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Rating: Summary: The Best Introduction Review: I am currently on a Financial Markets course that is at Masters Level. I bought this book because of its small size and the basic details it covers. I have many other bigger books that go into more detail about stock pricing. However, this book really does explain the basics better than any other I have read. It explains in very simple and statistical terms areas such as the Simple Index Model (SIM), CAPM , Measuring performance of a portfolio, and Modern Portfolio theory. It also touches the surface of advanced moddelling in ARCH/GARCH. But what really sets it apart is that it explains terms not from a purely academic point of view but a much more informative way by looking at how investors should and would approach a problem. If you have some understanding of statistics such as mean and variance (although both are explained in the book) then I would recommend this book to anyone who is thinking about embarking on an investment course of some kind. It is a definite read for any beginner and will make the course easier becasue it explains the fundamentals very well.
Rating: Summary: The Best Introduction Review: I am currently on a Financial Markets course that is at Masters Level. I bought this book because of its small size and the basic details it covers. I have many other bigger books that go into more detail about stock pricing. However, this book really does explain the basics better than any other I have read. It explains in very simple and statistical terms areas such as the Simple Index Model (SIM), CAPM , Measuring performance of a portfolio, and Modern Portfolio theory. It also touches the surface of advanced moddelling in ARCH/GARCH. But what really sets it apart is that it explains terms not from a purely academic point of view but a much more informative way by looking at how investors should and would approach a problem. If you have some understanding of statistics such as mean and variance (although both are explained in the book) then I would recommend this book to anyone who is thinking about embarking on an investment course of some kind. It is a definite read for any beginner and will make the course easier becasue it explains the fundamentals very well.
Rating: Summary: Savvy, informative, invaluable reading. Review: Savvy investors in the stock market need knowledge of the math behind the market, and The Math Behind Wall Street provides it: a slim book masks a wealth of information covering statistics, probability, and other practical applications of business math concepts. From risk factors to annual rates of return, The Math Behind Wall Street will prove invaluable.
Rating: Summary: Excellent for technical oriented investors Review: This book places heavy emphasis on the technical and mathematical aspect of investing. It is quite excellent but I found the math to be very advanced and therefore it is probably not suitable to most individual investors. Like the previous reviewer, I also found the book to be too brief. This book definitely has merit, but it isn't right for beginners or the mainstream investment community. The best audience would be investors with highly specialized investing methods.
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