- Growth in Structured Securities
- Growing Emphasis on Low Volatility and Dividends
- Criticisms of Structured Securities
- Demand for Quantitative Skills
- Direction of Quantitative Finance
- When I Realized It Might Be Easier
- Try Again
- The Spreadsheet
- Visualizing the Result
- What It Means and Why It Works: A Nontechnical Overview
- It Doesn't Get Too Complicated
- An Integrated View of Risk Management
It Doesn’t Get Too Complicated
The spreadsheet illustrates the basic framework for everything presented in this book. It doesn’t get too complicated. That is the beauty of the method. The underlying assumptions are transparent, and the logic can be broken into simple steps.
The challenge to those of you without quantitative backgrounds might be the terminology. In finance, statistics, and stochastic math, the terminology is challenging to everyone. One of the advantages of having a relatively compact spreadsheet is that you can always go back to specific cells and exact formulas whenever you need clarification about what something means.