The book contains over 130 quantitative questions collected from actual investment banking, investment management, and options trading job interviews. The interviewers use the same questions year after year and here they are! These questions come from all types of interviews (corporate finance, sales and trading, quantitative research, etc), but they are especially likely in quantitative capital markets job interviews. The questions come from all levels of interviews (undergraduate, MBA, PhD), but they are especially likely if you have, or almost have, an MBA. The questions cover pure quantitative/logic, financial economics, derivatives, and statistics. Each quantitative question in the book is accompanied by a very detailed solution and by helpful advice. The latest edition also includes about 100 non-quantitative actual interview questions. Timothy Crack has a PhD from MIT. He has won many teaching awards and has publications in the top academic, practitioner, and teaching journals in finance. He has degrees in Mathematics/Statistics, Finance, and Financial Economics and a diploma in Accounting/Finance. Dr. Crack taught at the university level for 17 years including four years as a front line teaching assistant for MBA students at MIT. He now heads a quantitative active equity research team at the world's largest institutional money manager.

《投资学》是由三名美国知名学府的著名金融学教授撰写的优秀著作，是美国最好的商学院和管理学院的首选教材，在世界各国都有很大的影响，被广泛使用。自1999年《投资学》第4版以及2002年的第5版翻译介绍进中国以后，在国内的大学里，本书同样得到广泛运用和热烈反响。此为本书的第6版，作者在前5版的基础上根据近年来金融市场、投资环境的变化和投资理论的最新进展做了大幅度的内容更新和补充，还充分利用了网络资源为使用者提供了大量网上资料。全书共分7大部分，27章。详细讲解了投资领域中的风险组合理论、资本资产定价模型、套利定价理论、市场有效性、证券评估、衍生证券、资产组合管理等重要内容。该书观点权威，阐述详尽，结构清楚，设计独特，语言生动活泼，学生易于理解，内容上注重理论与实践的结合。

《金融市场与金融机构(第3版)》的作者F.S.米什金教授是为我国读者所熟知的金融学术专家，曾任教于芝加哥大学、西北大学和普林斯顿大学等多所美国著名高等学府，并曾担任纽约联储银行的执行副总裁、联邦公开市场委员会经济学家等要职。现为哥伦比亚大学商学院呵尔弗雷德·勒纳银行与金融机构教授，是金融学界公认的国际权威。 《金融市场与金融机构(第3版)》是有关金融市场理论与实践的力作，是多所美国著名大学商学院与经济学系的首选教材。《金融市场与金融机构(第3版)》先从金融市场的原理人手，深入浅出地阐释了利率理论与有效市场理论，然后分层次介绍了货币市场、资本市场、外汇市场等金融市场组成，之后又沿着金融机构分类与管理原则的思路探讨了商业银行、保险公司、证券公司等诸多金融实践单位。由于作者具有丰富的政府对金融机构的监管经验，《金融市场与金融机构(第3版)》的独特之处就体现在对于金融市场的全局性把握。其中货币政策在金融市场中的运用与体现足《金融市场与金融机构(第3版)》的特色章节。 《金融市场与金融机构(第3版)》既有深刻的理论阐释，又有详实的实践记录。既可以成为研究者的辅助工具书，又可以作为实践者的案头指南。是一本不可多得的金融学教学与实践用书。

Bodie, Kane, and Marcus' "Investments" sets the standard for graduate/MBA investments textbooks. It blends practical and theoretical coverage, while maintaining an appropriate rigor and a clear writing style. Its unifying theme is that security markets are nearly efficient, meaning that most securities are priced appropriately given their risk and return attributes. The text places greater emphasis on asset allocation and offers a much broader and deeper treatment of futures, options, and other derivative security markets than most investment texts. It is also the only graduate "Investments" text to offer an online homework management system, 'McGraw-Hill's Connect Finance'.

点击链接进入中文版： 漫步华尔街(原书第9版)

This new and unique book demonstrates that Excel and VBA can play an important role in the explanation and implementation of numerical methods across finance. Advanced Modelling in Finance provides a comprehensive look at equities, options on equities and options on bonds from the early 1950s to the late 1990s. The book adopts a step-by-step approach to understanding the more sophisticated aspects of Excel macros and VBA programming, showing how these programming techniques can be used to model and manipulate financial data, as applied to equities, bonds and options. The book is essential for financial practitioners who need to develop their financial modelling skill sets as there is an increase in the need to analyse and develop ever more complex 'what if' scenarios. Specifically applies Excel and VBA to the financial markets Packaged with a CD containing the software from the examples throughout the book Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.

