5 comments about Deflation: Why it's coming, whether it's good or bad, and how it will affect your investments, business, and personal affairs.

1. Quick, compelling arguments to change the way you think about the economy and the future. Well written and easy to understand, and fairly light reading for economics. "Must read" for investors, those approaching retirement, etc. Especially important for those with a lot of debt, or thinking about doing a lot of borrowing. Not a 'doomsday' piece, but very thought-provoking as to understanding new ways to win in investing.



2. This book will help you make sense out of the headlines you have been seeing everyday in the business section of your paper. It will help you "connect the dots" about megatrends you maybe were aware of, but not taking into account with your investment decisions. I read this back in August 1998, and it is amazing how current events seem to be playing out almost exactly as forecasted in the book. You should not miss the chance to read this.



3. Shilling predicts good - rather than bad deflation (at least for the USA): i.e. surging demand absorbing excess supply because of price falls. It is a US-centric view - weaker on the international side. Deflation addresses an important & neglected subject. The slow start is tolerable because of good, up-to-date graphs and data generally. Happily he is consultant-clear rather than economist-arcane. His analysis of the US economy is compelling & useful for foreign readers. Nonetheless, there are questions: will policymakers (including central bankers) not adjust; e.g. I understand that defense spending has started rising again. Shilling's review of factors such as the internet is useful. The foreign material is poorer - though his Asian chapters are good. Bizarrely for such a serious & scholarly work, there is no index.

   Shilling is worth reading - he thinks the west will experience `good' rather than `bad' deflation - but how deep will the Deflation be and how long will it last? He could have usefully studied natural resources in more depth; after all, this is where deflation hit hardest and earliest. I will read him again.




4. I found this easy-to-read book very profound in its analysis of the inflation-disinflation-deflation pattern that we are witnessing today.

   The book is filled with charts that highlight the author's message. The last several chapters on investment, business, and personal strategies are priceless.

   No weasel words in this book. Lots of forecasts.

   John D.




5. A careful look at the book shows that Shilling's THEORY for deflation is based on the longwaves of Kondratieff. Shilling uses a real (as in real business cycle literature) rather than a monetary interpretation (a la Milton Friedman, Irving Fisher..) of longwaves which results in his use of 1974 (following the oil shock) rather than 1980 (following the tight monetary policies by central banks under the guise of Monetarist doctrine) as the beginning of the current wave down.

5 comments about The Rediscovered Benjamin Graham: Selected Writings of the Wall Street Legend.

1. Janet Lowe's book delivers. Want to know what a genius of finance thinks about investing, the stock market and economics? Buy this book. Each time I read it, I discover a new insight which previously eluded me. Truly a great book and I recommend it to all investors of any level of investment sophistication.



2. I've profited handsomely in a real-time portfolio over less than 6 months from ideas accumulated from my reading of this nice collection of articles. Before picking up this text, I expected it would contain mainly writings from Graham's earliest years --writings destined to be melded into the first edition of "Security Analysis." There are a couple of such pieces, but I was most taken with the pieces written towards the end of his life. Some of these are interviews. Graham generated financial ideas for the individual investor until the very end of his life, and this book is currently the only published repository for these. I'm not sure if someone just coming to Benjamin Graham will derive the greatest benefit from this book, but anyone who has a passiing familiarity with "Security Analysis", "The Intelligent Investor" and "The Interpretation of Financial Statements" will derive great pleasure and a goodly number of valuable insights from this collection.



3. This book give a concrete two factor formula for buying below market value investments without needing the more extensive balance sheet analysis as used in the "Intelligent Investor" or "Security Analysis".



4. Janet Lowe has done an outstanding job collating and introducing each section of this book of previously unpublished articles, lectures, and interviews from the father of value investing. I believe anyone reading this book will get a huge value out of it. This book is a great addition to Mr. Graham's books. It is also a great book to read for those new to Graham's teachings of buying good stocks when their prices are below intrinsic value. Graham's methods of finding good stocks at fair prices by examining their equity to asset ratios, book value, and P/E multiples brought the Graham-Newman partnership over a 20% annual return on equities for 20 years. Followed by his pupil Warren Buffet using and refining his techniques to return over 20% a year for 40 years and eventually lead Warren Buffett to be worth $40 billion thanks to using his value investing for the holding company Berkshire-Hathaway. I sit up and listen to anything these two great men have to say. I also recommend reading Graham's Intelligent Investor and Security Analysis, and "The essays of Warren Buffett" by Cunningham.



