Financial Engineering Principles: A Unified Theory for Financial Product Analysis and Valuation (Wiley Finance)

By Perry Beaumont

Stock, bonds, cash . . . the investment mind is often programmed. The reality is that most investors think in terms of single asset classes, and allocate money to them accordingly. The unique contribution of First Principles: An Investor's Guide to Building Bridges Across Financial Products is that, for the first time, a single unified valuation approach is available to use for all financial products. This book shows you how to focus on the dynamics of processes and interrelationships of different investment choices, providing the reader with a financial toolbox to equips any investor with the knowledge to de-construct and value any financial product, making it a must if you're a portfolio manager or an individual investors interested in building the optimal portfolio.

• Format: Hardcover
• Language: English
• ISBN: 0471463582
• ISBN13: 9780471463580
• Release Date: October 2003
• Publisher: Wiley
• Length: 320 Pages
• Weight: 1.30 lbs.
• Dimensions: 9.4" x 1.1" x 6.2"

Customer Reviews

Humayun Ali Pakistan

Good reading. Beaumont has shown how useful and insightful it can be to approach markets from the viewpoint of financial engineering as well as how to innovatively think about risk and return in an everyday portfolio management context. Well, I found the book to be very well written, concise, logical, and plain smart.

A practical must read

Beaumont's greatest strength is not so much in the text (though the writing is solid) as in his creative use of charts and pictures that tell the story as well as (or ever better than) the exposition. Useful for the neophyte and the professional.

The right book at the right time

I think that more than ever the financial markets are really interconnected, and especially with credit-driven events. This book ties all the pieces together in a very useful way.

A must-have for the financial professional

Like I suppose most other finance professionals, I had often considered certain assets as best belonging within their own separate universe; stocks are stocks, bonds are bonds, etc., and 'never the twain shall meet'. For the first time that at least I'm aware of, Beaumont has shown how useful and insightful it can be to approach markets from the viewpoint of showing how much they have in common as opposed to how different they are. In doing this he succeeds in both providing a way to think creatively about financial engineering as well as how to innovatively think about risk and return in an everyday portfolio management context. In short, I found the book to be very well written, concise, logical, and plain smart.