This unique book on the basics of option pricing is mathematically accurate and yet accessible to readers with limited mathematical training. It will appeal to professional traders as well as undergraduates studying the basics of finance. The author assumes no prior knowledge of probability, and offers clear, simple explanations of arbitrage, the Black-Scholes option pricing formula, and other topics such as utility functions, optimal portfolio selections, and the capital assets pricing model. Among the many new features of this second edition are: a new chapter on optimization methods in finance; a new section on Value at Risk and Conditional Value at Risk; a new and simplified derivation of the Black-Scholes equation, together with derivations of the partial derivatives of the Black-Scholes option cost function and of the computational Black-Scholes formula; three different models of European call options with dividends; a new, easily implemented method for estimating the volatility parameter.

Finance is one of the fastest growing areas in the modern banking and corporate world. This, together with the sophistication of modern financial products, provides a rapidly growing impetus for new mathematical models and modern mathematical methods; the area is an expanding source for novel and relevant 'real-world' mathematics. In this book the authors describe the modelling of financial derivative products from an applied mathematician's viewpoint, from modelling through analysis to elementary computation. A unified approach to modelling derivative products as partial differential equations is presented, using numerical solutions where appropriate. Some mathematics is assumed, but clear explanations are provided for material beyond elementary calculus, probability, and algebra. Over 140 exercises are included. This volume will become the standard introduction to this exciting new field for advanced undergraduate students.

内容简介 金融工程是现代金融学的最新发展，标志着金融科学走向产品化和工程化。本书正是一部系统、全 面介绍这一新兴学科的名著。作者约翰・马歇尔（JohnF.Marshall）是国际金融工程师协会执行主席，金 融工程学科的创始人之一。 全书共分五篇二十七章，分别讲述了金融工程发展的基本概况、金融工程师所必备的概念性工具和 实体性工具、金融工程的手段和策略以及金融工程的未来发展前景。 该书适合高等院校金融专业及相关专业师生、金融理论研究者或爱好者、金融领域工作者阅读。

This book serves as the standard reference for fixed income portfolio managers. Despite their conservative nature, fixed income instruments are among the investment industry's most complex and potentially risky investments. "Fixed Income Mathematics" is recognized worldwide as the essential professional reference for understanding the concepts and evaluative methodologies for bonds, mortgage-backed securities, asset-backed securities, and other fixed income instruments. This fully revised and updated fourth edition features all-new illustrations of the future and present value of money, with appendices on continuous compounding and new sections and chapters addressing risk measures, cash flow characteristics of credit-sensitive mortgage-backed and asset-backed securities, and more.

The scientific study of complex systems has transformed a wide range of disciplines in recent years, enabling researchers in both the natural and social sciences to model and predict phenomena as diverse as earthquakes, global warming, demographic patterns, financial crises, and the failure of materials.In this book, Didier Sornette boldly applies his varied experience in these areas to propose a simple, powerful, and general theory of how, why, and when stock markets crash. Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. Sornette proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, which often translates into an accelerating rise of the market price, otherwise known as a "bubble." Anchoring his sophisticated, step-by-step analysis in leading-edge physical and statistical modeling techniques, he unearths remarkable insights and some predictions - among them, that the "end of the growth era" will occur around 2050.Sornette probes major historical precedents, from the decades-long "tulip mania" in the Netherlands that wilted suddenly in 1637 to the South Sea Bubble that ended with the first huge market crash in England in 1720, to the Great Crash of October 1929 and Black Monday in 1987, to cite just a few. He concludes that most explanations other than cooperative self-organization fail to account for the subtle bubbles by which the markets lay the groundwork for catastrophe. Any investor or investment professional who seeks a genuine understanding of looming financial disasters should read this book. Physicists, geologists, biologists, economists, and others will welcome "Why Stock Markets Crash" as a highly original "scientific tale," as Sornette aptly puts it, of the exciting and sometimes fearsome - but no longer quite so unfathomable - world of stock markets.

