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Quantitative Methods in Finance
Thomson Learning Search Thomson Learning by Terry J. Watsham Keith Parramore Search Terry J. Watsham Keith Parramore
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Rating:  More Details: Quantitative Methods in Finance Quantitative Methods in Finance @Amazon Quantitative Methods in Finance @aStore |
Customer Reviews:
An excellent "Field Guide"
This book is pure gold. It will no doubt infuriate mathematical purists, because it doesn't follow the theorem/proof structure, and a lot of quite important material is skated over with some sweeping generalisations. Furthermore, it sacrifices genuine understanding for plug'n'play "quick fix" recipes.
Good. I did a finance degree five years ago, and I understood the underlying mathematics then. If I ever want to understand the underlying mathematics again, I will pick up a copy of Neftci and sweat it out. I'm very glad that I learned this properly, and maybe when I'm retired I will take up mathematics as a hobby. But right now, I suspect like a lot of other people who did finance degrees, I work in a job where I don't have to carry out complicated financial calculations often, but when I do, I have to do them *right now*.
Therefore, what I need is a book that contains a lot of recipes for the important calculations, plus enough of the underlying theory to jog my memory so that I don't egregiously misapply something. I've been searching for that book for ... about four years and nine months, truth be known, and this is it. The section on econometrics is worth the sale price on its own; it really is the best and clearest manual for time-series analysis I've ever seen.
I hope I've made clear that this is not a book for lovers of math, or for econophysicists, but for your average, accoutancy-trained, "MBA grunt" I can't recommend it highly enough.
By the way, if any business school Deans are reading this, the two authors appear to be working at Brighton University, and should therefore probably be headhunted for a better-paying job. Nothing against Brighton, but it seems a bit of a waste.
Awesome Practioners book
This book is totally focused at the real world and is aimed at practioners. Wanting to get a handle on Quantitative Finance I initially started with Neftci's "Intorduction to Financial Mathematics" - which of course is an 'introduction' only for theoretical physicists.
In contrast to the mountains of junk written by mathematicians, this book is aimed at the practioner and concentrates on the application, not the pure math. Yet it gives the tools to step into the more sophisticated stuff and covers all the key topics needed for practioners.
This book and the companion "Futures and Options in Risk Management" should be hailed as classics. Thanks for finally getting to the point for all us practioners out there who actually do these calculations as opposed to reading tons of equations about them.
I eagerly await the next edition.
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