5. I don't think too many people know about this book, however, everyone should. It is an easy, quick read culminating Graham's entire philosophy. It also includes interviews near the end of his great life- and still then his mind is sharp.
   
   Another thing I found interesting was in the last interviews of the book, Graham had begun to believe that investing should be extremely simple- and I mean extremely simple- rather than the long, drawn out process that he had been doing his entire career. I will leave you with one quote:
   
   They called it the "Bible of Graham and Dodd." Yes, well now I have lost most of the interest I had in the details of security analysis which I devoted myself to so strenuously for many years. I feel that they are relatively unimportant, which, in a sense, has put me opposed to developments in the whole profession. I think we can do it successfully with a few techniques and simple principles. The main point is to have the right general principles and the character to stick to them.

5 comments about Technical Traders Guide to Computer Analysis of the Futures Markets.

1. This book is nothing special. I really disagree with the author's interpretation of the ADX indicator. Absolute level is far more important than slope. The day trading systems shown will lead you to the poor house in no time. Presents some novel ideas though.



2. I know Charles Lebeau. He does occasional system seminars with my father Dr. Van K. Tharp one of the "Market Wizards" and author of Trade Your Way to Financial Freedom. Charles Lebeau is a great trader. When anyone ask me about a technical indicators book this is the one. Charles is very through. He noticed the best traders in the industry are usually right 30% to 40% of the time. They just cut their losses short and have these huge winners. Charles tested most of the major indicators against random entry i.e. (Flipping a coin) most of them don't do any better. Your exits, psychology, and money management determine if you are making money or not. Don't pay too much attention to your entry. This book explains his results and how to use each indicator. Almost any indicator will work with proper money management. I done well even with flipping a coin and the right stop. The indicator best for you is one you feel comfortable with and will stick with. BUY THIS BOOK and hopefully what I wrote may make some sence to you.



3. I only discoverd this pretty old book recently. I am suprised to find there are quite a lot of trading tips. What make this book stands out of the crowd is the tips were very concrete and practical. The discussions about exit and stop loss are parcticular good. Many other books just said cut the loses quick. How quick? When? This book gives you some hints. The authors also give some tricks in using indicators which I hope I could know earlier.



4. This book gets a 4 stars rating because of its expensive price (the book is only 220 pages and full of empty spaces). But, price is always subjective. You may treat it as the cost of your education.

   Anyway, what makes this book so very valuable is the fact that it is easy to read, clear, definitive, and yes it has so many valuable information on what parameters to use for each indicator. How many of you left confused on what parameters should be used? This book will definitely clear away the clouds in your mind.

   LeBeau has done extensive research on indicators such as ADX and his insights on other popular indicators are extremely valuable.

   The title may be slightly misleading because bulk of the contents is explaining each technical indicator (120 pages), while only 45 pages on explaining how to build a trading system. Yet, it is clear and concise.

   The final Chapter is also valuable. It deals with 12 Day Trading systems that the author has selectively chosen out of all day trading ideas he has or has received from other great traders.




5. This book is a must read for Trading System Developers. The concepts can be applied to many markets. The section on testing alone is worth the price of the book.
   
   www.iExpertAdvisor.com

1 comments about Public-Private Partnerships: Principles of Policy and Finance.

1. Yescombe's "Public-Private Partnerships" is a welcome helpful book, especially for non-experts who have not been educated in law.
   
   Any contract or capital structure has peculiarities unto itself which general commentary can summarize. But this is an extreme challenge in the field of public-private partnerships.
   
   Public-private partnerships can take a variety of shapes and sizes, with asymmetric agency concerns involved. Yescombe doesn't address the full utility of individual agents and principals within asymetry (or work through complete n-actor, n-game game theory optimization), but the cautious reader can read between the lines as he walks through the details and he amply raises enough issues to stimulate thought.
   
   Sub-specializations can often develop difficult technical jargon, and Yercombe does an excellent job unpacking the sometimes bewildering use of terms, while sticking to a presumption of a readership coming from a "Black's" and common law perspective.
   
   Yescombe covers a wide range: from general policy developed by government authorities to technical financial analysis, capital structure, procurement, financial and legal venue issues. Yescombe's perspective as a practitioner gives a solidity to the subject matter, and provides an authoritative guide and reference for investors, bankers, companies providing infrastructure or services to public sector authorities and the public at large.
   
