The Math Behind Wall St
Nicholas Teebagy
1998 Four Walls Eight Windows
B
This is a very good introduction to the basic mathematics used in Wall Street.
The author is a professor of mathematics, which explains the ease in which
he explains all of the mathematical concepts for even the average reader.  The
downside to this book is that it does not go very far.  Given its small size,
only 100 pages, I feel that he could have gone on much further into more
advanced topics.  He starts with means and variances, and works his way through
correlation, risk measures, performance measures, investment planning, and
indexes.  He wraps up with some ultra-brief comments on ARCH models and neural
networks.  I would love for him to come out with a much larger, much more
detailed, much more advanced book.