Average customer rating:
- Good introduction to VaR
- Best intro to VAR
- A Great Introduction to VaR
- An excellent introduction to VaR
- Outstanding and practical
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Value At Risk: The New Benchmark for Controlling Derivative Risk
Philippe Jorion
Manufacturer: Irwin Professional Pub
ProductGroup: Book
Binding: Hardcover
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ASIN: 0786308486 |
Book Description
Do you take the chance of creating and amplifying risk when you are simply attempting to understand and control risk? In Phillippe Jorion's Value at Risk, learn the specifics of the value-at-risk system, the risk management program that today's leading banks and financial firms use to calculate and track financial risk. Value at Risk is the first book to thoroughly explain this increasingly influential system, which allows you to gauge financial risks and take proactive steps to control those risks.
Customer Reviews:
Good introduction to VaR.......2007-09-18
This is one of the first books about VaR and so became widely used and read by everyone interested in market risk management. Good as an introduction and to have a good overview of VaR but if you need more detailed information this book will not give you the answers.
Best intro to VAR.......2000-09-02
Cannot think of any other book that gives you the basics and beyond of VAR. As an MBA student I liked most the practical examples. Mathematical stuff is kept to a minimum, even though it can be sometimes quite demanding. Jorion is one of the laeding academics on VAR. He "defends" the properties of VAR very well after some criticism on VAR (see Nassim Taleb's web page).
A Great Introduction to VaR.......2000-07-20
Dr. Jorion's book formally introduced the concept of VaR to me several years ago. It's written so that a novice in risk management can understand the concepts with ease.
A great book.
An excellent introduction to VaR.......1999-07-01
This provides an excellent overview and introduction to VaR and issues surrounding it. A must read for any body involved with financial risk management.
Outstanding and practical.......1999-03-30
Jorian clearly has practiced before he began to preach. I found his work to be essential in designing and implementing a var methodology for the electricity forward market. The examples he gives of the failures to measure and control risk are illuminating and entertaining. I have recommended the book to others and they have agreed that the book is excellent.
Book Description
Increased marketplace volatility and the expanding size of capital markets have led to an explosion of interest in options on futures. What makes these instruments so attractive is that they allow traders to profit from movements in the markets using little up-front capital and plenty of leverage. At the same time, they provide an excellent hedge against the risks associated with capital market investments. This book demystifies these notoriously difficult-to-understand instruments and provides state-of-the-art strategies and tools for making the most of options on futures.
John F. Summa (New Haven, CT) is a CTA and cofounder of OptionsNerd.com, an online service providing market commentary, trading advisories, and assistance with trading system development. Jonathan Lubow (Randolph, NJ) is cofounder and Vice President of Trader's Edge, a futures and options brokerage.
Customer Reviews:
Disappointing for the price.......2006-06-04
Why do hardback books cost so much? And what makes this one sell for $65 and others that are better sell for $35? Who comes up with the pricing on these things?
John Summa makes a strong case for selling credit spreads in the futures market in this volume. It is a good read for beginners, but really you can find the same material on the internet for free just by doing a few key word searches. The way he presents the material is authoritative and would have one believing that his conclusions are gospel.
In reality nothing could be further from the truth. You can lose money doing credit spreads, and yes, have bad streaks where 4 or 5 in a row go against you. I know because I am a fan of credit spreads and do them in the stock market quite a bit. Typically you are risking more than 2-1, that is, risking more than twice as much as you can make so when you hit a bad streak it can set you way back. Credit spreads are just another tool; you still need to be decent at choosing your positions.
I belong to Summa's mailing list as well. His mantra is selling options, selling options, selling options. A quote from one of his newsletters: "The amount of wealth being transferred to option sellers from option buyers is staggering." It's irresponsible statements like that which keep me out of his fan club. Ask Nicolas Talib ("Fooled by Randomness") what HE thinks of selling premium as a core strategy.
Selling option premium is one of those strategies that makes a little money most of the time and then one day a catastrophy hits and ruins you.
I have two major issues with the book, which I concede is a well-written work that I did enjoy reading. The first is that the examples given are unrealistic. The premiums collected on the SPX credit spread examples in the first half of the book that are way out of the money like that just don't exist.
The second is the risk-management suggestions on some of the scenarios. In particular, a ratio spread (a complicated spread to begin with) using a futures contract as a hedge that goes against us - we manage this risk by continuing to add legs to this position until what we have left is a mess of spaghetti costing maximum commissions where the same risk/reward ratio in the end could have been attained by simply buying an option.
I still recommend reading it to those learning about option spread strategies who like to learn by having a book on their nightstand. But buy it used. Hey, how about my copy?