在线阅读本书 Book Description Human existence is based upon risk. This text charts the adventures of a group of thinkers who embarked on a voyage of intellectual discovery, transforming primeval superstition into the powerful tools of risk control employed today. Amazon.com With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking. From Publishers Weekly Risk management, which assumes that future risks can be understood, measured and to some extent predicted, is the focus of this solid, thoroughgoing history. Probability theory, pioneered by 17th-century French mathematicians Blaise Pascal and Pierre de Fermat, has made possible the design of great bridges, electric power utilities and insurance policies. The statistical sampling methods invented by dour Swiss scientist Jacob Bernoulli undergird diverse activities such as the testing of new drugs, stock-picking and wine tasting. Bernstein (Capital Ideas) animates his narrative with a colorful cast of risk-analyzers, including gambling addict Girolamo Cardano, 16th-century Italian physician to the Pope; and John Maynard Keynes, whose concerns over economic uncertainty compelled him to recommend an active, interventionist role for government. Bernstein also traces the development of business forecasting, game theory, insurance and derivatives, and surveys recent advances in risk forecasting made possible through chaos theory and by the development of neural networks. From Library Journal For several centuries, mathematics has been the language of the exact sciences. Only in the 20th century has mathematics become predominant in other fields, particularly economics and finance. In this book, Bernstein (Capital Ideas: The Improbable Origins of Modern Wall Street, LJ 12/91), head of an economic consulting firm, traces the development of probability theory from its beginnings in analyzing games of chance, through its application to statistical theory and insurance, up to its present use in developing investment strategies to control risk. He includes excellent sections on portfolio analysis and on investments in derivatives. Bernstein clearly describes the people, their work, and the events that have revolutionized the thinking on Wall Street. A worthwhile acquisition for business and math collections. 　　　　　　　　　　　　　　　　　　　　　　　　　　　　Harold D. Shane, Baruch Coll., CUNY From Booklist Bernstein's lively history chronicles a profound transformation in attitudes about the future. How one's fate changed from depending less on capricious outcomes and more on predictable ones forms the backbone of the narrative. His central characters are mathematicians who began pondering the statistics of gambling, or gamblers pondering the risks of gambling: about one sixteenth-century polymath, Girolamo Cardano, Bernstein writes that his "credentials as a gambling addict alone would justify his appearance in the history of risk," and that comment is typical of Bernstein's engaging presentation. Amid his recounting of the insights into probability from Pascal to Keynes, he touches on an array of modern fields in which risk analysis is crucial--insurance, commodities futures, stock markets, and that old standard, gambling. This cornucopia of biographical sketches, mathematical examples, and reflections on the nature of human expectations about the future faces little risk of idling in libraries; patrons of the business section might be keenest to read it. 　　　　　　　　　　　　　　　　　　　　　　　　　　Gilbert Taylor From AudioFile Jesse Boggs honed his expressive, laid-back vocal style narrating his own award-winning documentaries. Here, as reader and abridger, he goes a long way to clarify Bernstein's convoluted theory of risk management. His careful phrasing also brings into high relief the sweeping generalizations and questionable axioms that give pause to the analytic listener. Only in this careful frame of mind can one separate wheat from chaff and learn whatever this book has to teach. Y.R. The Washington Post Book World, September 20, 1998 AGAINST THE GODS appeared in the "Washington Is Also Reading..." section of The Washington Post Book World. The book is described as, "A comprehensive history of man's efforts to understand risk and probability, from ancient gamblers in Greece to modern chaos theory." Book Dimension length: (cm)22.7 　　　 　　　　　 　　　　　 width:(cm)15.2

Praise for Algorithmic Trading: "Algorithmic Trading is an insightful book on quantitative trading written by a seasoned practitioner. What sets this book apart from many others in the space is the emphasis on real examples as opposed to just theory. Concepts are not only described, they are brought to life with actual trading strategies, which give the reader insight into how and why each strategy was developed, how it was implemented, and even how it was coded. This book is a valuable resource for anyone looking to create their own systematic trading strategies and those involved in manager selection, where the knowledge contained in this book will lead to a more informed and nuanced conversation with managers." (Daren Smith, CFA, CAIA, FSA, Managing Director, Manager Selection & Portfolio Construction, University of Toronto Asset Management). "Using an excellent selection of mean reversion and momentum strategies, Ernie explains the rationale behind each one, shows how to test it, how to improve it, and discusses implementation issues. His book is a careful, detailed exposition of the scientific method applied to strategy development. For serious retail traders, I know of no other book that provides this range of examples and level of detail. His discussions of how regime changes affect strategies, and of risk management, are invaluable bonuses." (Roger Hunter, Mathematician and Algorithmic Trader).

The book is a collection of high quality material that is both very broad and very deep. Highly recommended and a must in the quant library. --Jesper Andreasen, Head of Quantitative Research, Danske Markets, Copenhagen The authors bring their world-renowned knowledge to this important area of quantitative finance. This book is destined to become a classic. --Mark Broadie, Carson Family Professor of Business, Graduate School of Business, Columbia University The authors have done what others have not dared to try: a massively comprehensive treatise on fixed-income modeling. --Darrell Duffie, Dean Witter Distinguished Professor of Finance, Graduate School of Business, Stanford University

“[Taleb is] Wall Street’s principal dissident. . . . [Fooled By Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-nine theses were to the Catholic Church.” – Malcolm Gladwell, The New Yorker Finally in paperback, the word-of-mouth sensation that will change the way you think about the markets and the world.This book is about luck: more precisely how we perceive luck in our personal and professional experiences. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of business– Fooled by Randomness is an irreverent, iconoclastic, eye-opening, and endlessly entertaining exploration of one of the least understood forces in all of our lives.

《金融工程学》（第2版）重实践而不重理论，全书侧重于金融工程学的思想方法和应用实例，而不拘泥于数学推导和求解过程。全书基本上是将作者自己充分理解并在实践中印证的理论，按照一个新的框架写成的。主要内容包括金融市场、资产定价、金融工具、债券、期权等八章内容。全书并配合有许多生动的案例，也是作者这些年来仔细收录的，相信对读者会有所启发。