December 2015
Beginner
384 pages
11h 32m
English
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Chapter 8
Speaking Greek
In This Chapter
Understanding the Greek letters used to analyse financial risk
Seeing financial risk from a modern portfolio theory perspective
Treating financial risks as derivatives
Using concepts from bond analysis for financial risk management
For non-nerds in finance (I, myself, am a card-carrying nerd from way back), nothing is more terrifying than Greeks. I don’t mean the ones bearing gifts, nor the 300 Spartans blocking the only mountain pass to Thessaly, nor the government in Athens with its troublesome budgets. I mean those letters used for fraternity names and to chase cool students out of mysterious courses in arcane financial arts.
Taken one at a time, each Greek letter represents an important financial concept that can be appreciated without advanced mathematics. Each one was developed for a specialised subfield in finance, but they’ve grown to express general concepts that all risk managers must master. They’re valuable because they allow complex portfolio risks to be reduced to a manageable series of numbers, communicated with single words, ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.