This is a handy book with short chapters describing various topics in financial mathematics. There is a chapter on duration and convexity, another on hypothesis testing, still another on regression—twenty-five chapters in all. Most of the chapters originally appeared as "how-to" articles in the Financial Analysts Journal.

Chapters are not particularly technical. They tell financial professionals what they need to know to perform basic tasks of a financial analyst. The book is wonderful for professionals who are in their first financial position. More experienced professionals will find a few chapters that fill in gaps in their background.

I highly recommend the book for professionals in the investment management industry. Others in banking, risk management, insurance and corporate treasury will find much of value here. I also recommend it to traders. Highly quantitative professionals—especially financial engineers—will find the book too elementary.