   For now, this is the single best work for anyone interested in a public-private partnership.

5 comments about Investor's Business Daily Guide to the Markets.

1. This book is a *primer*, and as such will likely be neither the best nor the worst book you'll ever read on the subject of investing (fwiw, I actually found the content average, and the writing style a bit like summertime in the Sahara). For me though, the book earned its fourth "star" for a single--yet *really* important--reason: its connection to the IBD newspaper. For about $25, _Guide to the Markets_ explains much of its information using the same graphs and other formats as you'll find in the company's daily. *That* is a great deal considering that IBD is one of the best, if more expensive, investment tools available. For its ability to cheaply provide access to that very powerful tool, while also providing other occasional insights, _Guide to the Markets_ is a very good value. (It's nicely indexed enough to serve as a solid reference as well).



2. This book is actually half decent it isn't near as good as How to make money in stocks but it covers a lot of relevant information for newer investors.

   The chapters cover these wonderful topics:

   * Capitalism: What it is and why it works
   * The stock market: Primer on what stocks are and how the market works
   * Mutual funds
   * Options
   * Bonds
   * Futures market
   * Economics and economic indicators

   The book reminds me of Investing Smart however Guide to the Markets is at least 10 times better and covers more topics, not to mention the writers are much better than Dhun H. Sethna.

   I recommend this for beginning CAN SLIM investors.

   Reed Floren




3. This book is pure gold for investors who are just getting started in playing the market. Coupling this book with a subscription to Investor's Business Daily will help you make good decisions quickly and minimize the punishing losses that naive investors sometimes take. IBD does a good job of explaining technical issues in easy to understand language along with showing pertinent charts and graphs.



4. Even a novice could learn the working of western
   economics ( capitalistic ), the influence of Government
   intervention, the mechanics of the stock market, and
   the way to use the best investment paper today: Investor's
   Business Daily. Only criticism: you should have noted
   that the book is the same as the one published 10 years ago,
   and not a new edition!



5. This is one of the best books on the market for beginners. It contains all things that a beginner needs to know about what a stock is, how the stock market operates, capitalism, how free markets operate and much more. It explains how to really invest and trade for profit using valuations, technical stock movements and emotional factors. It also expands into the futures and bond markets and explains options and selling short. I found the chapter that tracked all the greatest performing sectors for each year over the last century very informative. This book is just packed full of information that you will learn from and be able to profit from in the markets. The only reason I did not give it five stars was due to it needing an update, it is a 10 year old book and I would like to see the last ten years added in to an updated version of this book.
   
   Also check out Jason Kelly's "Neatest little guide to stock market investing" for another great book for beginners.

5 comments about The Vulture Investors, Revised and Updated.

1. I found this book to be a complete waste of time and money. The book has very little substance, it is highly and extremely boring. Every story sounds the same and absolutely NO attention is paid to how the vultures decide what firm to buy into.



2. As usual, Ms. Rosenberg has written an outstanding book that is clear and compelling. Although it is a business book I will be brave and say it is also entertaining. This makes Vulture investments clear to an English major. I have bought several and recommend it to all friends.



3. Great book, interesting stories.
   
   The update is not worth the extra dollars though



4. What a great read! To say that this book is Educational & Entertaining does not do it justice. The author takes you into a world of high finance and even higher stakes as companies hang in the balance & investors fight for profits.
   
   The author does a great job of taking a very, very complex business and breaking it down so that most readers can understand the world of "Vulture Investors".



5. This book came in good condition, just as was expressed by the seller. I would purchase from them again. Unfortunately this was a gift for someone else, so I have not heard anything back from the reader as to how the content is.

5 comments about Credit Card Debt:.

1. I am deep in credit card debt, and I am being hounded by credit card companies, bill collecters, etc. I thought that this book would really help me with my alternatives for debt consolidation, give me guidelines about when to file for bankrupcty, and offer some advice about how to work with professionals. Instead, it seems like this book is written for the average person who isn't too deeply in trouble. I will keep looking for a book that evaluates the various debt consolidation agencies, talks about making settlement offers with the credit card companies, and provides information about how my credit report will be affected by the various alternatives. At this point, would it better to just file for bankruptcy? Would it be worse for my long-term credit to file Chapter 7 as opposed to making 50% settlements with my creditors? How can I find answers to these questions?



