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Financial Market Analytics
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Review
“[N]ot your normal finance book....it actually is a mathematical tool chest illustrated with a boatload of finance examples....[P]rovides not only a review of the quantitative methods but a review, in a very applied way, of a great variety of financial topics as well....[F]inance professionals should be able to take the information in the book and apply it to their day to day lives.”–Derivatives Strategist
About the Author
JOHN L. TEALL is Associate Professor of Finance at Pace University and has served on the faculties of New York University, Fordham University, Dublin City University and others.
09/04/2006
Very productive approach in learning finance bottom:0.5em;">
This excellent and practical book on quantitative finance has brought a new perspective in learning the subject by heart. It is pretty much differently productive way in capturing the subject by categorizing the lessons in term of relevant mathematical tools, instead of conventionally by particular financial topics.
It just prepares the reader sufficiently to meet the mathematical understanding of each particular financial materials by incorporating the related examples, very practical though, that utilizes each quantitative tool for that associated chapter.
One caveat to keep is that, the content is very concise, to the point and sufficient still, and leaves no room for overly explaination, if you need one. It will be, as the author regularly suggests, a very excellent supplement reading with your main finance text, whatever subject it is you are learning. It could also be conveniently kept as the handbook or quick refresher for practitioners, who needs to brighten up the basic concept in finance.
One last thing to add, the book is quite basic and should be fully benefited and most valuable to the learner who only requires the material of early stage in learning finance seriously or want to study it in more quantitatively oriented fashion. It would be deemed suitable, or at the equivalent level to, for the person attending college with major in business or finance up to and including MBA (Finance / Economics), especially the one who plans to go beyond the master level.
01/11/1999
It actually is a mathematical tool chest illustrated with numerous finance examples. As such it provides a finance professional with a quick review of elementary probability and statistics, linear algebra, calculus (stochastic and normal) and numerical methods. Teall's method is to explain the basic mathematical concepts and then to illustrate those concepts with a variety of financial examples.
For an applied finance professional, the book offers a solid review of various numerical methods and shows you how to apply them in a variety of settings. Incredibly, this is all done in under 250 pages. Between the explanations of the theory and the examples of the applications, finance professionals should be able to take the information in the book and apply it to their day to day lives. The book's brevity and focus on applied work are likely to make it more useful than longer more theoretical tomes.
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