Futures-market

This book is intended (more or less) for a person beginning in options. Its no "walk in the woods" but considering the abstruseness of both the subject and the other books on the topic I have scanned, it's near the top of the class. I think, it may also be somewhat more understandable than the Option Industry Council's - Option's Toolbox CD. This whole area has been poorly explained to the beginner for the most part, which is why options are not much more widely used despite their potential for leverage and risk reduction.

A concise, useful, and comprehensive overview of futures trading. It was quite appropriate for a beginner.

Of the ten + options books that I have read, this was my first, and it is the best. I still refer to it often. Most of the other books are either too technical or too simplistic. This engages the reader with practical examples and descriptions of the types of trades that the novice to intermediate investor will use most. I heartily recommend it.

Every once in comes a book packed with ideas, and this is definitely one of them. Although many of the authors/thinkers interviewed kept referring back to their previous works -- which had made them famous in the first place - this collection of interviews and essays is definitely worth reading.

To get a big group of business hall-of-famers together in one work is an achievement in itself. Kudos to Rowan Gibson for making this happen.

Rethinking the Future is a collection of interviews with experts who examine issues related to organizational change for the twenty-first century. The book contains a framework for creating the future in business, economics, and society in an environment of rapid change. The book has six sections with contributions from various writers as follows:

Rethinking Principles - Charles Handy, Stephen Covey Rethinking Competition - Michael Porter, CK Prahalad, Gary Hamel Rethinking Control & Complexity - Michael Hammer, Eli Goldblatt, Peter Senge Rethinking Leadership - Warren Bennis, John Kotter Rethinking Markets - Al Ries & Jack Trout, Philip Kotler Rethinking the World - John Naisbitt, Lester Thurow, Kevin Kelly

These thinkers present diverse views about key issues within their fields at the dawn of the 21st century. There are some common themes. Technology is viewed by all as the catalyst for the rapid rate of change. The widespread availability of technology has led to the democratization of information throughout the workplace. The world's leading nations in the east and the west are experiencing a shift to a knowledge-based economy requiring knowledge workers. These knowledge workers must be highly educated and possess technology skills. Another theme with strong consensus is the notion that the path to the future won't be found by implementing models and strategies that have been successful in the past.

Technology has facilitated the globalization of the world economy. This trend has forced business to rethink itself in terms of competition, markets, and trade. Convergence within and between industries will continue. This is evidenced by project or product based alliances. The goal of business is the satisfaction of customer needs. The informed customer is demanding a higher level of products, services, and satisfaction.

The 21st century leader has a responsibility to generate intellectual capital within the organization. The leader focuses the company on its purpose and principles. The leader's key obligation is to articulate vision and lead by example.

This selection is engaging reading. Gibson provides us with a wide lens to view many pictures of the future. He showcases a group of specialists from different fields. Rethinking the Future dispels the myth that the future can be easily predicted.

Melanie Tucker Pepperdine University Doctoral Student Educational Technology

Este debe ser uno de los libros más interesantes que he leido. Lo recomiendo tanto para alumnos de econonomía como para ejecutivos de areas similares. Concentra a grandes autores del area producción y economía, de los cuales destaco Goldratt. Realmente es excelente el libro.

You used to be able to pick up any Doctor Who novel and start right in; at worst, you'd need to adjust to the new companions and that'd be it. Near the end of the New Adventures series, that changed -- the series became almost completely divorced from the original Who, and the books referred more to each other than to the television series. That didn't change when the license went back to the BBC and they started making the Eighth Doctor books -- if anything, it got worse.

"Trading Futures" is a welcome respite from that. It's a fun, fast-moving action adventure, something like the Third Doctor might have gotten up to. It's not so much a spy adventure as it is a Tom Clancy book played for laughs.

More than that, though, it's new Who that *isn't depressing* and *doesn't require you have read the previous eight books in the series to understand it*. For me, that's enough!

If "Trading Futures" is supposed to be James Bond done "Doctor Who" style, it's obviously a Roger Moore film.

Most of the advance word I heard about "Futures" led me to believe I was going to read a vastly serious book, with straightforward action and a whole smattering of "Doctor Who"'s own brand of left-wing realpolitik. What I got, however, was a knee-slapper, an out-and-out comedy, by my estimation the third one of these the EDAs have put out in the last 12 months or so (along with "Earthworld" and "Mad Dogs and Englishmen", and that's not even counting "The Slow Empire").

