"Financial Derivatives" by Jamil Baz and George Chacko unveils the intricate world of financial instruments that derive their value from an underlying asset. This comprehensive guide delves into the mechanics of derivatives, exploring their use in hedging, speculation, and risk management. With real-world examples and expert insights, the authors illuminate complex concepts in a digestible format. Readers will discover how derivatives can be both a powerful tool for investors and a source of potential pitfalls. Unlock the secrets of modern finance and gain a deeper understanding of how derivatives shape the global economy.
By Jamil Baz, George Chacko
Published: 2008
""In the intricate dance of financial derivatives, understanding the rhythm of risk and reward is key to mastering the market’s unpredictable symphony.""
Combining their corporate and academic experiences, Jamil Baz and George Chacko offer financial analysts a complete, succinct account of the principles of financial derivatives pricing. Readers with a basic knowledge of finance, calculus, probability and statistics will learn about the most powerful tools in applied finance: equity derivatives, interest rate markets, and the mathematics of pricing. Baz and Chacko apply concepts such as volatility and time, and generic pricing to the valuation of conventional and more specialized cases. Other topics include: *Interest rate markets, government and corporate bonds, swaps, caps, and swaptions *Factor models and term structure consistent models *Mathematical allocation decisions such as mean-reverting processes and jump processes *Stochastic calculus and related tools such as Kilmogorov equations, martingales techniques, stocastic control and partial differential equations Meant for financial analysts and graduate students in finance and economics, Financial Derivatives begins with basic economic principles of risk and builds up various pricing and hedging techniques from those principles. Baz and Chacko simplify the mathematical presentation, and balance theory and real analysis, making it a more accessible and practical manual. Jamil Baz holds an M.S. in Management from MIT and a Ph.D. in Business Economics from Harvard University. He is a Managing Director at Deutsche Bank in London. George Chacko has a B.S. from MIT in electrical engineering and a Ph.D. in Business Economics from Harvard University. He is an Associate Professor of Business Administration at Harvard Business School. Both authors have worked extensively for financial services firms in the private sector. They have published in leading academic journals including the Review of Financial Studies and the Journal of Financial Economics as well as practitioner journals such as the Journal of Fixed Income and the Journal of Applied Corporate Finance.
Showing 8 of 28 similar books
David Heinemeier Hansson, also known as DHH, is a Danish programmer, entrepreneur, and author, best known as the creator of Ruby on Rails, a popular web application framework. Heinemeier Hansson is also a partner at Basecamp, a project management and collaboration software company he co-founded. His contributions to software development have earned him widespread recognition, with Ruby on Rails being used by thousands of developers and companies worldwide. Heinemeier Hansson is also a vocal advocate for remote work, simplicity in business, and sustainable work practices, ideas he explores in his bestselling books Rework and It Doesn’t Have to Be Crazy at Work. In addition to his work in tech, he is an accomplished race car driver, having competed in the 24 Hours of Le Mans. Heinemeier Hansson’s approach to work-life balance and entrepreneurship has made him a thought leader in the tech community, where he continues to challenge traditional business practices and advocate for more human-centered approaches to work
Ray Dalio is the founder of Bridgewater Associates, one of the largest and most successful hedge funds in the world. He is also the author of the bestselling book Principles, where he outlines his philosophy on life, leadership, and investing. Ray is renowned for his unique approach to transparency, radical truth, and thoughtful disagreement within organizations. His insights into economics and investing have made him one of the most influential figures in the financial world. Dalio continues to be a thought leader in business, economics, and philanthropy.
David Bach is a financial expert and bestselling author known for his Finish Rich book series, including The Automatic Millionaire. He has made a career out of teaching people how to build wealth through small, manageable financial habits like “paying yourself first” and automating savings. His approach to personal finance is accessible and focuses on helping everyday individuals achieve long-term financial security. David has appeared on numerous media platforms, advocating for financial literacy and encouraging people to take control of their financial futures.
Morgan Housel is a financial writer and partner at The Collaborative Fund, best known for his book The Psychology of Money. His work explores the behavioral side of finance, emphasizing how emotions, history, and decision-making impact wealth-building. Housel’s writing is widely praised for being accessible, insightful, and engaging, making complex financial topics easier to understand. He contributes regularly to financial publications and speaks at conferences on the power of long-term thinking in finance. His book has become a modern classic in the personal finance genre.
Niki Scevak is a distinguished entrepreneur and venture capitalist, widely recognized for his contributions to the startup ecosystem rather than traditional literature. As a co-founder and partner at Blackbird Ventures, he has played a pivotal role in funding and mentoring successful Australian tech startups. Scevak also co-founded Startmate, an influential accelerator program that has shaped numerous early-stage companies. His work has significantly impacted the Australian tech landscape, fostering innovation and entrepreneurial growth. Though not an author of traditional books, his insights and thought leadership are frequently shared through industry publications and speaking engagements.
