Again, John Hull has done a great job revising and updating this best-selling book. Changes in the fifth edition include:. No trivia or quizzes yet. Goodreads helps you keep track of books you want to read. Want to Read saving…. Want to Read Currently Reading Read. Refresh and try again. Open Preview See a Problem? Thanks for telling us about the problem. Return to Book Page.

Preview — Options, Futures and Other Derivatives by John C. Options, Futures and Other Derivatives by John C. Options, Futures and Other Derivatives 4.

Changes in the fifth edition include: A new chapter on credit derivatives Chapter Business Snapshots highlight real-world situations and relevant issues.

The first six chapters have been -reorganized to better meet the needs of students and. A new release of the Ex Again, John Hull has done a great job revising and updating this best-selling book. A new release of the Excel-based software, DerivaGem, is included with each text. Paperback , pages.

Published January 1st by Prentice Hall India first published All Editions Add a New Edition Combine. To see what your friends thought of this book, please sign up. To ask other readers questions about Options, Futures and Other Derivatives , please sign up. See 1 question about Options, Futures and Other Derivatives….

Lists with This Book. Sep 05, Austin rated it really liked it Shelves: Known universally simply as "Hull", this book is too dry, with too few details and too little mathematics, but it still pulls in the stars because of its fantastic breadth. This is also unambiguously the place for anyone beginning to learn the subject to begin.

If you can work the problems at the end of each chapter in the book, you can get hired. The problem is that too many people think that is the end of the road instead of the meager, meager beginning.

While Hull is more highly regarded, thus potentially giving it farther to fall, nothing can touch the steaming pile of feces that is Dr. Taleb's opus for being undeserving of the sacrifice of the shade provided by the leaves of the trees cut down, chipped, pulped, bleached and pressed for the paper that it is printed upon.

James Bond sleeps with a gun under his pillow. Mar 21, Brian O'neal rated it it was amazing. You cannot survive in finance without this book. My first reading was in , and I continue to use it to this day 17 years later as of this writing. No matter the stage of my professional development, I always find myself reaching for it, and always instructing people to do the same.

The blend of common sense, historical context, and analytic rigor has not been replicated elsewhere in my opinion.

Not hyperbole ; [also, I met Mr. Hull once at a conference and he was the most down-to-earth financial genius I have ever met Jul 09, Liberty rated it it was ok. I have no options in the future. Feb 22, Draganka rated it it was amazing.

Handbook of Quantitative Finance and Risk Management - Google Livres

Although I used it as a bible while studying derivatives in France, it was merely due to the fact that the professor had co written the french version of this book. I found that it served as good starting point, but there weren't many details on the maths side - the jumps weren't always clear from one formula to another and explanations surrounding models were non-existent sometimes.

Options, Futures, and Other Derivative Securities by John C. Hull — Reviews, Discussion, Bookclubs, Lists

For example, the binomial chapter included 2 separate approaches but they merged together in the explanation rath Although I used it as a bible while studying derivatives in France, it was merely due to the fact that the professor had co written the french version of this book.

For example, the binomial chapter included 2 separate approaches but they merged together in the explanation rather than having a distinct separation - horrendous when asked to valuate option values using the 2 ways.

Oct 29, Awertgafadgfz rated it it was amazing.

John Hull, who writes very well and clearly, delivers a sufficiently detailed view of the derivatives market fundamentals and more. A classic, a starting point for understanding topics and good for a little refresh at other times. Jun 26, Kirill rated it it was amazing Shelves: Nov 07, Yasiru reviews will soon be removed and linked to blog rated it really liked it.

Haven't used it as a textbook, but it's a nice resource to look up instruments and see them in context. Jan 12, Clare rated it really liked it Shelves: A classic as both an introduction to the field, and a reference guide my copy is dog-eared and falling apart, ten years later. This is a very clearly written book and very thorough. It almost made a math type like me with no finance background competent at the topic. Jan 28, Ming rated it really liked it. This book delineates the mathematics of options and derivatives pricing very VERY well Admittedly not a cover to cover read, the chapters I needed were useful!

May 25, Dombercz rated it really liked it. May 29, Abraham Farag rated it really liked it. Written like a grad school textbook. Was very useful to me.

Mar 09, Mark Wilson rated it it was amazing. If you can understand everything this manual says, you are well on your way to understanding derivatives trading. However, it's not easy. Out of every 1, who say they understand everything it has to offer, perhaps only one really does. There are many other books on the subject. This is the one book you'll see every derivatives trader referring to-it's the Bible to them. If nothing else, this will teach you why derivatives traders are rewarded well.

