematics of stochastic volatility, Joshi writes from the point of view of the coding quant and discusses the issues of implementation. Joshi's "Concepts and Practice" serves a two fold purpose for a qaunt: it provides an additional voice and explanation of inescapably fundamental material, while bridging the gap of technical deployment for front line practitioners. This is not to say that Joshi offers us up a cookbook, for by no means is this such. Anyone who thinks they can simply buy this book and in a sleepy afternoon plug away code and technique and be done is missing the point: for this is a teaching text. Moreover, each house and set of problems and instruments and structured products to offer are different, to say nothing of the platforms one will be working on. That is why they call it "work." Therefore the practical quant should look to this text as a reference guidebook in a tool box.
As a fourth audience I cautiously recommend this book for those who are going into exotic product sales, but only those who have a good grounding in upper level calculus, linear and matrix algebra, time series analysis, and trees. Why? Simply put, you will be offering products built by quants who simply assume the knowledge in this book is a given. In addition, your better clients will (or should) have quants speaking this language, and the greater your own understanding of the concerns of your team and your clients the better your sales. If this work is too rigorous, then Wilmott's "Introduction to Quantitative Finance" quickly followed by Joshi's "Concepts and Techniques" is the course to follow.
Who is this work not for? Here are some tests. If you are a quant who can type at five lines of code a minute and can read Shreve and Karatzas drinking beer, then this work is too redundant for you. On my desk is a paper on a stochastic process with drift and viscosity under regime switching. If you are reading the same journal, then this work is too simple for you. If you have no idea what I've written about in the past three sentences, then this work is too hard for you.
In summary, Dr. Mark Joshi advances his excellent reputation as an intelligent, practical, and generous quant in offering "The Concepts and Practice of Mathematical Finance" and I recommend this book's wide adoption in graduate programs and its addition to reference libraries.
Book Description
In a fast-paced society where communication is vital, how do you invest in your most valuable asset? You make withdrawals fromyour people account everyday.
Customer Reviews:
A positive approach to communications in all aspects of life.......1999-07-17
The book, "Talk is NOT Cheap", gives the reader valuable tools and ideas on how to positively affect interpersonal relationships with the people that one deals with on a daily basis. It touches all the bases. The reader is led through the process of understanding how communication works and is also provided with techniques that can be used in every day life, whether at home, on the job, or anywhere else that interaction takes place. This book is one that needs to be placed within easy reach because it can be used and should be referred to often. As it mentions on the back cover, this book is definitely a "powerful tool kit".
Offers permanent and positive change in relationships!.......1999-07-09
I have had many people to contact me after reading this book to say how helpful it was in their business and personal life. Specifically, it gives examples of how to apply the skills such as listening. Reduce defensivenss in others and positively improve your attitude at the same time. Learn to treat other people the way they want to be treated; not the way you want to be treated. We're all a little different which is what makes us special. A must read for managers, parents, and those who seek to improve relationships.
Average customer rating:
|
The City and the Saloon: Denver, 1858-1916
Thomas J. Noel
Manufacturer: University of Nebraska Press
ProductGroup: Book
Binding: Hardcover
 Hospitality, Travel & Tourism
| Industries & Professions
| Business & Investing
| Subjects
| Books
General
| 19th Century
| United States
| Americas
| History
| Subjects
| Books
General
| 20th Century
| United States
| Americas
| History
| Subjects
| Books
General
| United States
| Americas
| History
| Subjects
| Books
General
| Social Sciences
| Nonfiction
| Subjects
| Books
Food & Lodging
| Reference & Tips
| Travel
| Subjects
| Books
| Bed & Breakfast
| Dining
| Hotels & Inns
| Parks & Campgrounds
ASIN: 080323306X |
Book Description
During Denver's wild ride from frontier mining town to twentieth-century metropolis, the city's saloons, like those of many other western frontier towns, played a vital role in the development of the city. Now with a new preface, Tom Noel's classic study, The City and the Saloon, is a liquid history of how Denver's bars both shaped and reflected the Mile High City's birth adolescence
Customer Reviews:
a reader from Baltimore.......2000-04-03
Noel's study of the saloon in Denver treads the line between being a rather parochial local history and a more analytical social history. He includes everything that you need to know about saloon ownership, local politics, and drinking habits, but does so without stressing existing historiography. This absence makes the book a quick and entertaining read, but there's little sense of how Denver compares to other cities. The book is very good at what it does, but what it does is limited. If you want a fun book on drinking in Denver, this book is more than adequate, but if you are looking for a more scholarly approach read Roy Rosenzweig's Eight Hours for What We Will.