2. All right, here is my review: I think this book is not bad at all. It gives some very useful information about credit cards and credit card issuers. It is always very useful to have this info in your mind, although some of them are really straightforward and clear. Sometimes you need to read it in someonewelse's words even you know it. By the way, if you really don't know how to organize your finances like writing down your balance and credit limit on a piece of paper, you should really read this book!

   Ok, that was the good part about the book. What about the rest? Don't we all know how to try to get lower interest from issuer and high interest rate induces high interest on top of your balance in every billing cycle? We know what a transfer balance with promotional rate is etc. and how to use it in our advantage. If you don't, Read this book.

   Do you know what is the magical trick behind all of this credit card debt reduction techniques! I'll tell you that. PAY YOUR BALANCES. From no book you cannot get any information about how to reduce your debt without paying money. So, don't spend much, but try to pay as much as you can. Booom, you reduce your credit card debt. That simple.

   Last words, this book covers some useful info you might not have known at all. Maybe it should be called "credit cards for dummies". Aren't we all little bit dummy in this field?




3. According to the author of Credit Card Debt, a freeloader is what credit card companies call the smart individuals who pay off their debt every month (they've gone to a less likable "deadbeat" since the printing of this book).
   
   While the information is almost a decade old, there is still a wealth of knowledge in this book and most of the core principles are still valid. Daskaloff describes the credit card industry in terms of specific credit cards and accounts for specific people: those who pay their cards off every month; those who carry a balance; people who are very disciplined; etc., and this format is very helpful for the average consumer. The book is an easy ready, but one that is recommended for those who want to learn the basics on the industry that is shaping our culture.
   
   All in all, it's a good book and is well worth the $7.



4. I wish I had read this book 10 years ago. I really liked the way the author put forth, in plain language, what I could do to get out of credit card debt. Organization is key and so is reading the fine print on the back of your credit card statement. I thought that the charts in the book were a bit too complicated for my taste and that the simple notebook approach with a page for each credit card, worked better for me.



5. If you are looking for a lot of good information, and plenty of options on how to help get out of debt this is the book for you. I bought three debt books from Amazon, and this was the best of them all. This book costs the least amount of the three books I purchased. You can refer to this book year after year for refresher ideas.

5 comments about Great Boom Ahead: YOUR COMPREHENSIVE GUIDE TO PERSONAL AND BUSINESS PROFIT IN THE NEW ERA OF PROSPERITY.

1. Harry S. Dent, Jr.'s book is remarkable both for the overall accuracy of its predictions and for the simplistic model upon which those predictions depend. Written in 1993, it claims a niche within the general family of "trend" books written by the likes of Alvin Toffler and John Naisbitt. The work anticipated our current era of super bullish markets, which it predicts will continue through 2007. The crystal ball drops a few items, given that a few years have passed since publication. Nonetheless, it offers a clear macroeconomic forecast and investment tool. If you sense the Fed just doesn't get the New Economy, this is the book for you. We [...] recommend this book to those seeking to understand the United States' era of record-breaking economic gains (and Japan's current hard times).



2. Well supported by fact and Examples. Just wish I had read it years earler as I could have saved many $. I just couldn't put it down. Now I wouldn't be without it.



3. An update on this 1992 book "The Great Boom Ahead" from the perspective of 2003. First, Harry Dent is the eternal optimist and this earlier book correctly predicted the bull market of the 90s, while Robert Prechter, Martin Weiss, Nick Guarino, etc. were all wrong (in their timing at least) in predicting a downturn and depression to occur. But wait....the 2000-2002 downturn that cost so many investors money has at least opened a few eyes. And on pages 16, 18 and 34-36 of this book Harry Dent himself predicts the "Mother of all Depressions" to arrive around 2010, when the baby boomers' spending spree is over and they begin to retire. So the eternal optimist Harry Dent AGREES with the eternal pessimists and "doom-n-gloomers" about the inevitable outcome. They just disagree on the timing. So somewhere between 2004 - 2010 we can expect the largest downturn in U.S. history since 1929-1932. Enjoy the rest of the boom !!



4. Harry Dent really made a spectacular call back in 1993 in this book about the tremendous rise in the Dow during the 90's. He even predicted the slump in 2002-2003. His ideas of why this happened are presented in a simple theme that I found very intuitive. This book is a gem.
   As for other books by Mr. Dent, he decided to contradict himself and go for very unrealistic goals for the Dow. Read this book and ONLY this book. Too late to make a killing on the stock market but still time to get out of stocks before the coming slump.



