Why read Investment Science?

Book cover of Investment Science

Book description

Investment Science, Second Edition, provides thorough and highly accessible mathematical coverage of the fundamental topics of intermediate investments, including fixed-income securities, capital asset pricing theory, derivatives, and innovations in optimal portfolio growth and valuation of multi-period risky investments. Eminent scholar and teacher David G. Luenberger, known for his ability to…

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Why read it?

1 author picked Investment Science as one of their favorite books. Why do they recommend it?

John M. Mulvey

Author

This book is an outgrowth of a course at Stanford University on applying quantitative methods to improve financial decision making.

Professor Luenberger has a superior talent at writing clear and logical textbooks on optimization topics. He shows the benefits of employing nonlinear programs for several applications, including pricing complex options, and achieving rebalancing gains over time. In his telling, volatility provides an opportunity to improve performance. The linkage of optimization and investing is a special treat.

From John's list on The best books on how to achieve your financial goals.