Book Description
"He has achieved success who has lived well, laughed often, and loved much," said Bessie Anderson Stanley.
This book is a collection of observations about success that the author first shared with his son in the first two volumes of Life's Little Instruction Book. It also includes thought-provoking and inspiring quotes from other sources.
Customer Reviews:
I NEED MORE INFORMATION ABOUT THIS BOOK.......2003-02-14
DEER H¡¤Jackson Brown:
I'd like to know more information about
's Publisher Rutledge hill & Lany Stone.Would you tell me their Post or E_mail address & Phone or Fax Number.
Thank you for your concern on our work,I am waiting for your information.
Syncerely :
Aykhen
Average customer rating:
|
The Little Treasure Books of Life, Success, Happiness and Leadership - 4 Vols.
Vikas Malkani
Manufacturer: Wisdom Tree
ProductGroup: Book
Binding: Hardcover
New Age
| Religion & Spirituality
| Subjects
| Books
| Astrology
| Chakras
| Channeling
| Divination
| Dreams
| General
| Goddesses
| Meditation
| Mental & Spiritual Healing
| Mysticism
| New Thought
| Reference
| Reincarnation
| Self-Help
| Theosophy
| Urantia
| Visionary Fiction
ASIN: 8186685960 |
Average customer rating:
|
How to Get Your First Job and Keep It, Second Edition
Deborah Perlmutter Bloch
Manufacturer: McGraw-Hill
ProductGroup: Book
Binding: Paperback
General
| Job Hunting & Careers
| Business & Investing
| Subjects
| Books
Guides
| Job Hunting & Careers
| Business & Investing
| Subjects
| Books
Job Hunting
| Job Hunting & Careers
| Business & Investing
| Subjects
| Books
Interviewing
| Job Hunting & Careers
| Business & Investing
| Subjects
| Books
General
| Business & Investing
| Subjects
| Books
Management & Leadership
| Business & Investing
| Subjects
| Books
| Business Ethics
| Consolidation & Merger
| Decision-Making & Problem Solving
| Distribution & Warehouse Management
| Industrial
| Information Management
| Leadership
| Management
| Management Science
| Motivational
| Negotiating
| Operations Research
| Planning & Forecasting
| Pricing
| Production & Operations
| Project Management
| Quality Control
| Risk Assessment
| Statistics
| Strategy & Competition
| Systems & Planning
| Systems Analysis
| Teams
| Total Quality Management
| Training
ASIN: 0658006207 |
Book Description
With the sliding economy, you may be nervous as a first-time job seeker about finding not only employment but also job security, which can be especially difficult if you have little schooling or work experience. How to Get Your First Job and Keep It covers all the steps, from finding the best jobs to filling out work applications, and from dealing with coworkers to getting promoted.
Download Description
With the sliding economy, you may be nervous as a first-time job seeker about finding not only employment but also job security, which can be especially difficult if you have little schooling or work experience. How to Get Your First Job and Keep It covers all the steps, from finding the best jobs to filling out work applications, and from dealing with coworkers to getting promoted.
Book Description
Growing up with two father figures, a Rich Dad and a Poor Dad, Robert T. Kiyosaki understood well the importance of financial planning. In this easy-to-read parenting guide, Kiyosaki and co-author Sharon Lechter design a step-by-step guide to moms and dads to explain to their children the basics of our financial economythe employees, the self-employed, the business owners, and the investors. The authors explain that providing children with financial problem-solving skills, can help to ensure a profitable future.
Download Description
RICH DAD'S RICH KID, SMART KID is written for parents who value education, want to give their child a financial and academic head start in life, and are willing to take an active role to make it happen. In the Information Age, a good education is more important than ever. But the current educational system may not be providing all the information your child needs. This book was designed to fill in the gaps, to help you give your child the same inspiring and practical financial knowledge that Robert Kiyosaki's rich dad gave him. RICH KID, SMART KID will show you how to awaken your child's love of learning using the same methods that Robert's smart dad used to help Robert stay in school, even though he had bad grades and often wanted to drop out. And RICH KID, SMART KID will open doors that you never knew existed, enabling you to pass down the skills and understanding your child will use for the rest of his or her life.