The basic plot appears to tie in with the recent Sabbath arc. A mysterious time-traveler comes to the 2130s to auction his machine to the highest bidder, in exchange for the defense secrets that might well spark off war between the United States and the European Union. But the bidders include an ancient Scottish secret agent (and his sidekick "Penny Lik"), a couple of undercover agents from the future, and... time-traveling rhinoceroses, looking to inherit the secrets of Gallifrey, and wearing those silly Time Lord hat-and-collar sets from the 1970s.

The villain here, Baskerville (there are no mention of his hounds) is a charming, over the top gangster reminiscent of Gert Frobe or Robert Davi. His rantings on politics are so surreal that one almost suspects Parkin believes them. There's an awful lot of second-unit photography -- locales include Athens, Toronto, Los Angeles, and Ibiza. The paragraph on page 8 describing the retro-1990s cafe is probably the funniest paragraph ever to appear in "Doctor Who", but I can't reprint it here.

Bottom line, "Trading Futures" is a fast, funny book, with small flashes of sincerity and an awful lot of irony. Three different characters die seconds after proclaiming that bullets can't harm them. If you were expecting a hard espionage thriller right out of Robert Ludlum... be thankful you were wrong.

Lance Parkin, in the case of this dashing, ultra-satisfying novel, has created a near-perfect Dr Who adventure.

The great things about it would take too long to list, but perhaps I can name a few. Just assume that what I have forgotten is in this book, and even more impressive than what I have mentioned.

The plot is a rip-roaring success. It's the Doctor versus Baskerville, some guy who wants to sell time-travel to the highest bidder, on early 21st Century Earth. It's a nifty variation on the overused plotline of having everyone after the Doctor's time-vessel. He's got to deal with spies, robots, exotic women, unreal entities, lurking overlords, foreign governments, and rhinoceros-headed aliens getting ahold of someone else's time-machine.

The Doctor's Companions--Fitz and Anji--play vital roles in the novel. While mainly separated from the Doctor, they perform exceptionally, and their bits are definitely not filler. I don't think I have ever been more dazzled by what has been going on with the Companions--no need to get right back to the Doctor's scenes.

Then again, the Doctor hits an all-time high. He does stunts we've never seen before. Lance Parkin really knows how to generate witty dialogue, spread liberally around, with the very best lines saved (of course) for the Doctor.

The plot, by its very nature, has some sly comments to make on war and capitalism, as well as the innate potential for all intelligent beings to be just a bit too pompous for their own good.

The action never ceases. Characters are bang-on, without shortshrift, but this one puts the "story" in storybook.

Finally, a Who newcomer could probably pick this novel up and find his or herself hooked within twenty pages.

Not for the speculative trader. Baird explains neutrality and hedging scenarios in great detail. Explains some esoteric concepts rarely discussed, such as time spread risk and delta drift. Very succinct explanation on arb spreads and combos, and the tendency to trade to the pin at expiration. Highly recommended.

I highly recommend this book for a basic, clean, non-pretentious presentation of option trading from a market maker's point of view. Baird can also write English: very clear, linear, simple prose. The man has no axes to grind or ego trips to take, and he knows what he's talking about, and gives very practical advice.

Although this book is not for beginners, it doesn't contain any formulas. Instead it focuses on all the complex aspects of making a market for options. I've read this book over and over again on a regular interval to remind me on the way market makers do their practice, and how to avoid the pitfalls in trading against specialists.

This book is one more in the long line of books that takes an author's training in a field of science or engineering and then tries to export it wholesale into understanding the markets. I've seen it done with engineers using the principles of signal processing and torque, physicists using -- believe it or not -- general relativity, so I guess I should not be surprised someone would pull out the really big guns of modern physics. It may be fun for the author's fellow physicists, but speaking as a finance professional with a Ph.D. and nearly twenty years on Wall Street, there are a lot of other places I would be going to understand and implement contingent claim theory before I would invest the time or money in this book.

Although I am not specialized in the field of financial analysis, I believe that it is important and useful to quantitatively describe financial phenomena. Therefore, this new theory and new method will certainly contribute to the establishment of a standard model of financial analysis. I hope the publication of this book will help people to understand, improve and apply the theory, introduced from modern theoretical physics by the author, for practical application in financial analysis.