For me, books are either a 1 star, 3 star, or 5 star. The 5-stars are the classics that are too good to ever remove from your bookshelf, like many of the books I recommend at winningfinancialstrategies.com. The 3-stars get sold on ebay when the bookshelf overflows. The 1-stars go to Salvation Army.
Bravo.......2003-08-19
I recently carefully studied your book entitled "Options on
Futures" and found it just fascinating. Of course, I have long been a
seller of SPX cash market options and your book broadened my understanding
of what can be done in the futures and options on futures markets. Your book
and workbook are very clear, understandable, and applicable.
Another book about selling options..........2003-04-26
This book is really no different from the many other books about options and why it is better to be a seller of option premium rather than a buyer. ... The only real difference from most other options books is that this book focuses on futures options instead of stock and index options. The only chapter that addresses any slightly new material is the chapter about the margin requirements of trading futures options. And even that chapter is lacking. In order to fully be able to employ the material abouts margins, you have to buy a ...computer program. I can't really recommend this book to anyone with even slight experience trading options. For beginners only!
Options on Futures.......2003-04-16
This is a very simple, canned presentation. The book is primarily boilerplate that may be read free on any exchange website. There may be value for the novice here, but anyone with experience will put the book down 15 minutes after picking it up.
One of the best Options books out there...........2003-02-07
Very good treaty on trading options as a net seller, sellers being the options traders in the market who make the real money. Well written, clear examples, margin reqs covered thoroughly...
Average customer rating:
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Advanced Strategies in Financial Risk Management (New York Institute of Finance)
Robert J. Schwartz
Manufacturer: New York Institute of Finance
ProductGroup: Book
Binding: Textbook Binding
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ASIN: 0130688835 |
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50 Activities for Team Building, Vol. 2
Glenn Parker , and
Richard P. Kropp
Manufacturer: HRD Press
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Binding: Ring-bound
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ASIN: 0874251923 |
Book Description
Create high performance teams with these collections of fully reproducible activities. All the activities employ the principle of "learning by doing" to ensure that the skills the participants learn can be applied to real work situations.
Volume 2 offers 50 additional activities for team development and provides practice on cooperation, balancing roles, and defining team objectives and goals.
These activities are ideal for team leaders who are looking for creative activities to energize their teams but do not have the time to develop them. All of the activities are ready-to-use and are fully reproducible; with little effort you can implement them into an existing training program. Each volume comes with detailed trainer's notes, clearly stated objectives, and a quick reference index to the activities.
Training Objectives, Volume 2
Encourage continuous team improvement
Develop a mutual support network
Create balanced team roles
Average customer rating:
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Woody Plants and Woody Plant Management: Ecology: Safety, and Environmental ImPatt (Books in Soils, Plants, and the Environment)
Bovey
Manufacturer: CRC
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Binding: Hardcover
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ASIN: 082470438X |
Book Description
A presentation of strategies for managing woody plants and using research data to select the most appropriate control methods. It analyzes the responses of over 370 North American woody plants to commercially available herbicides. The authors provide methods to manage woody plants that interfere with recreation, watershed yield, animal and plant diversity, resource conservation, wildlife and livestock needs, and wood production on grazing, forest, and related land.
Book Description
BEHAVIOR MODIFICATION: PRINCIPLES AND PROCEDURES, THIRD EDITION helps students master the principles and concepts of behavior modification before they move on to the procedures. The author uses a precise, step-by-step scientific approach to explain human behavior, using numerous case studies and interesting examples to help illustrate the key principles. Each concept is presented, explained, and clarified by discussing pertinent research, and is then brought into focus with examples showing how each behavioral principle can be applied to everyday life. This approach gives students a chance to understand WHY they might use a particular procedure before they actually use it. Current scholarship, engaging authorship, ample graphs and illustrations, and a clear organization make Miltenberger's text very accessible?even for students with no background in psychology. Professors and students find the "Applications and Misapplications of Behavioral Principles" especially helpful, as these end-of-chapter features give readers a feel for the concepts they've just explored.
Customer Reviews:
not student friendly.......2007-09-26
My professor unfortunately had to choose this book for class, which I dreadfully abhor and never want to open/read it again. I find it unclear and not very much helpful in presenting the principles of behaviorism. The tear out quizzes are somewhat pointless and repetitive (3 for each chapter). The chapter summaries are poor and everything, including the text layout and color is extremely plain and again, poorly done. What I disliked most about this book is that the definitions are extremely WORDY and confusing!!! For example, in defining Positive & Negative reinforcers, they had to break it down into a THREE PART definition???
