Risk Management And Derivatives Download Free (EPUB, PDF)
In direct contrast to most existing derivatives books which emphasize issues related to the pricing and hedging of derivatives and are intended more to train traders, not managers, this groundbreaking book is designed for those who want to learn how to use derivatives to maximize firm value through risk management. This book presents the crucial tools necessary for executives and future derivatives players to effectively hedge with derivatives in order to protect firms from losses. Coverage includes all the pricing tools that are necessary for those who seriously intend to use derivatives as well as the necessary tools to evaluate how to use a particular derivative to reduce risk. Rather than focusing on an array of possible derivatives, the book is much more concerned about teaching a general approach to use derivatives so that readers know how to use existing derivatives for risk management as well as derivatives that do not yet exist.
Hardcover: 704 pages
Publisher: Cengage Learning; 1 edition (November 27, 2002)
Language: English
ISBN-10: 0538861010
ISBN-13: 978-0538861014
Product Dimensions: 1.2 x 8.2 x 10 inches
Shipping Weight: 3.1 pounds (View shipping rates and policies)
Average Customer Review: 2.1 out of 5 stars See all reviews (10 customer reviews)
Best Sellers Rank: #1,045,217 in Books (See Top 100 in Books) #235 in Books > Business & Money > Investing > Futures #835 in Books > Textbooks > Business & Finance > Investments & Securities #1478 in Books > Textbooks > Business & Finance > Finance
Do not buy this book. It's one of the most poorly written book i've ever read. The author likes to use long winded sentenses to explain simple concepts and he does a piss poor job at it. In addition, this book lack quality example problems to help you learn the concepts. When there are examples, they are deeply burried in text rather than clearly shown in a designated area. Imagine an algebra or calculus book with examples explained in text rather than numbers. (.i.e two plus two equals four ... as opposed to 2+2=4) This is how bad this book is. This book is not worth the money. The only way that it's worth the price I paid is if I get a chance to throw it that the author.If anyone out there know of a well written risk management book, please let me know. I'd greatly appreciate it.
This book was assigned reading for an MBA course I took in risk management. It is horrible. As mentioned in an earlier review, the author explains the fundamental equations and ensuing examples all in words, almost as if it were meant to be an audio book. I have a PhD in one of the physical sciences and usually tear through and get a lot out of finance books. Not this one.The table of contents makes this text look wonderful. In reality, this book is sad - although every chapter is about something important, it wastes 50 pages to ramble about something that could be covered succintly in half that. The organization of relevant maths is also extremely disappointing. I suspect one of the glowing reviews was by someone who hasn't actually read it - it sounds more like publisher's marketing.I expected far more.
I am an MBA student and my class requires the use of this book (Risk Management and Derivatives, Stulz, 2003).I completely agree with other's negative comments regarding this book. Equations are written within a paragraph rather than separated out to clarify. The text is written purely on theory - even the "real world" examples are relatively impossible to understand.My professor, after reviewing the assigned exercises from the book, canceled all future assignments noting that the wording of the problems and the text were so confusing that they were almost impossible to work. My professor noted that he refuses to teach this class again until the school uses a different textbook.This book has made a relatively difficult subject impossible to learn.Mike
I am taking this course at my MBA school "Financial Risk Management". got to say, this book is so ugly dry of illustration and exhibits .. u just feel terribly sick when you start reading it and honestly don't know why they have not assign some other good books available out there. please, if you want this subject for fun reading or something like that, do not approach this one.
I was forced to use this book for a risk management class. It was horrible. If your teacher says you should use this book, do NOT buy it. I ended up purchasing Hull Options futures and other derivates in addition to this. Hull covers all the material this book does, but does it well.Beware, don't buy this book. If you need the problems for homework, copy them from your classmates. It is a complete waste of money and time.
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