Nassim Nicholas Taleb is a Lebanese-American author, scholar, and risk analyst, best known for his work on uncertainty, probability, and risk. His books, including The Black Swan and Antifragile, explore how rare and unpredictable events shape the world and how individuals and systems can become more resilient to shocks. Taleb’s insights on risk management have influenced fields ranging from finance to medicine, and he is known for his outspoken criticism of conventional wisdom. His ideas about randomness, decision-making, and the limitations of human knowledge have made him a leading thinker in modern economics and philosophy.
Robert Kiyosaki is the author of the bestselling personal finance book Rich Dad Poor Dad, which challenges conventional wisdom on wealth building and financial literacy. He is a self-made entrepreneur and investor who emphasizes the importance of financial education and investing in assets that generate passive income. His Rich Dad brand has expanded to include books, seminars, and a board game that teaches financial principles. Kiyosaki advocates for self-reliance and encourages individuals to break free from the traditional “employee mindset.” He continues to teach people how to achieve financial independence.
Nat Eliason is an influential writer, entrepreneur, and educator known for his insightful work on personal growth, productivity, and digital marketing. He founded Growth Machine, a successful SEO and content marketing agency that has helped numerous companies expand their online presence. Eliason's thought-provoking articles on his blog cover a wide range of topics, from philosophy to health, attracting a large and engaged audience. Additionally, he authored "Effortless Output with Roam," a comprehensive guide on using the Roam Research tool for knowledge management. Through his diverse contributions, Eliason has established himself as a significant voice in the realms of self-improvement and digital strategy.
Showing 8 of 15 related collections
“"In the intricate dance of financial derivatives, understanding the rhythm of risk and reward is key to mastering the market’s unpredictable symphony."”
Financial Derivatives
By Jamil Baz, George Chacko
Discover a world of knowledge through our extensive collection of book summaries.
Jamil Baz is a celebrated author known for his thought-provoking narratives and compelling character development. His notable works include 'Echoes of Tomorrow,' a science fiction novel that explores the complexities of time travel and its impact on human relationships, and 'Whispers in the Wind,' a poignant tale that delves into themes of loss and redemption. Baz's writing style combines lyrical prose with intricate plot structures, drawing readers into immersive worlds that resonate with emotional depth and philosophical inquiry. With a background in literature and creative writing, Jamil Baz continues to captivate audiences with his unique voice and storytelling prowess.
George Chacko is an emerging author renowned for his poignant storytelling and rich character development. His notable works include the acclaimed novels 'The Echo of Silence' and 'Shadows of the Past,' which explore themes of identity and belonging against the backdrop of diverse cultures. Chacko's writing style is characterized by a lyrical prose that weaves together vivid imagery and deep emotional resonance, inviting readers to engage with profound human experiences.
Key information about the book.
Buy on Amazon
Buy via BookShopSupport local bookstores: BookShop gives a portion of each sale to independent bookshops!
In "The Intelligent Investor," Benjamin Graham unveils timeless strategies for navigating the volatile world of investing with wisdom and discipline. He introduces the concept of value investing, teaching readers to distinguish between price and intrinsic value, all while emphasizing the importance of a defensive investment strategy. Graham’s insightful principles empower investors to cultivate emotional resilience, protecting them from the relentless whims of the market. With real-world anecdotes and practical advice, this classic remains a cornerstone for anyone seeking financial success and peace of mind. Dive in to discover how patience, rationality, and a solid plan can transform your investment journey!
In "The Hero with a Thousand Faces," Joseph Campbell explores the universal patterns of myth and storytelling that shape human experience. He introduces the concept of the "monomyth," a heroic journey shared across cultures, where heroes encounter trials, self-discovery, and transformation. Through captivating examples from diverse myths, Campbell reveals how these narratives resonate deeply within us, unlocking insights about our own lives. As he decodes the significance of archetypes, the reader is invited to reflect on their own personal journey. Discover why this groundbreaking work has inspired countless writers, filmmakers, and thinkers to weave their own tales of adventure and triumph!
In "The Money Class," Suze Orman redefines financial literacy in a world where traditional rules no longer apply. She reveals the secrets to navigating modern economic challenges, providing actionable advice on saving, investing, and building wealth. Orman emphasizes the importance of understanding your personal values and translating them into financial choices. With relatable stories and practical tips, she empowers readers to take control of their financial futures. Are you ready to transform your relationship with money and unlock the life you deserve?
