Reviews
Swiss Derivatives Review
From Swiss Derivatives Review - The Swiss Derivatives Review (SDR) isthe official publication of the Swiss Futures and Options Association.
While derivatives have gained a greater recognition over the last twenty
years, in the eyes of the general public they still tend to remain a
somewhat mysterious and often misunderstood aspect of finance. "Too
complicated to explain yet too important to ignore" was how CBS Sixty
Minutes famously summed them up in 1995.
Indeed Carol Loomis described them In Fortune as "concocted in
unstoppable variation by rocket scientists who rattle on about terms like
delta, gamma, rho, theta and vega." In addition, derivatives can be
unfairly perceived by the average person as being 'dangerous' in that
they tend to be mentioned within the context of negative media
coverage that follows in the wake of a major financial disaster.
In their new book Derivatives-The Tools that Changed Finance, father
and son authors - Phelim and Feidhlim Boyle have successfully
demystified the subject in their informative and entertaining overview.
They clarify exactly what financial derivatives are, why they are of such
importance and how they work without hindering the reader with
sophisticated maths. Key concepts, ideas and examples are easy to
digest. For example the authors make a key financial concept more
accessible by using a tennis match as a metaphor to explain both how it
works and evolved. The style and low-price of this book not only puts
derivatives within easy reach of the lay reader, but will also provide a
refreshing new insight for the more experienced practitioner.
Chapter 1 introduces derivatives and explains how they can be used to
transfer risk.
Chapter 2 explains how the dramatic growth in derivatives came about
because of changes in the business world and advances in technology. It
describes the major markets and the most important contracts.
Chapter 3 explains the concept of no-arbitrage or the no-free lunch idea.
Chapter 4 shows how this idea can be put into practice to find the value
of a derivative security in terms of other securities.
Chapter 5 tells the story of how the BSM pricing formula was discovered.
Chapter 6 shows how firms use derivatives to hedge their risk with
examples from several industries.
Chapter 7 explores how investors use derivatives to satisfy their
investment objectives.
Chapter 8 analyses three famous derivatives disasters and shows they
have some key common features.
Chapter 9 explains the nature of credit risk and how derivatives are
being used to transfer this type of risk.
 | John Hull | |
| Harvard Business School | |
| Journal of Finance | |
| Swiss Derivatives Review | |
| The Actuary Magazine Review | |
| North American Actuarial Journal |
Swiss Derivatives Review
From Swiss Derivatives Review - The Swiss Derivatives Review (SDR) is
While derivatives have gained a greater recognition over the last twenty
years, in the eyes of the general public they still tend to remain a
somewhat mysterious and often misunderstood aspect of finance. "Too
complicated to explain yet too important to ignore" was how CBS Sixty
Minutes famously summed them up in 1995.
Indeed Carol Loomis described them In Fortune as "concocted in
unstoppable variation by rocket scientists who rattle on about terms like
delta, gamma, rho, theta and vega." In addition, derivatives can be
unfairly perceived by the average person as being 'dangerous' in that
they tend to be mentioned within the context of negative media
coverage that follows in the wake of a major financial disaster.
In their new book Derivatives-The Tools that Changed Finance, father
and son authors - Phelim and Feidhlim Boyle have successfully
demystified the subject in their informative and entertaining overview.
They clarify exactly what financial derivatives are, why they are of such
importance and how they work without hindering the reader with
sophisticated maths. Key concepts, ideas and examples are easy to
digest. For example the authors make a key financial concept more
accessible by using a tennis match as a metaphor to explain both how it
works and evolved. The style and low-price of this book not only puts
derivatives within easy reach of the lay reader, but will also provide a
refreshing new insight for the more experienced practitioner.
Chapter 1 introduces derivatives and explains how they can be used to
transfer risk.
Chapter 2 explains how the dramatic growth in derivatives came about
because of changes in the business world and advances in technology. It
describes the major markets and the most important contracts.
Chapter 3 explains the concept of no-arbitrage or the no-free lunch idea.
Chapter 4 shows how this idea can be put into practice to find the value
of a derivative security in terms of other securities.
Chapter 5 tells the story of how the BSM pricing formula was discovered.
Chapter 6 shows how firms use derivatives to hedge their risk with
examples from several industries.
Chapter 7 explores how investors use derivatives to satisfy their
investment objectives.
Chapter 8 analyses three famous derivatives disasters and shows they
have some key common features.
Chapter 9 explains the nature of credit risk and how derivatives are
being used to transfer this type of risk.
info@thederivativesbook.com
Derivatives: The Tools That Changed Finance
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