Are there any good books that teach the beginner how to estimate the risk associated with a particular purchase or investment?

Qualitative and quantitative methods would be a nice starting point.

  • You're quick to "accept" an answer on your questions when requesting multiple sources. Suggest you wait until more answers are in and judge accordingly, or not accept a single best answer when there isn't necessarily one. Jun 11, 2011 at 13:31
  • Yes..no problem
    – Victor123
    Jun 12, 2011 at 15:53

1 Answer 1


For a basic introduction you may want to check out Hull's Options Futures & other Derivatives.

To keep up to date with the quant world you check out Wilmott magazine.

  • Can you understand Wilmott magazine if you are not a quant?
    – Victor123
    Jun 11, 2011 at 12:49
  • It is certainly more mathematical than many other publications. But there are a lot of simple articles dealing with the recent advancements in risk management and quant finance. If you are just interested in getting a feel of the subject, I would suggest finishing Hull and then decide.
    – Apoorv
    Jun 11, 2011 at 14:09

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