Most helpful critical review
6 of 6 people found the following review helpful
1 in 4 chance of a typo on any given page
on 16 July 2007
i'm on p176(of 354) currently and have, as a novice, spotted 47 typos, many in formulae, which decreases my confidence in the remaining work. the editor did a very poor job here - whole sections, eg p61-62 are word-for-word pastes of sections which came before, it seems the author's "e" key may have been a little unresponsive given the number of words with a missing "e".
I found a lot of the section headings to be uninformative and generally the order or presentation is unsystematic - another reviewer spotted this. I could speculate that this was due to the cut&paste nature of some parts of the text.
I'm not convinced (again, this is a novice opinion) the author is strong enough in the quant side of things to sound too convincing when he dips into theory, though he does point out that this isn't meant to be a maths book. That's fine. Mathematically sophisticated authors can write maths-lite finance books aimed at non-mathematically inclined audiences yet can manage to present the material in a way which gives more confidence. (E.g. Simon Benninga's "Financial Modelling")
On the plus side, it is good to see a full book on the yield curve taking in some trader-related perspective, a little economic perspective, and some theory.
Plus, the author clearly makes an attempt to explain many aspects of the yield curve and largely succeeds.
I'm enjoying the read and plan to continue until the end.