Calling all high schoolers, grab your financial future by the horns and learn about the mathematics of finance! With this book, you'll get an introduction to the higher level mathematics used in banks and hedge funds, as well as the knowledge to measure and manage risk, allocate money to different assets, to value complex financial instruments, and more.
What's included in this book?
Get an introduction to the history of money, banks, bubbles and crashes, and financial theoriesUnderstand the jargon of financeDiscover finance-related careersLearn the basic mathematics of probability, the exponential function and logarithmsLearn how to represent interest on bank accounts and bonds, and how to model share prices as random walksUnderstand how to measure and manage risk, to allocate money to different assets, and to value complex financial instrumentsExercises to test your understandingSpreadsheets to help you implement the ideasDon't miss out on this opportunity to learn about finance and take control of your financial future!
Paul Wilmott is a researcher, consultant and lecturer in quantitative finance. He is best known as the author of various academic and practitioner texts on risk and derivatives, and for Wilmott magazine and Wilmott.com , a quantitative finance portal. He is the co-owner and Course Director for the Certificate in Quantitative Finance (CQF), a half year distance learning course on mathematical finance at 7City Learning, a London-based company providing training for the financial services industry. He is a founding partner of Caissa Capital, a volatility arbitrage hedge fund. He is on the editorial board of the academic journal International Journal of Theoretical and Applied Finance. He founded the Diploma in Mathematical Finance at Oxford University and the journal Applied Mathematical Finance. He is a director of Wilmott Electronic Media, which manages Wilmott.com, a website for the quantitative analyst community, and is a director of Paul & Dominic Quant Recruitment. He studied mathematics at St Catherine’s College, Oxford University, where he received his D.Phil in Applied mathematics in 1985.