The recognition of patterns in natural systems is the most significant step towards the full understanding of the dynamics of such systems. In the context of financial markets, the degree to which one appreciates these dynamics is the degree to which one is profitable. Beliefs-Preferences Gauge Symmetry Group and Replication of Contingent Claims in a General Market Environment not only identifies the key concepts in the understanding of the financial markets, but also lays out a rich display of tools and applications with which to analyze financial phenomena.

From the book's outset, the emphasis is on the role and formulation of mathematical symmetries, which govern the evolution of quantities such as derivative payoffs or prices in the marketplace. The key concept is summarized in the words of the author when he conjectures that, "the absence of some type of arbitrage opportunity in the marketplace indicates the presence of a certain inherent symmetry." From this powerful observation, he proceeds to formulate the active degrees of freedom in the market (i.e. the market participants) and the symmetric implications of this statement. The identification of arbitrage opportunities, that is, the practical application of this observation, comes straight from basing oneself in this non-varying quality of the market and seeing where deviations exist. As such, Dr. Kholodnyi's book is a gift to financial practitioners. Only when one knows what the market should be doing can one appreciate the instances when the market is behaving in an unusual fashion.

Considered in a wider sense, the tools laid out in this text demonstrate the power of the symmetry principle. Physicists have long been accustomed to using gauged symmetries in the analysis of high-energy phenomena. By using the same techniques to understand an area as applied as the financial markets, Beliefs-Preferences Gauge Symmetry Group and Replication of Contingent Claims in a General Market Environment heralds the dawn of potential new technologies for such disparate areas of science as quantum mechanics and biological systems.

As these techniques mature in the sense of becoming widely available financial tools, Dr. Kholodnyi's book will become the standard text for a rigorous analysis of financial phenomena. The text requires a strong mathematical background and some familiarity with mathematical rigor. However, since rigor leads to reliability, the viability of any financial strategies will ultimately depend on the understanding of the tools laid out so cleanly in this text.

This book covers so much in the derivatives marketplace. After being involved in the business for 12 years and writing three books on futures and commodity derivatives I was definitely refreshed and enlightened by Mr.DeRosa's book.

DeRosa has picked excellent papers. If one reads the papers in detail, the currency derivatives literature, as well as related derivatives literature, becomes very easy to understand.

This book presents highly technical papers on diverse topics from variuous academics. It would be very helpful to anyone looking to understand theoretical aspects of FX derivatives. Since most papers are written by different authors, notation is not consistent. In addition, academics do not always write like Hemingway. Nevertheless, the book covers everyhting from vanillas to exotics very well.

The book is a good book IF you know your math. It has been a while since I have done calculus and finance classes and needed to review other books in order to understand all the math. I laughed at the introduction when the author stated math is not needed. While this is partially true, it is because the author expects the reader to memorize his formulas and so omitts some of the steps of how the formulas come about. Do not try to do this book without help or even better yet, without the solution manual. It was a grueling class with more than 1/2 the class dropping it because the book was so hard to understand.

This book is a great introduction to options and futures, I do not have any university experience in mathematics and was able to follow nearly all that I have read so far. However, if you are not comfortable with substituting into equations and following equation derivations, maybe option/futures trading is not for you.

I needed to understand everything I could about Futures and Options in a short time and this book was perfect for that purpose. The introduction about futures and options is great and the content in general is very easy to understand and follow. I really liked the examples and the way the author explained each topic. However, I have to confess that maybe my engineering background helped me to understand the math behind, but I believe that even if you don't have much mathematical knowledge you can follow the book.

A big plus of this book is that it contains a chapter about Value at Risk and one focused more on more recent types of derivatives contracts (e.g., energy, weather, etc.).

In general, I think that with this book you could cover more ground more quickly than with other books.

While I have been following the growth of ETFs for a some time in the financial media, I've been confused about how to select them and why they're sound investment alternatives. This book provided sound discussions about the various funds and why this is a good investment strategy. The charts were helpful and overall this is a very well written investment book

I did, and I found that this book gave me a clear and comprehensive knowledge base for this new (at least new to me) investment vehicle.

This book covers the topic very well. It is clear and concise. Useful for anyone who wants an overview of risk management concepts. But if you are like me who understands better with lots of numbers and examples, this is not it.

A good book to tell you methodical risk analysis in the area of fincance and marketing. If more interpretaions of analysis results written there, I would have rated it as "5" stars.

Great book for the serious investor. set ups are pretty consistant. Great tech.book

If your looking for a great technical book that shows you consistent set ups, this is the one for you. This book is way under rated.