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Finance in a Nutshell
Finance in a nutshell. "Javier Estrada delivers the essential concepts and tools of modern finance clearly and concisely. Estrada avoids abstract symbolism and jargon, and instead relies on insightful, practical examples, making this the perfect book for practitioners who seek an efficient and engaging learning experience. My advice: buy this book and keep it close at hand!"- Mark Kritzman, President & CEO, Windham Capital Management, LLC. "With Finance in a Nutshell, Javier Estrada has succeeded in several difficult tasks: to make an investment and corporate finance guide concise and useful; conceptually comprehensive and correct, but also written in a readable and engaging style. Academics, as well as practitioners, will want to refer to this book and recommend it to others."- Edward I. Altman, Max L. Heine Professor of Finance, NYU Stern School of Business. "Professor Estrada has written a summary of basic financial topics that should appeal to all levels of students and practitioners. It is concise and readable, but still manages to address the key issues in finance in a manner that is both useful and insightful.; As a former academic and current practitioner of finance, I will use this book and recommend it to my colleagues." - Jack D. Glen, Lead Portfolio Officer, Corporate Portfolio Management Department, International Finance Corporation (IFC). "This is a valuable companion for the practising manager and student. In one brief volume we have a succinct presentation of the important tools and concepts of modern finance. The discussion is direct and practical. Estrada is to be commended for translating deep economic ideas into terms that are immediately usable, compelling, and valuable." - Robert F. Bruner, Distinguished Professor of Business Administration, Darden Graduate School of Business Administration, University of Virginia. "In exceptionally clear and concise language, Javier Estrada explains the concepts of modern finance. Each chapter is up-to-date, well-presented and contains useful problem sets. I recommend this book to practitioners and students alike." - George Hoguet, CFA, FRM Global Investment Strategist, State Street Global Advisors. "This is a compact handbook of the key concepts that we teach in finance.; You can dip into any chapter for a quick briefing or a fast refresher. This is corporate finance served in bite-sized and digestible portions." - Elroy Dimson, BGI Professor of Investment Management, London Business School.
- GenresFinance
409 pages, ebook
First published January 1, 2005
2 people are currently reading
45 people want to read
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Displaying 1 - 2 of 2 reviews
February 25, 2009
This book explains the mathematical foundations of major topics in finance. It took me six weeks to read it because it covers a lot of ground that I wanted to understand thoroughly.
There are plenty of equations, but the math isn't that difficult. There are a few infinite sums and some exponentials and logarithms. Of course some of the equations are very difficult to solve, but that doesn't mean the concepts they are expressing are that hard to understand.
The book is divided into brief, stand alone chapters that cover a major concept. This has the advantage of allowing the reader to just read what is interesting and jump from topic to topic in any order. The last few chapters provide an overview of statistics that are a good review before reading other sections.
I originally picked up this book because I was curious about how the price of a stock can be estimated. I've held stock in various companies that I've worked for, and I've always wondered how much it was really worth. ("Whatever someone is willing to pay for it," is the standard answer. Correct I suppose, but not very rigorous.) This book took me through dividend discount models, then cash flow-based models, then reverse valuation models, and finally relative valuation models. Each concept was simply stated in prose and the precisely stated with math.
After the sections on equity valuation I read straight through from the beginning. The only parts of the thirty chapters that I didn't find that interesting were futures and forwards and currency exchange.
How practical this knowledge is I can't say. I'm definitely not about to hedge my 401(k) with futures contracts any time soon. Also, I tried matching the value of GOOG options on the open market with my Black-Sholes calculations, but I either made a mistake in my spreadsheet or there is a major investment opportunity out there.
But then again now that I understand the basic math behind say, portfolio optimization, I'll get much more out of personal finance books like The Intelligent Asset Allocator (which I'm reading next).
At the end of each chapter are sample exercises, which I didn't take the time to work through. Also included in each chapter is a section that shows how to implement that chapter's calculations in Excel. I have a lot more appreciation for Excel after reading this book.
I would recommend this book to anyone with a mathematical bent and an interest in finance.
There are plenty of equations, but the math isn't that difficult. There are a few infinite sums and some exponentials and logarithms. Of course some of the equations are very difficult to solve, but that doesn't mean the concepts they are expressing are that hard to understand.
The book is divided into brief, stand alone chapters that cover a major concept. This has the advantage of allowing the reader to just read what is interesting and jump from topic to topic in any order. The last few chapters provide an overview of statistics that are a good review before reading other sections.
I originally picked up this book because I was curious about how the price of a stock can be estimated. I've held stock in various companies that I've worked for, and I've always wondered how much it was really worth. ("Whatever someone is willing to pay for it," is the standard answer. Correct I suppose, but not very rigorous.) This book took me through dividend discount models, then cash flow-based models, then reverse valuation models, and finally relative valuation models. Each concept was simply stated in prose and the precisely stated with math.
After the sections on equity valuation I read straight through from the beginning. The only parts of the thirty chapters that I didn't find that interesting were futures and forwards and currency exchange.
How practical this knowledge is I can't say. I'm definitely not about to hedge my 401(k) with futures contracts any time soon. Also, I tried matching the value of GOOG options on the open market with my Black-Sholes calculations, but I either made a mistake in my spreadsheet or there is a major investment opportunity out there.
But then again now that I understand the basic math behind say, portfolio optimization, I'll get much more out of personal finance books like The Intelligent Asset Allocator (which I'm reading next).
At the end of each chapter are sample exercises, which I didn't take the time to work through. Also included in each chapter is a section that shows how to implement that chapter's calculations in Excel. I have a lot more appreciation for Excel after reading this book.
I would recommend this book to anyone with a mathematical bent and an interest in finance.
October 16, 2017
کتاب راست کار بچه های مهندسی مالیه. برای دوتا درس بهینه سازی سبد سهام و مدیریت سرمایه گذاری. با توجه به روان بودن متن و مدل سازی های اکسل که در انتهای هر فصل وجود داره واقعا کتاب مفیدیه. شک نکنید در خواندنش مالی چی ها
Displaying 1 - 2 of 2 reviews