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Title: Dated, Error-Laden, and Useless
Review: I abandoned this book after chapter 4 because of the plethora of errors: typos in the text and errors in the Excel models. The book came with an old 3"x3" "floppy" and was written using Excel 97. The website for the book is inactive. The more serious problem, however, was that the book does not use VBA for modeling, thus making the spreadsheets needlessly cumbersome.Far better to learn elementary derivatives modeling in Excel would be Rees's Financial Modeling in Practice (2010) and Staunton & Jackson's Advanced Modelling in Finance Using Excel and VBA (2001). The latter suffers from a slight drawback of using Excel 2003, so the macros won't open in Excel 2007. However, you can either use a hot patch from Microsoft's website or (better yet) recreate the macros from scratch yourself.
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