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Title: Refreshingly simple
Review: Having searched the market for a book that would appeal to me, I am pleased to be able to report that "Derivatives..." makes few attempts to over-complicate and confuse. Unlike many other books that dazzle the reader with closely argued attempts to build up a picture from first principles, Wilmott presents the world as it really is, with all its confusions and inadequacies. Having tried and failed to understand the mathematical underpinnings of the formulae I have to use on a a regular basis, it was refreshing to discover that there really was little coherence to the derivatives market (49 chapters!). I would recommend this without reservation to practitioners everywhere who need reminding what a beautiful chaos lies under the surface of their chosen field. Superb!
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