5. In 1993 I'd have rated this book 5 Stars. It was a great book leading up to the late 90s boom. But it's now 17 years old and there have been too many macro changes to consider this a best buy for the times. Only the demographics remain the same.
   
   In 2000 he predicted the DOW hitting 40,000 and repeated it in his 2004 book. In 2006 he changed it to 16000 to 18000. His latest prediction is 20000 by 2009. Bottom line is that if you make enough predictions one of them is bound to be correct --- sooner or later.

5 comments about The Excellent Investment Advisor.

1. My general rule of thumb is: If it was written by Nick Murray, I'd do well to read it. This book is no exception and is well worth the price of admission. What can one say that has not already been said? Still I thought I needed to second those reviews. The thought processes, the methodology, the scripts, the over-riding philosophy; all of it is helpful. That said, perhaps the most valuable aspect of this book is its ability to benefit the total range of investment advisors. It is tough enough to go toe to toe with the seasoned vet, but profoundly simple enough for the rookie to fall in line with. I don't agree with everything Nick says on every subject (I've never made a cold call in my entire career and I'm doing just fine without them) but he makes me think about every subject. He engages me and overwhelms me with his understated intelligence and impeccable logic. If you are in the business, this is a must read.



2. This is a great book for financial planners. It has some very sound principals to follow and as I am reading, I am implementing many of the ideas into my practice.



3. This guy is a great writer, and I like his style. He seems to believe the key to success in investments and anything else is to do the exact opposite of what the crowd does. Take a firm stance and have faith in it. I happen to agree. It's tough to deny your insticts and not follow the crowd when things are going well for them and not for you, but it's really the only way to rise above mediocrity.
   
   I have only two complaints about the book. First off it's too long. By page 300 or so you're begging the author to stop beating into your head the same ideas over and over again. Second, in all of his examples the prospect eventually ends up buying, even though we all know that his approach isn't always going to work. To his credit, the author says his approach won't always work, but he won't give an example of it not working, which I would have liked to see.
   
   For someone like me who isn't even close to being a journeyman yet, this is a great and resourceful book that you can learn much from. Otherwise, you might find yourself skipping a few chapters, especially over basic things like dollar cost averaging, even though the author phrases his opinions about them so eloquently.



4. This book was recommended to me in my interview for a financial advisor. This is a good primer for your financial advisor business. I read through the book once and will likely go back and reread it. I've tagged many of the pages for quick reference.
   
   I am going to also get Murray's book, the New Financial Advisor because this one is a bit outdated with the examples. The only marketing technique he emphasizes is cold calling, but he gives you a good way to approach this scary bit of life. However, his advice and sample conversations are very valuable. Murray also offers many other bits of advice that range from building up your courage to dressing tips.



5. This book has a very specific target audience--financial advisors and clients who want to tap into the psyche of their financial advisor(s). If you are in one of the two categories you will get a tremendous amount out of this read. It is part historical yet he gives incite to where he thinks the industry is headed. In between is a moment of transition which can either be embraced or you can become a relic of days gone by.
   
   I really appreciated this book because it validated the existence of ethical advisors. I first became aware of this book soon after the bust of the "dot com" bubble. Needless to say the industry was taking its lumps, often deservedly. The principles within confirmed in my mind that we were doing the right things and assured me that "this too shall pass."

5 comments about Financial Calculus : An Introduction to Derivative Pricing.

1. Baxter starts off with a formula familiar to anyone who has read even one text on mathematical finance. Set up the basic terminology and core mathematical expectations, introduce discret time times, evolve the discret time models to now-classic continuous time models, and then adapt for the continuous time models for specific products and situations (American option expiration, interest rate models, jump diffusion, etc...).
   
   What I liked best about the book was the skillful narrative and witty presentation of the foundational concepts. Chapter 3 -- the introduction to continuous time models and Black Scholes -- is by far the best introduction that I have read -- to why stochastic models do not follow the classic rules of Newtonian calculus and heuristic proof that explain the "why" behind the basics of stochatsic integration, Ito's lemma, and Brownian motion. Although I was familiar with the material before reading it, the clarity and insight of his presentation fundementally changed by view of the craft of quantitative finance and simplified the manner in which these topics were organized in my mind.
   
