Risk Management and Derivatives

Great book for postgraduate finance students and or professionals.It is not a book for beginners but does explain the advanced theories in an easy way.Gets complicated and does not shy away from more profound topics. Much appreciated.

This is one of the best books I ever had. Being able to understand every detail is not easy , but the author does a great job in bringing mathematical concepts with an application perspectives

I agree with Mike's review, in an effort to simplify things this book is incomprehensible. The paragraphs run on and gloss over calculations in written format, missing important clarifications and complicating things further. Then there are other paragraphs that are exceptionally redundant and very basic.

I am an MBA student and my class requires the use of this book (Risk Management and Derivatives, Stulz, 2003).I completely agree with other's negative comments regarding this book. Equations are written within a paragraph rather than separated out to clarify. The text is written purely on theory - even the "real world" examples are relatively impossible to understand.My professor, after reviewing the assigned exercises from the book, canceled all future assignments noting that the wording of the problems and the text were so confusing that they were almost impossible to work. My professor noted that he refuses to teach this class again until the school uses a different textbook.This book has made a relatively difficult subject impossible to learn.Mike