1. The occurence of a behavior
2. is blah blah
3. results in the strengthening of that behavior blah blah blah...
I find it pointless and hard to follow. Not very concise at all. :[
QUITE BASIC CONTENT but GOOD, however ... .......2005-08-19
I was personally disappointed when receiving the book. Particulary disappointed : In matter of content, which is clearly not bad, it is easy to find superior introductory manuals in the field. Certainly not a major book nor a classic as suggested in the presentation.
However, if you are attracted by strange phenomenas in the edition sector, you'll not miss this unique opportunity to acquire for a high price, one of the most fragile, cheep and poorly manufactured book I ever see. A unique book that destroy itself when you turn the pages or touch the "soft" ( very, very soft ) cover.
Such content deserve better ...
Excellent book discussing real psychology.......2005-07-13
This book has increased my understanding of human behavior greatly.
The method of behavior modification proposed here does not make assumptions about inner mental states, but it discusses what we are able to measure directly.
The book contains tons of examples, not only technical definitions. The chapters are easy and fun to read
Teacher/student friendly .......2005-01-31
Easy reading. Lots of REAL-LIFE examples to demonstrate the principles and procedures. This is my FAVORITE behavior book, I refer to it all of the time!!!
Shoddy quality.......2004-09-26
Although the material is detailed, if simplistic, my complaint is with the quality of construction. The cover contains the statement "Includes Tear-Out Quizzes." In actuality, every page is perforated, so you need to be careful when turning the pages to prevent ripping them out. The binding is extremely low quality - after opening the book once, several pages came loose from the spine and fell out. The pages themselves are extremely thin and wouldn't bear highlighting well - in fact, any sort of fluid ink from a pen or highlighter would bleed completely through onto the next page. If only a book with such recommended content had quality of construction as well.
Average customer rating:
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Applied Behavior Analysis and School Psychology: A Research Guide to Principles and Procedures
H.A. Chris Ninness , and
Sigrid S. Glenn
Manufacturer: Greenwood Press
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Binding: Hardcover
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ASIN: 0313242674 |
Book Description
Written for educators and school psychologists who regularly deal with children, this book provides detailed information about the procedures teachers have successfully used to obtain positive outcomes in their classrooms. The authors base their discussion on the growing body of experimental research conducted in the classroom designed to identify techniques that encourage productive, happy, caring, healthful, and skillful behavior from students. The procedures they represent are backed by solid scientific data and have achieved proven results in real world settings. The authors also provide a thorough grounding in the behavioral principles that underlie the procedures. They demonstrate the ways in which these principles, which have been formulated as a result of basic laboratory research, can be effectively applied to behavioral techniques in the classroom to better the lives of both students and teachers.
Book Description
Here is a sound, empirically-based introduction to the principles and procedures of behavior modification and the practical, specific information needed to successfully apply these principles in a school environment. In a concrete, step-by-step manner, the authors guide the reader through the process of developing, modifying, and fading out behavior management programs. In part one, the general principles that underlie behavior management procedures are explained. Part two details their application in schools. School and Child Psychologists. A Longwood Professional Book Also available in casebound: ISBN: 0-205-16458-7 Title Code: H64587.
Customer Reviews:
Classroom Discipline For The Teacher At Their Wits End.......2000-05-06
If you've tried everything you can think of and your biggest behavior problems are still draining your energy(I know, I'm in the same boat, too!) then this book will save your sanity. This book is the first book on behavior management that provides you with real tools to deal with student, the parents and the district staff. Regain your professional control of events. This book explains how teachers can build a behavior plan supported by solid psychological, sociological and educational theories. This book will do more for you than any professional development workshop. Read it. Let it sink in. Then the next time your sitting at that table in the office, impress the heck out of the principal, the counselor, the behavior specialist and the parents. This book can help you do that. Great summer reading so you'll be ready when school starts this fall.
Books:
- Violent Environments
- Whoever Makes the Most Mistakes Wins
- Why Smart People Make Big Money Mistakes And How To Correct Them: Lessons From The New Science Of Behavioral Economics
- Wide-Angle Vision: Beat Your Competition by Focusing on Fringe Competitors, Lost Customers, and Rogue Employees
- Women's Activism and Globalization: Linking Local Struggles and Transnational Politics
- A Course in Financial Calculus
- A History of the Federal Reserve, Volume 1: 1913-1951
- America's Corner Store: Walgreen's Prescription for Success
- An Annotated Timeline of Operations Research: An Informal History (International Series in Operations Research and Management Science)
- Annual Editions: Macroeconomics 05/06 (Macroeconomics)
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