Benning assumes a mathematically sophisticated reader, who know little about how markets work. So he provides an education. Centred in no small way on the Efficient Market Hypothesis by Markowitz. This is the dominant theoretical framework for modelling financial markets, and whether you subscribe to it or not, you need to be well aware of it. The book suggests, based on plausible reasoning, that markets are weakly efficient. But that volatility can be greater than theoretically assumed.
Another key portion of the book covers the Capital Asset Pricing Model.
Black-Scholes option pricing is derived, showing the assumptions on which it was originally based. Other financial instruments are also covered. Like Collateralised Mortgage Obligation (CMO). Alas, no mention of its close relative, the Collateralised Debt Obligation, which has been much in the news in 2007. A curious omission. But the book is still well worth reading.
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Trading Stategies for Capital Markets (Hardcover)
This is an excellent overview of finance and related topics. focuises on macroeconomic factors, such as aspects of national banking and finance, international trade and currency exchange systems, etc. Also focuses on corporate and business finance. Also contains excellent exercises for math and accounting functions.
The flow of this book is in alignment with the thought process of business executives. The USP of this book is it has historical pieces coupled along with strong analysis to churn out wisdom for leaders as well as strategists in every sphere.
I thought the author did a good job of spanning the wide range of financial topics with sound advice