Mar 06, Tianyi rated it it was amazing. An execllent book of modern financial theory. Jan 04, Saju Pillai rated it really liked it Shelves: Or as my friend says "proper scientific founding in derivatives with which to loose money in the market" - the same guy who came up with the chapter wise exercises available in the 6th Indian Edition of this book.

The math is easy to grasp, Hull takes shortcuts while deriving some of the results in derivative theory but follows up with rigorous proofs in the appendix. I would have personally liked some more in de Brilliant. I would have personally liked some more in depth study on Volatility; the book is otherwise reasonably well balanced.

Jan 23, Parmeeta rated it it was amazing Recommends it for: I think its Geeta for finance people as it covered vast area i. In short if u dont have any understanding about finance dont worry start with 1st page of this book and stop at last page, u will be GURU of finance.

Still my favorite text on derivatives, I remember reading the first edition a couple of decades ago like it was yesterday. Hull is a very engaging speaker, and reads if anything even better. The volume starts at the beginning pretty much at a highschool calculus and stats level and slowly builds. At the end the mystery of options and derivatives evaporates. Good for reference and digging deeper into a topic.

Not an introductory text. Jul 17, Singgih added it. Jan 05, Ikaprahayu rated it liked it. Dec 12, Harshdeep rated it it was amazing Shelves: Bible of Financial Market. Apr 02, Hank rated it liked it Shelves: A little drier, but it is certainly useful.

Nov 11, Brian Mills rated it really liked it. About to start reading There are no discussion topics on this book yet. This work is suitable for institutional investors, portfolio managers, financial analysts, and those requiring access to information on the global fixed income marketplace.

It covers pricing models, volatility considerations, basic and advanced trading strategies, and risk management techniques. Written in clear, easy-to-understand fashion, the book points out the key concepts essential to successful trading. Drawing on his experience as a professional trader, author Sheldon Natenberg examines both the theory and reality of option trading.

He presents the foundations of option theory, and shows how this theory can be used to identify and exploit trading opportunities. Expanded coverage of stock option; Strategies for stock index futures and options; A broader, more in-depth discussion volatility; Analysis of volatility skews; Intermarket spreading with options.

Jacques, Partner and Chief Investment Officer, Martingale Asset Management. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn.

There is a substantial expansion in both depth and breadth on the original. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management. Remole, Managing Director, Head of Global Structured Equity, Credit Suisse Asset Management. By outlining an innovative process to uncover raw signals of asset returns, develop them into refined forecasts, then use those forecasts to construct portfolios of exceptional return and minimal risk, i.

Active Portfolio Management, Second Edition, now sets the bar even higher. Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering superior profit opportunities.

It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark.

The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management.

It blends practical and theoretical coverage, while maintaining an appropriate rigor and a clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The text places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. The interviewers use the same questions year-after-year and here they arewith solutions!

These questions come from all types of interviews corporate finance, sales and trading, quant research, etc , but they are especially likely in quantitative capital markets job interviews. The questions come from all levels of interviews undergrad, MBA, PhD , but they are especially likely if you have, or almost have, an MS or MBA. The latest edition includes over non-quantitative actual interview questions, and a new section on interview techniquebased partly on Dr.

Crack has a PhD from MIT. He has won many teaching awards and has publications in the top academic, practitioner, and teaching journals in finance. Crack taught at the university level for 20 years including four years as a front line teaching assistant for MBA students at MIT. Readers will learn about investors, brokers, dealers, arbitrageurs, retail traders, day traders, rogue traders, and gamblers; exchanges, boards of trade, dealer networks, ECNs electronic communications networks , crossing markets, and pink sheets.

Also covered in this text are single price auctions, open outcry auctions, and brokered markets limit orders, market orders, and stop orders. Finally, the author covers the areas of program trades, block trades, and short trades, price priority, time precedence, public order precedence, and display precedence, insider trading, scalping, and bluffing, and investing, speculating, and gambling.

Throughout the book the authors show how managers use financial theory to solve practical problems and as a way of learning how to respond to change by showing not just how but why companies and management act as they do. The text is comprehensive, authoritative, and modern and yet the material is presented at a common sense level. The discussions and illustrations are unique due to the depth of detail blended with a distinct sense of humor for which the book is well known and highly regarded.

This text is a valued reference for thousands of practicing financial managers. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management. Readers will also discover the strengths and weaknesses of modern portfolio theory as well as the latest breakthroughs. This text has two objectives. The first is to introduce students to applied econometrics, including basic techniques in regression analysis and some of the rich variety of models that are used when the linear model proves inadequate or inappropriate.