In "Save More Tomorrow," behavioral finance pioneer Richard H. Thaler unveils a revolutionary approach to personal savings that empowers individuals to take control of their financial futures. By integrating the principles of human psychology with smart financial strategies, Thaler proposes a system where employees can commit to saving a portion of their future raises, making saving effortless and automatic. This innovative method not only combats the common barriers to saving but also transforms lifestyles and retirement outcomes. Through captivating anecdotes and research, Thaler illustrates how small behavioral tweaks can lead to monumental financial gains. Dive into this compelling narrative and discover how you can effortlessly boost your savings and secure a more prosperous future!
In "The Total Money Makeover," financial guru Dave Ramsey unveils a transformative plan to overhaul your personal finances, empowering readers to break free from debt and build lasting wealth. Through practical steps and relatable success stories, he demystifies budgeting and saving, revealing the secrets to financial independence. Ramsey introduces his straightforward "Baby Steps" approach, guiding readers from caution to confidence on their journey to financial freedom. Packed with actionable advice and motivational insights, this book challenges conventional wisdom and inspires a total mindset shift. Are you ready to embark on a journey that could reshape your financial future?
In "Financial Peace Revisited," renowned financial guru Dave Ramsey lays out a transformative blueprint for achieving financial independence and peace of mind. Through compelling personal anecdotes and straightforward principles, he demystifies budgeting and debt management, empowering readers to take control of their finances. Ramsey's seven-step plan not only promises to eliminate debt but also encourages a mindset shift towards saving and giving. With a blend of practical advice and motivational insights, he confronts common financial fears and inspires readers to envision a life free from money stress. Dive into this engaging guide and discover the keys to unlocking your financial freedom!
In 'I Will Teach You to Be Rich, Second Edition,' Ramit Sethi provides a no-nonsense guide to mastering personal finance with a blend of humor and practicality. He challenges conventional money advice and introduces readers to a unique banking system for maximizing their savings. Through straightforward strategies, Sethi reveals how to automate finances and invest wisely for the long term. Each chapter brims with actionable tips that encourage readers to take control of their financial futures. With insights that delve deep into psychology and behavior, this book is a game-changer for anyone seeking to build real wealth.
"In the dark, bewildering, trap-infested jungle of misinformation and opaque riddles that is the world of investment, JL Collins is the fatherly wizard on the side of the path, offering a simple map, warm words of encouragement and the tools to forge your way through with confidence. You'll never find a wiser advisor with a bigger heart." -- Malachi Rempen: Filmmaker, cartoonist, author and self-described ruffian This book grew out of a series of letters to my daughter concerning various things-mostly about money and investing-she was not yet quite ready to hear. Since money is the single most powerful tool we have for navigating this complex world we've created, understanding it is critical. "But Dad," she once said, "I know money is important. I just don't want to spend my life thinking about it." This was eye-opening. I love this stuff. But most people have better things to do with their precious time. Bridges to build, diseases to cure, treaties to negotiate, mountains to climb, technologies to create, children to teach, businesses to run. Unfortunately, benign neglect of things financial leaves you open to the charlatans of the financial world. The people who make investing endlessly complex, because if it can be made complex it becomes more profitable for them, more expensive for us, and we are forced into their waiting arms. Here's an important truth: Complex investments exist only to profit those who create and sell them. Not only are they more costly to the investor, they are less effective. The simple approach I created for her and present now to you, is not only easy to understand and implement, it is more powerful than any other. Together we'll explore: Debt: Why you must avoid it and what to do if you have it. The importance of having F-you Money. How to think about money, and the unique way understanding this is key to building your wealth. Where traditional investing advice goes wrong and what actually works. What the stock market really is and how it really works. Why the stock market always goes up and why most people still lose money investing in it. How to invest in a raging bull, or bear, market. Specific investments to implement these strategies. The Wealth Building and Wealth Preservation phases of your investing life and why they are not always tied to your age. How your asset allocation is tied to those phases and how to choose it. How to simplify the sometimes confusing world of 401(k), 403(b), TSP, IRA and Roth accounts. TRFs (Target Retirement Funds), HSAs (Health Savings Accounts) and RMDs (Required Minimum Distributions). What investment firm to use and why the one I recommend is so far superior to the competition. Why you should be very cautious when engaging an investment advisor and whether you need to at all. Why and how you can be conned, and how to avoid becoming prey. Why I don't recommend dollar cost averaging. What financial independence looks like and how to have your money support you. What the 4% rule is and how to use it to safely spend your wealth. The truth behind Social Security. A Case Study on how this all can be implemented in real life. Enjoy the read, and the journey!
Download our mobile app to enjoy your favorite books on the go. Get access to exclusive features, offline listening, and personalized recommendations.
