Of course this isnt a mathematically rigourous platform to learn the pricing and hedging of option products, Taleb is entirely clear that it wasnt meant to be. Instead it offers one source for a multitude of much, much more intuitive lessons on trading, probability, and market realties offered in a persistently thought provoking, even entertaining style.

As a junior trader I found this a real bonus step up the learning curve (im sure you could realise all of this knowledge elsewhere, but in one place? - never.) I eagerly await seeing any additional material included in the second edition.


useful for non-quantitative beginning option traders   July 21, 2000
 10 out of 16 found this review helpful

Taleb must be congratulated for writing a book that introduces some basic ideas about options trading to novices. On the other hand, there is nothing in it for the experienced options trader, especially one who understands both the mathematics and real-life issues. Readers lacking either mathematics or real life trading experience may be unduly impressed, which perhaps explains the success of the book. In fact, Taleb is often vague where he should be precise and vice versa. Not atypical for a finance book where outrageous claims are sometimes made on behalf of both practioners and academics in a very young discipline.


Excellent well written book   July 13, 1999
 0 out of 13 found this review helpful

Taleb's dynamic hedging is an excellent book on options. It is very important for every risk manager to read it, however taleb does not reveal all the secrets of the options business...


Get an Editor   June 11, 1999
 4 out of 17 found this review helpful

This book could very well be the most insightful thing ever on risk management. I would not know, I quit reading it after the first few pages.

The problem being the author constantly inserts these 'option wizards' and charts anywhere he so desires. It is absurd, they are placed in the middle of paragraphs even mid-sentence. As such I found myself having to constantly *HUNT* for the continuation of a sentence. Many times this involves flipping more than one page. Who has time for such nonsense?

Yes, write a new addition. This time get an editor. A highschool student in a journalism class could do a better job.


Invaluable Market Insights   May 12, 1999
 2 out of 4 found this review helpful

Nassim Taleb's book has become mandatory reading for all of the traders at our global derivatives trading house. More than just about options and derivatives, Dynamic Hedging teaches about market behavior better than any "text" I've seen. A must-buy for any trader, regardless of specialty.