The second is to present students with sufficient theoretical background that they will recognize new variants of the models learned about here as merely natural extensions that fit within a common body of principles. The Fifth Edition features a complete update of techniques and developments, a reorganization of material for improved presentation, and new material and applications. Masterfully combining the results of years of teaching microeconomics at Harvard University, Andreu Mas-Colell, Michael Whinston, and Jerry Green have filled that conspicuous vacancy with their groundbreaking text, Microeconomic Theory.

The authors set out to create a solid organizational foundation upon which to build the effective teaching tool for microeconomic theory. The result presents unprecedented depth of coverage in all the essential topics, while allowing professors to "tailor-make" their course to suit personal priorities and style. Topics such as noncooperative game theory, information economics, mechanism design, and general equilibrium under uncertainty receive the attention that reflects their stature within the discipline.

The authors devote an entire section to game theory alone, making it "free-standing" to allow instructors to return to it throughout the course when convenient. Discussion is clear, accessible, and engaging, enabling the student to gradually acquire confidence as well as proficiency.

Teachers of microeconomics need no longer rely upon scattered lecture notes to supplement their textbooks.

Fills a big gap in investment literature -- the only book to share complex options trading strategies and advanced risk management methods with trading professionals. The very things done to make markets safer, have, in fact, created a world that is far more dangerous.

From the crash to Citigroup closing the Salomon Arb unit, from staggering losses at UBS to the demise of Long-Term Capital Management, Bookstaber gives readers a front row seat to the management decisions made by some of the most powerful financial figures in the world that led to catastrophe, and describes the impact of his own activities on markets and market crashes.

Much of the innovation of the last 30 years has wreaked havoc on the markets and cost trillions of dollars. In the process of showing what we have done, Bookstaber shines a light on what the future holds for a world where capital and power have moved from Wall Street institutions to elite and highly leveraged hedge funds. Bernstein brings to life a variety of brilliant academics who have contributed to modern investment theory over the years: Louis Bachelier, Harry Markowitz, William Sharpe, Fischer Black, Myron Scholes, Robert Merton, Franco Modigliani, and Merton Miller.

Filled with in-depth insights and timeless advice, Capital Ideas reveals how the unique contributions of these talented individuals profoundly changed the practice of investment management as we know it today. About the Author Peter L. Bernstein, one of the foremost financial writers of his generation, is the author of the bestselling, Against the Gods: The Remarkable Story of Risk and The Power of Gold: The History of an Obsession, both from Wiley, as well as five other books.

He is President of Peter L. He is the founding Editor of the Journal of Investment Management. He has lectured widely throughout the United States and abroad, and has received the highest honors from his peers in the investment profession. This book starts from the ground up to provide detailed explanations of both these techniques: Throughout the book examples from empirical studies bridge the gap between the theory and practice of trading.

Market, limit, stop, hidden, iceberg, peg, routed and immediate-or-cancel orders are all described with illustrated examples. TWAP, VWAP, Percent of Volume, Minimal Impact, Implementation Shortfall, Adaptive Shortfall, Market On Close and Pairs trading algorithms are all covered, together with common variations.

An in-depth example shows how these may be broken down into constituents such as market impact, timing risk, spread and opportunity cost and other fees. Updates to this edition include a more user-friendly approach, new or updated cases that illustrate top companies addressing real world situations, topical articles written by scholars and practitioners, and more. In The Dark Side of Valuation, one of the worlds leading valuation experts reviews every approach, demonstrating exactly how to adapt traditional techniques to minimize risks and maximize returns.

Aswath Damodaran begins with an overview of the markets dramatic shift towards technology stocks - specifically new technology stocks. He then identifies key valuation principles and techniques, demonstrating them through five case studies that encompass the entire technology company lifecycle: If you like books and love to build cool products, we may be looking for you.

Hull is a Professor of Derivatives and Risk Management at the Rotman School of Management at the University of Toronto. He is both a very well respected researcher in the academic field of quantitative finance see for example the Hull-White model , and also the author of among other works two books on financial derivatives that have become market practitioners' standard texts: In , he was awarded the Financial Engineer of the Year Award, by the International Association of Financial Engineers.

Books by John C. Share on your website title link preview: Options, Futures and Other Derivatives avg rating preview: Options, Futures and Other Derivatives Goodreads rating: Trivia About Options, Futures Just a moment while we sign you in to your Goodreads account. Original Title Options, Futures and Other Derivatives ISBN ISBN Less Detail edit details Get a copy: Recent Questions is there any way to get it online?

Options, Futures and Other Derivatives.