Principles of Financial Engineering (Academic Press Advanced Finance (Hardcover))

Rating:
Summary: Bravo!
Review: It is such a comprehensive and reader-friendly financial engineering book! Neftci explained the complex financial concepts with plain English, simple examples and graphs. Any one with less financial background can understand the concepts with less effort. It describes and covers the most concepts that many financial practitioners may use at daily business. From Volatility surface to Greek Letters, from Convertible bond to Synthetic CDS, it provides the most financial concepts than any other books. It is one of the best reference books that are available in the industry.
Even though it explains the structured financial products, such as CDO, it will be much more valuable to the book, if it describes in more details on valuations of CDO and MBS. Since those structured financial products are started to pick up on Wall Street and becoming fashion in the financial industry at the current stage. After adding those products, the book will become the most comprehensive and sophisticated financial engineer's handbook.

Rating:
Summary: An excellent reference for professionnals and students
Review: Principles Of Financial Engineering came as an excellent surprise to me, it will probably make a lot of people feel more intelligent about themselves as it explains fairly complex technicalities in a comprehensible way. Neftci book is a very good reference for market professionals like myself in need of a rapid answer, or anyone with a desire to understand more about fixed income and derivatives. Graphical illustrations enhance the text and should make it particularly easy for finance students to understand subjects like synthetic alterations using various financial instruments.

Rating:
Summary: All the old & all the new...
Review: The world of finance has moved quickly, with new instruments, synthetics, cash flow instruments, and dozens of other new products. Neftci does a great job explaining all of them, pricing them, and gives wonderful examples of the uses of them. Not as academic as his other works, and I think even more helpful. A must have for those who work in the City or on the Street.