Review of Economic Capital: A Practitioner Guide [ILLUSTRATED] (Hardcover)

There are very few books around that deal with Economic Capital. This is an expensive item, however worth it. My notions on EC were limited before reading this book, but once you start reading you have the sensation that you are learning.

The first part "Concepts and applications" is well written and the sequence of articles is presented in a logical fashion.
The second part "EC for specific risks" gives you a good flavor of what people are doing (and how they are doing it) on the different risk types. The articles are good and not too technical, although I wish there were more examples.
The third part "EC Methodologies" is very technical, and recommended to experts on the matter.




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Review of Rubinstein On Derivatives (Hardcover)

So I took the class with the man last quarter and thought I did not need the book. Well, by the end of the semester I started reading it and I was pleasantly surprised by the organized nature of the book. Rubinstein's thoughts are well explained and there is a lot of clarity in his derivations, which are not overly mathematical . Rubinstein comes from another era in finance, an era when intuition was more important than the math. Right now, there is so much math in finance that intuition seems to be undervalued, which is a shame.

If this book had a solid set of questions and answers at the end, it would be a great book. Then again, we got our own problem sets from the professor, so I can't complain about that myself.



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