Easy for complex

books:


	• Options, Futures, and Other Derivatives with Derivagem CD (7th Edition) (Prentice Hall Series in Finance) JOHN C HULL Prentice Hall, 2008 - 848 pages average customer review:based on 70 reviews view larger image
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highly recommended

Easy for complex

Even the subject cover by the book. The author masters in explaning it a lot of examples, comprehensive language and a lot of exercises.
I enjoyed the book and started to use it as a course book.

classical book

I was planning to buy this book for a few years.
This is a classical book on Derivatives. A must have for anyone that is interested in learning how derivatives work and how to price them.
It provides good reasoning and intuitive ideas on risk-neutral pricing. I tried learning that from other books before but the main ideas are so well explained here that now I can understand what those other books say (concepts like market price of risk and the equivalent martingale result for change of numeraire). Interest rate derivatives are well introduced here and the new chapter on more numerical procedures extends the results from previous chapters to dynamics with stochastic volatility and so on.
So, this is a must have and basic reading book for any quant analyst.

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Great intro

I started not knowing a "put" from a "call," but I needed to know a fair bit about how financial engineers (coming from a family of PEs, I'm still not used to that term) use math. This has been the introduction I wanted - not the advanced stuff, but enough to help me understand that material.

Methodical pacing leads the reader gradually through the basics, from just what a derivative is on through the brief story of how futures markets work - in short, they abstract buying and selling into buying and selling the right to buy and sell. I tend towards the concrete, so many of these transactions seemed a bit airy to me. Oh, I can follow the reasoning well enough, but I just never saw where the satisfaction of the thing solid and completed comes in. As it turns out, it doesn't. Once you've really got that in the pit of your stomach, then Hull's presentation follows smoothly.

He gradually derives models of increasing complexity. Diligent reader with a little calculus or a lot of trust will follow along easily. Later chapters draw on more advanced concepts in probabilistic modeling, but present the reader with only the aspects needed for the discussion at hand - a mercy, considering the size of the specialized vocabulary involved in the rest of the explanation.

This book ends when the foundation has been built. More advanced needs must be met with other sources - not a problem with this text, just a matter of its chosen scope. I needed that foundation, however, so I recommend this book to anyone with reasonaable math skills and a need to know the material.

-- wiredweird, reviewing the 6th edition

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Awesome!

That's a fantastic book. For people who wants to learn about derivatives and finantial markets it helps a lot. Because the book has a lot of maths I do not recommend it for people who does not have a good math support. Still, I think it is a good buy. If you have any doubt concerning this topic it can always give you an aid.

reviews: page 1, 2, 3, 4, 5, 6, 7, 8, 9, 10

KEY BENEFIT: Updated and revised to reflect the most current information, this introduction to futures and options markets is ideal for those with a limited background in mathematics.

KEY TOPICS: Based on Hull's Options, Futures and Other Derivatives, one of the best-selling books on Wall Street, this book presents an accessible overview of the topic without the use of calculus. Packed with numerical samples and accounts of real-life situations, the Fifth Edition effectively guides readers through the material while providing them with a host of tangible examples.

MARKET: For professionals with a career in futures and options markets, financial engineering and/or risk management.

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