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Wednesday, May 20, 2015

RE: don't buy too many fin math books

For all the topics of the MSFM like option math, bond math ... my existing insight and understanding (acquired before 2013) is really in the first 10% of the course. I don't have the contexx to reach the next level:

thin -> thick -> thin...
develop intuitions

Therefore, those books I bought will not help a lot. I think reading alone without the contexx is more effective in programming.

However, good thing about fin math is low churn ... basically no change in the math theory.

No real work exposure. My c++/swing/py ... learning is more effective.

--some of the more practical topics (rough ranking)
IV questions like the red and the green book
bond math
IRS math
option math
basic Black Scholes

--some of the less practical topics
HJM
change of measure