Managing Financial Risk: A Guide to Derivative Products, Financial Engineering, and Value Maximization
Author: Charles W. Smithson, Clifford W. Smith
List Price: $70.00
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ISBN: 007059354X
Publisher: McGraw-Hill Trade (30 June, 1998)
Sales Rank: 21,438
Average Customer Rating: 2.86 out of 5
Customer Reviews
Rating: 4 out of 5
Covers a lot of grounds on derivatives. Great reference.
I bought this book to give myself a thorough education on derivatives. And, I got it. It is very readable, yet it covers all the topics in adequate technical detail, so you can hold your own in the company of derivatives traders and the like. I often refer to this book, to refresh my memory on the different structure of option models, or how to value an interest rate swap. This is the sort of stuff you will not remember unless you use these concepts on a weekly basis. But, with this book, it does not matter, it is easy to refresh your knowledge.
Rating: 1 out of 5
Caveat Emptor
I also use this book as part of the Masters course in Sydney and I cannot remember the last time I picked it up to read as I have better things to do with my time than try and work through the glaring errors in formulae, graphs and general commentary. The presentation is verbose and circumlocutory and to add to the frustration often wrong. I feel obliged to warn potential buyers not to make the same mistake that I have. Gallitz on Financial Engineering is a far more interesting and accurate text and for the rigours of applied financial maths Mastering financial calculations teaches you more in 200 pages than Smithson could in a lifetime of trying to improve on this first edition. If anyone would like my copy of Smithson I'm happy to give it away for fear further sales may encourage McGraw Hill to continue publishing the book.
Rating: 3 out of 5
Financial Book, not for begineer
The book is written in a complex way. For example, a simple future contract, was explained in long and complex way. It is not able to show the point directly. Anyway, it is not a bad point. It has some quite excellent practical example. It is the most valuable parts of the book. Similar Products
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