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Taleb on Risk: Dynamic Hedging

By: Nassim Nicholas Taleb
Binding: Hardcover
Publisher: John Wiley & Sons
ISBN: 0471152803
ISBN-13: 9780471152804
Released: 23 Jan 1997
RRP: £60.00
Average Rating:


Customer Reviews

If there is a better options trading book i'd love to see it - By: , 01 Jul 2002
This is without a doubt the best book that has ever been written on professional options trading & I simply cant understand why anyone would give a less than glowing review. If there is anything better out there (and i dont mean a pricing book that leaves the reader to infer his own trading realities from the models & hedge ratios that ensue) then I'd love to see it.

Of course this isnt a mathematicallly rigourous platform to learn the pricing & hedging of option products, Taleb is entirely clear that it wasnt meant to be. Instead it offers one source for a multitude of much, much more intuitive lessons on trading, probability, & market realties offered in a persistently thought provoking, even entertaining style.

As a junior trader I found this a real bonus step up the learning curve (im sure you could realise alll of this knowledge elsewhere, but in one place? - never.) I eagerly await seeing any additional material included in the second edition.


useful for non-quantitative beginning option traders - By: , 21 Jul 2000
Taleb must be congratulated for writing a book that introduces some basic ideas about options trading to novices. On the other hand, there is nothing in it for the experienced options trader, especiallly one who understands both the mathematics & real-life issues. Readers lacking either mathematics or real life trading experience may be unduly impressed, which perhaps explains the success of the book. In fact, Taleb is often vague where he should be precise & vice versa. Not atypical for a finance book where outrageous claims are sometimes made on behalf of both practioners & academics in a very young discipline.
Excellent well written book - By: , 13 Jul 1999
Taleb's dynamic hedging is an excellent book on options. It is very important for every risk manager to read it, however taleb does not reveal alll the secrets of the options business...
Get an Editor - By: , 11 Jun 1999
This book could very well be the most insightful thing ever on risk management. I would not know, I quit reading it after the first few pages.

The problem being the author constantly inserts these 'option wizards' & charts anywhere he so desires. It is absurd, they are placed in the middle of paragraphs even mid-sentence. As such I found myself having to constantly *HUNT* for the continuation of a sentence. Many times this involves flipping more than one page. Who has time for such nonsense?

Yes, write a new addition. This time get an editor. A highschool student in a journalism class could do a better job.


Invaluable Market Insights - By: , 12 May 1999
Nassim Taleb's book has become mandatory reading for alll of the traders at our global derivatives trading house. More than just about options & derivatives, Dynamic Hedging teaches about market behavior better than any "text" I've seen. A must-buy for any trader, regardless of specialty.