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Title: Do not buy this lousy book
Review: This book is pretty bad. It goes into a lot of details on very simple calculations and manages to make them seem more complex than they actually are. This is sepecially true in the first chapter on interest rates.When it comes into advanced topics, there is a lot of hand waving and pulling of critical results from nothing. Worse is the fact that when these handwaving occurs, the reader is not informed.The authors also tend to over simplify advanced topics and do not ensure a consistent notation. People should not depend on this book to build their foundation in financial maths as you would pick up a lot of misconceptions that will hinder understanding of more advanced topics later. This book serves best as a collection of formulae in basic financial maths that you can refer to when you can't remember a formula.Both the CFA notes and IOA notes on quant do a much better job of explaining financila maths compared to this book
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