Customer Reviews:
A useful resource, worth the price.......2007-08-28
If you've read Robert T Kiyosaki's other books such as Rich Dad Poor Dad, the ideas presented in Rich Kid Smart Kid will probably not be new to you. However, the information is reorganised to focus on applying the Rich Dad concepts to the task of educating your child, which allows this book to remain a useful resource- even if it isn't 100% new.
Most helpful, in my opinion, are the parent-child interactive activities recommended by the book. For example, one suggestion is to take your child to the bank and ask the banker what interest rate they pay on savings as well as what they charge to borrow. Without the need to understand complicated math formulas, your child will quickly see that banks charge more than they pay, which will hopefully prompt questions in the mind of your child. Those questions will inspire your child to get answers that inevitably increase your child's financial intelligence.
One knock I often hear about this book, or any self-help title for that matter, is that the ideas are obvious. Some people wish to argue that because a concept is simple it is not useful. I couldn't disagree more. I try to judge the value of a thing by whether or not I get enough out of it to justify the cost, be it in dollars or time. If you cannot get the purchase price of this book back out of it in value, then you just aren't trying very hard.
While some of the concepts may seem obvious or simple in nature, it is the application of these concepts that produces real results. Some of the most complicated subjects in our world can involve very simple ideas. Think "What goes up, must come down." Simple, yes, but the practical applications involving gravity occupy a great deal of study time among physicists of the world.
My point is simple. This book gives you a variety of ideas and suggestions that will help you improve your child's financial education, but YOU have to be the one to do the work. Is it the world's greatest book and ultimate problem solver in the universe? No. Is it worth the purchase price? Without a doubt, absolutely yes.
Best Book My Daughter Has Read!.......2007-02-01
The title is her words not mine. I bought this book thinking that she might get through the first 3 or 4 chapters before she put it away in favor of her school work. Instead she carries it with her to school and reads it when she finishes her work. One of her teachers asked her about the book and after my daughter finished raving about it the teacher decided to get a copy for her self. That teacher now uses the book and it's principles in her classes.
What better testimony about a book than it is now being used in an academic setting?
My daughter has also surprised me by asking financial questions when we are alone. I am now in the middle of a job hunt and she asked me questions about what my salary would be with a new company. She listened intently as I explained negotiations over salary once I was offered a job. I explained the different factors that went into determining what I would ask for as a salary, such as distance to the new job, what others were making doing the same job, and benefits such as medical, dental, and of course vacation time. For an 11 year old she had an amazing grasp of what I was talking about. I believe this understanding came from reading this book. My son on the other hand, who is 24, is still working in a dead-end job making minimum wage. I gave him "Rich Dad, Poor Dad" and the cover has never been broken.
Buy this book for your kids; it is well worth the "investment" to teach kids how money works. Do it now while they are young.
where is the information?.......2006-11-04
This isn't really a 260 page book, it's a 5 page pamphlet that repeats itself over and over.
Really there is nothing new here if you've read Rich Dad Poor Dad, beyond a shameless marketing co-promote for his games, other books and a few of his friends.
Overall I thought Rich Dad Poor Dad was a pretty good book. This book however made me realize that Mr. Kiyosaki really has discovered the secret to becoming rich - write one half way decent book and then milk it as long as you can with other related books and products.
Great audio book!.......2006-03-21
Great audio book. Gives you information to help you teach your kid about money, and ways to keep you from over indulging your kids.
Rich Dad's Rich Kid by Kiyosaki.......2005-06-10
The author suggests that parents empower children to take control
of their finances early in life. The author challenges us to turn
education about money into wealth and cash flow. Children are
encouraged to seek professional careers and to begin small
businesses to ensure cash flow well into retirement. The author's
Kolbe Index seeks to train people to analyze facts, formulate
follow-up scenarios, start projects quickly/efficiently and implement rational solutions devoid of analysis paralysis problems.
This work is well worth the money for the information content
provided.