   This is not a Paul Willmott book -- full of pseudo-code and real-code implementations, sweeping in its coverage of the many topical specifics that practitioners reply on day-to-day. It does not replace the need for these other approaches. Like Willmott, though, it is geared for the new student of computational finance.
   
   The lack of implementations is disappointing because his pedagolical style is so basic that the final expressions evolve right up to the edge of practical use but then stops. Yet the discipline is this evolution keeps the book moving at a fast pace from start to finish and keeps the entirity of the book very short.
   
   Additionally, there is a lack of applications and material relevant to the credit markets and fixed income worlds that would have been nice to have covered with the same style. Perhaps he will follow up with a second book that explores a larger universe of financial markets and products.



2. Baxter/Renie's book makes it easier to understand Shreve's texts on stochastic calculus (vol.1,2). In particular, ch 2 (discrete) & ch. 3
   (continuous) gives nice and simple descriptions of the essential concepts: filtration, measure, numeraire, drift, Ito formula. (These concepts can be difficult without a more detailed description of a stochastic process). The chapters 4,5,6 can be considered applying the concepts to SDE's in a number of cases, say, forex., equities, interest rates and multi-dimensional problems. These applications provide a good grasp of the mechanics to better understand the more detailed description of the same concepts in Shreve's texts.



3. This is a great book, no doubt about it...
   
   The basic ideas and tools of mathematical finance (Arbitrage Pricing Theory, Stochastic Calculus, Martingale Measure) are presented in a VERY conceptual way, allowing one to gain solid intuition in a field often obscured by abstraction and formalism. The description of the impact of change of measure on Brownian Motion, among others, is a little gem!
   
   Although the level of mathematics is not overly complex, some sections still require a fair amount of "fiddling" with pen and paper to fill in the gaps and make sure the concepts are clearly grasped. That definitely demands a little mathematical maturity and assertiveness. The section on the Binomial Representation Theorem, for example, could be expended a little, with more concrete examples. But if one spends the time, goes through the book over and over looking at everything in ever finer details (...it is only 200 pages and a pretty quick read), it is immensely rewarding and provides a solid basis to tackle more complex monographs.
   
   The only reservation is about the quick and much rougher presentation of Interest Rates Models. While the first sections on the Black-Scholes framework, Arbitrage Pricing and replication strategies for Vanilla options are very detailed, the Heat-Jarrow-Morton model could definitely be expanded (some of the results presented are not easy to derive given the material presented) and LIBOR models should be covered.
   
   Given the success of the book, one however wonders why a second edition polishing a few sections (see Martin Baxter's website for extra material) and addressing newer developments has not been issued...



4. I think this is one of the best introductions to mathematical finance around. Unfortunately, the book was out of print when I taught the subject, so I never got to test it as a textbook.
   
   In particular I really like chapter 2, where the authors introduce the key concepts in discrete time binomial processes. This allow them to introduce deep concepts like information and filtration in an understandable manner, while few students really understand measurability. (If you think that is a trivial idea from stochastic analysis, you may want to go for another textbook.) The binomial representation theorem is almost trivial, but show what the general version, the martingale representation theorem is all about, and why it is so useful. Similarly, the Cameron Martin Girsanov is heavy stuff in continuous time, but the idea is simple for binomial processes. I guess a lot of students will understand what the theorem i all about for the first time when they se the binomial version.
   
   The book then goes on to generalize all these ideas to continuous time and space, but with somewhat less mathematical formalism than many other books.



5. "Martin Baxter
   Works at Nomura International in London.
   He was a Fellow for four years at Pembroke College, Cambridge, has held a one-year visiting position at the University of British Columbia, and has been an invited speaker to both academic and financial audiences in Europe and North America.
   
   Andrew Rennie
   Studied mathematics at Cambridge.
   He is presently Head of Financial Engineering at Rabo Bank in London, a position he reached via philosophy, chemistry and graphic design."
   [from the book of the front flap]
   
   "The book is the First published 1996
   Reprinted with corrections 1997
   Reprinted 1998 (twice), 2000 (twice), 2001 (twice)
   Printed in the United Kingdom at the University Press, Cambridge."
   [from the book]
   
   ".....This unique, MODERN AND UP-TO-DATE book will be an essential purchase for market practitioners, quantitative analysts, and derivatives traders, whether existing or trainees, in investment banks in the major financial centres throughout the world."
   [from the book of the back jacket]