<t>I think when Taleb says that he is right he is referring not only to the fact that rare events take place, but particularly to the recurrence of the typical "surprised" reaction by those having been affected by the events. I mean, you can´t deny that it´s always the same line about the standard d...

<t>QuoteOriginally posted by: PinballWizardA plea to all authors: please, please be original!!There are far too many derivative books out-there that just regurgitate what's already available in many other books. I just don't get it.Secondly, please think of the practitioner reading your book - who n...

<t>A while ago I participated in a thread on whether one could make decent money writing derivatives books and whether it was worth it. Clearly, one should not expect to become rich from such efforts. Yes, to us derivatives are very important, but really how many readers there are out there even for...

<t>No other issue is currently more relevant in the REAL WORLD of derivatives than FAS133-IAS39. Nothing else matters most to players, in particular those from the corporate side of the business. The argument could be made rationally that the new rules have the potential of severely wrecking the ind...

"Corporate Derivatives" by Risk Books (2006) has a whole chapter on the practical applications of quantos and how they have historically behaved and under which market conditions they are feasible. Lots of real-life examples. No math or modelling stuff.

<t>Does anyone know for sure what the sales ranks on Amazon truly mean? It can´t be lifelong or even annual sales, as for instance the Da Vinci Code is around number 100. I am guessing it must be sales numbers for the previous 24 hours, updated hourly. What is truly amazing is how certain books can ...

<t>QuoteOriginally posted by: ScottyHave you guys...ummmm...read the book - or isn't that necessary?I've read the first hundred odd pages and so far it's OK. I mean, in structured products there is certainly a non-zero amount of clients lying to themselves, sales people lying to clients, traders lyi...

<t>QuoteOriginally posted by: johnself11oakgrove i'm with you man....i was in the interest rate dervs biz for 12y and it was so good to me.... the dude was apparently in the market for 25 years.... now i'm gonna go out on a limb and suggest that he was one of those hangers-on who wasnt very succesfu...

<t>QuoteOriginally posted by: TraderJoeWith or without an MBA, no bank's going to hire you other than as an intern or as a graduate without experience. With corresponding remuneration. Not an option for this grad I'm afraid. Who wants to take a salary cut of 1/3??Excuse my intromission, but you don´...

<t>Two very famous cases:- Natwest Markets: did not account for vol smile when pricing caps - firm disappeared shortly afterwards- UBS: Ramy Goldstein´s Equity Derivatives division did not hedge vega risk - he got fired, UBS got taken over by SBCLTCM´s case is partly related to Goldstein´s. LTCM nak...

<t>It seems that "Heard on the Street" by Falcon Crack (now at Otago) has sold some 10000 units worldwide.I think what's interesting here is that he seems to self-publish.Going back to my old question regarding whether an author could make decent money out of writing derivatives books, perhaps Crack...

<t>QuoteOriginally posted by: gardener3I have it and read parts of it. Some of it is interesting, but I doubt any of it is of practical valueIt feels extremely theoretical.This is the kind of book that makes you wonder if certain finance academics got into this field as an excuse to do math.Fisher B...

<t>QuoteOriginally posted by: oakgroveQuoteOriginally posted by: playerAnyone read it???by das and theres a review of it in todays FTFor what I have seen, it looks line yet another derivatives-bashing effort by someone trying to make a quick buck by dragging the D word (and professionals) through th...

<t>QuoteOriginally posted by: playerAnyone read it???by das and theres a review of it in todays FTFor what I have seen, it looks line yet another derivatives-bashing effort by someone trying to make a quick buck by dragging the D word (and professionals) through the mud.Funnily enough, this comes fr...

<t>QuoteOriginally posted by: AaronQuoteOriginally posted by: DCFCTJ's analysis is reasonable, but sadly he has rather high standards.First, let me say that I'm very happy with how Wiley has treated me. But there are some disconnects that support DCFC's point. I got a call a few weeks ago that the M...