Product Description
Three Book Set. Rich Dad, Poor Dad; Rich Kid, Smart Kid; The Cashflow Quadrant
Product Description
3 book set
Product Description
3 Book Set; Rich Dad Poor Dad for Teens; Rich Dad, Poor Dad; Rich Dad's Rich Kid, Smart Kid.
Product Description
Three books in the Rich Dad, Poor Dad series. Rich Dad, Poor Dad; Rich Kid, Smart Kid; Real Estate Riches.
Average customer rating:
|
Rich Dad's Rich Kid, Smart Kid (Rich Dad)
Robert T. Kiyosaki
Manufacturer: Time Warner Paperbacks
ProductGroup: Book
Binding: Paperback
General
| Popular Economics
| Business & Investing
| Subjects
| Books
Personal Finance
| Business & Investing
| Subjects
| Books
| Bankruptcy
| Budgeting & Money Management
| College & Education Costs
| Credit Ratings & Repair
| Estate Planning
| Financial Planning
| Financial Planning Workbooks
| General
| Insurance
| Money & Values
| Money Management for Women
| Money Management for Young People
| Personal Taxes
| Real Estate
| Retirement Planning
Parenting
| Parenting & Families
| Subjects
| Books
| Babies & Toddlers
| Child Care
| Discipline
| Emotions & Feelings
| General
| Health & Nutrition
| Morals & Responsibility
| School-Age Children
| Single Parents
| Teenagers
| Twins & Multiples
ASIN: 0751533157 |
Product Description
Simplified Chinese. Do you value your childs education? Do you want your children to have a financial head start in life? Are you willing to take an active role to make that happen? At school, your children learn many valuable concepts, yet they are rarely taught anything about finances. Imagine if you had been taught about money and, more specifically, about how the rich got that way by generating cash flow from their assets. For a kid, these lessons are vital to future financial well-being. But, better yet, children are excited and inspired by the message. Rich Dads Rich Kid Smart Kid is an introduction to the financial world for children. But more than that, it gives them the right context in which to view money from a very early age. This is the first step to take in ensuring your children have a better financial start than you might have had. Simplified Chinese. 265pp.
Book Description
A financial, estate, and donation planning primer. Comprehensive personal planning information in a single volume. What you need to live on. What assets you can fall back on. What you can pass on.
Practical non-technical information that puts you in control of your future: *Define your goals. *Identify your options. *Make informed decisions. *Organize your personal affairs. *Take charge of your financial destiny. *Make full use of free Web resources. *Give wisely.
Books:
- The EVA Challenge: Implementing Value Added Change in an Organization
- The Everything Grant Writing Book: Create the Perfect Proposal to Raise the Funds You Need (Everything Series)
- The Fast Track Course on How to Write a Nonfiction Book Proposal
- The Financially Intelligent Parent: 8 Steps To Raising Successful, Generous, Responsible Children
- The Handbook of Strategic Public Relations and Integrated Communications
- The Hedge Fund Edge: Maximum Profit/Minimum Risk Global Trend Trading Strategies (Wiley Trading)
- The Intelligent Investor CD: The Classic Text on Value Investing
- The Mathematics of Financial Derivatives: A Student Introduction
- The Microfinance Revolution: Sustainable Finance for the Poor
- The New Fibonacci Trader: Tools and Strategies for Trading Success
Books Index
Books Home
Recommended Books
- The Harriet Lane Handbook: A Manual for Pediatric House Officers, 17th Edition
- The Dark Side of the Light Chasers
- Mr. Bloomfield's Orchard: The Mysterious World of Mushrooms, Molds, and Mycologists
- Nutrition and Feeding of Fish, Second Edition
- Principles of Animal Physiology
- Strategies for Reading Assessment and Instruction: Helping Every Child Succeed
- The Body in the Fjord
- Lavoirs: Washhouses of Rural France
- Roof Construction Manual, English Edition
- The Great Adventure of Sally Rock and the Cretaceous Chicken
C++ Design Patterns and Derivatives Pricing (Mathematics, Finance and Risk)
Heard on the Street: Quantitative Questions from Wall Street Job Interviews
Stochastic Calculus for Finance II: Continuous-Time Models (Springer Finance)
Options, Futures and Other Derivatives (6th Edition)
Stochastic Calculus for Finance I: The Binomial Asset Pricing Model (Springer Finance)
