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In Pricing the Future, financial economist George G. Szpiro tells the fascinating stories of the pioneers of mathematical finance who conducted the search for the elusive options pricing formula. From the broker's assistant who published the first mathematical explanation of financial markets to Albert Einstein and other scientists who looked for a way to explain the movement of atoms and molecules, Pricing the Future retraces the historical and intellectual developments that ultimately led to the widespread use of mathematical models to drive investment strategies on Wall Street.
Customer ReviewsMost Helpful
By Philo on 04-08-12
Petty details detract from the topic
I am disappointed. A good popularization, I think, should use colorful stories and details to support a strong, informative walk through the topic. The author who dumps in a profusion of trivia, for whatever reason, without careful editing, is using up my precious time to deliver something I didn't ask for. After a strong opening, I found myself in long stretches of petty technicalities and names of various things that do not support understanding (poorly pronounced in the case of oh-so-many foreign words). Each side-story might claim to be interesting, but please be relevant! On the other hand, a good popularization should elegantly walk me into the technicalities of the topic. Here I felt like we went from a slide show of someone's tedious vacation pictures too steeply into the technical content.
By comparison, Emanuel Derman in "My Life as a Quant," for all his digressing and wanderings, displeasing as that could be, rewarded my patience with elegant passages on Black-Scholes and related topics and personalities. When he got onto the subject, he nailed it.
6 of 6 people found this review helpful
By Tristan on 01-19-12
Interesting story, terrible accents!
Would you recommend this audiobook to a friend? If so, why?
If you're interested in the history of finance and financial theory, then yes this is a nice soft introduction. The author does a reasonably good job of spicing up the fairly dry material with interesting stories that help place the events in their historical setting.
What do you think the narrator could have done better?
The book is filled with names, terms and phrases from French, Spanish, Latin and other languages. The narrator absolutely butchers the pronunciation of these. I really wish they'd at least given him a language coach for these bits of the book. It would be comical if it wasn't so sad.
5 of 5 people found this review helpful
Customer ReviewsMost Helpful
By Emilie on 09-29-13
Beste book I have "read" on futures & derivatives.
What did you like most about Pricing the Future?
This book tells the story of the stock market, derivatives trade and the calculus that made it possible in an interesting and entertaining way.
What was one of the most memorable moments of Pricing the Future?
The great and very understandeble explanation of brownian motion.
Did you have an emotional reaction to this book? Did it make you laugh or cry?
it made me facinated with the math behind derivatives.