Puzzles of Finance: Six Practical Problems and Their Remarkable Solutions

Puzzles of Finance: Six Practical Problems and Their Remarkable Solutions

by Mark P. Kritzman
     
 

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". . . shining clarity and enviable originality."
-Peter L. Bernstein, author of Against the Gods

Critical Praise for PUZZLES OF FINANCE

"An extraordinary combination of the elements of finance, commonsense wisdom, sparkling humor, shining clarity, and enviable originality. This is a potent blend by any standard of measurement. Longtime Kritzman watchers,

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Overview

". . . shining clarity and enviable originality."
-Peter L. Bernstein, author of Against the Gods

Critical Praise for PUZZLES OF FINANCE

"An extraordinary combination of the elements of finance, commonsense wisdom, sparkling humor, shining clarity, and enviable originality. This is a potent blend by any standard of measurement. Longtime Kritzman watchers, however, would anticipate nothing less."
-Peter L. Bernstein, author, Against the Gods

"A modest, lively, clever little book. Kritzman's puzzles range from party tidbits to the profound, and each is presented with a bit of history, a lot of insight, and just the right measure of wit. While he may not have intended it to be more than a collection of interesting conundrums, Kritzman has actually created a wonderful introduction to finance for the uninitiated with challenges for even the most sophisticated."
-Stephen A. Ross, Franco Modigliani Professor of Finance and Economics, Sloan School, MIT;
Co-Chairman, Roll and Ross Asset Management Corp.

"Mark Kritzman presents the reader with an entertaining way of learning some serious finance."
-Harry Markowitz, Nobel Prize Recipient, 1990, Economic Sciences
President, Harry Markowitz Company

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Editorial Reviews

Risk
Kritzman's new book shows again that he is not only a talented asset manager but also a gifted teacher who knows how to simplify even the most complex issues.
Booknews
Using six finance puzzles as a jumping-off point, Kritzman (Managing Partner of Windham Capital Management Boston) offers a primer on financial concepts and quantitative methods in finance. The puzzles address exchange rates, investment return and risk, time's influence on an investment's expected utility, the returns on stocks versus riskless assets, and the irrelevance of expected returns on options. Also included is a brief technical glossary explaining terms from annualization to the Wiener process. Annotation c. Book News, Inc., Portland, OR (booknews.com)
From the Publisher
"Kritzman's new book shows again that he is not only a talented asset manager but also a gifted teacher who knows how to simplify even the most complex issues." (Risk, January 2001)

Product Details

ISBN-13:
9780471228844
Publisher:
Wiley
Publication date:
08/19/2002
Series:
Wiley Investment Series, #89
Pages:
187
Product dimensions:
8.50(w) x 5.50(h) x 0.48(d)

Meet the Author

MARK P. KRITZMAN is Managing Partner of Windham Capital Management Boston and a Senior Partner of State Street Associates. He is also the Research Director of the AIMR Research Foundation and serves on the boards of the Institute for Quantitative Research in Finance and the International Securities Exchange, and on the editorial boards of the Financial Analysts Journal, the Journal of Alternative Investments, and the Journal of Derivatives. Mr. Kritzman has written numerous articles for academic and professional journals and is the author of six books, including The Portable Financial Analyst (Wiley).

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