Customer Reviews:
A MUST BUY FOR 1 d4 ATTACKING CHESS PLAYER who learnt the joy of playing 1d4 from "How to think ahead in chess" by Horowitz .......2007-03-23
To begin with, let me state that the greatest book on chess ever written is How to think ahead in Chess by Horowitz. That book truely taught me the basic ideas of a strong opening for beginner, namely, the Stonewall Attack. Before that, I was clueless about handling 1 d4 as white.
Now that I have become more comfortable with Stonewall Attack, I have begun to recognize early moves that do not allow me to play Stonewall Attack. In fact, I am clueless on how to handle Kings Indian Defence. I clearly needed to learn a few basic strategies of dealing with early deviations from Stonewall Attack formations, So I started hunting for books. I have browsed through hundreds of books in Borders or B&N or local libraries and read reviews on Amazon.com for many more. I finally decided that A killer Chess Opening Repertoire would be a good book for me, and I did indeed order it from Amazon.com.
It has been a couple of weeks now, and I can say confidently that the joy of playing chess has increased marvelously for me. The best two chapters are the ones on Barry Attack, and Colle Zukertort system. They both provide excellent kingside attacking chances for white - I always go for kingside attack ... I understand the goal much more clearly than the subtle maneuvers involved in QGD. Since I do not make mistakes in the opening with this repertoire, I end up in games that are 70+ moves long and most of the time, I am attacking the king !!! It is really fun !
An added benefit has been to adopt the same repertoire in the reversed manner when playing as black. Whenever white fianchettoes is king bishop, I play for Barry attack reversed and the game looks fantastic.
One of the good things about the book is that it includes games on early deviation that are not strong and shows how the attack crushed opponents. It is really useful because most of the time at my level, opponents do deviate from the mainline very early and I can look up how to deal with them - While I am not very good at finding the key tactics in a time crunch situation, I am good at copying the tactics - so if I already have a demonstration of the tactics involved in the situation, I can reproduce them over the board.
I have read online that Barry Attack and 150 Attack (when Black avoids d5 altogether) are covered only in this book ... I still haven't got around to learning about 150 Attack ... but at my level, almost everyone plays d5 or fianchettoes ... To me, this book fills the critical gap created by the How to Think Ahead in Chess. These are the only two books you will ever need for opening as white.
To summarize: If you love to play Stonewall Attack, and are looking for creating a repertoire around that, this book is for you. Stop looking around, I have done all the hardwork, save your time and just buy this one. Note: this book does not actually cover stonewall attack ... for that I recommend the classic - How to Think Ahead in Chess: The Methods and Techniques of Planning Your Entire Game (Fireside Chess Library)
Not stand alone, but a must for the Zukertort Player.......2006-06-12
I am an expert on the Colle-Zukertort system. It is the only system on White I play [unless I am giving lessons to students]. In fact, I am currently writing a book on this opening.
"A Killer Chess Opening Repertoire" is a high-quality book. Only 144 pages long, but it makes great use of those 144 pages. On the other hand, with so little space, there are some limitations of coverage. One advantage of this book is that it does NOT attempt to cover both the Colle-Koltanowski AND the Colle-Zukertort. Why should a white repertoire book attempt to do both? This saves Summerscale much space to focus on what is important.
The book is written with the supposition that you are playing resonably high-level players. This means that you will often be in a situation where your opponent has made a lackluster move not covered in the text, and you will then need to understand how to exploit that. On the other hand, the same could be said of almost any opening book.
This book has a very different philosophy than either "The Ultimate Colle" or "Winning with the Colle System." Lane, author of "The Ultimate Colle," is content with certain simplifications that Summerscale is not. Smith and Hall's book, "Winning with the Colle System," is aimed at lower-level players and tends to be too rosey in its evaluations. Summerscale's book is both more ambitious and more honest than either of these. Summerscale wants a real attacking iniative or some other concrete advantage. If a line does not work well enough, Summerscale is willing to transpose out of the Colle to something more appropriate. Lane and Smith/Hall are less willing to play something substantially different.
Summerscale also covers some lines that the other books simply do not. For example, the extremely important 1.df d5 2.Nf3 Nf6 3.e6 Bf5 line, quite possibly the most powerful response to the Zukertort, is completely ignored by Lane and Hall!! Summerscale covers it, though he does not spend enough time on it.
Another example where Summerscale covers lots of lines others miss are the various early c5 options for black [1.d4 d5 2.Nf3 Nf6 3.e3 c5 for example].
The common theme here is that Summerscale covers a lot of early deviations and options, but does not go very far down most of those trees. This is more useful than it sounds; trying to track down all the variations in all the anti-colle systems would take hundreds of pages.
One problem with the book is that the options it gives [150 attack and barry] for dealing with Gruenfeld/Indian options are systems for which other manuals are not available. It would be good to have separate books on these to bolster the repertoire given. This is a serious issue because those defenses are very common ones.
Still, as a extremely fun, slim repertoire book, it is hard to do much better than this!
On what to do after the opening..........2005-09-07
I found this book from Mr.Summerscale while searching for something more aggressive as white with respect to the Queen's Gambit (I know this seems strange, but let me explain). I used to play the QG simply for 2. c4 ... is generally considered the best follow-up to 1. d4 .... The most of the times I exited the opening phase with an advantage (I have a good memory :-) but at the very beginning of the middlegame ... well ... I simply didn't know what to do! My opponents defended very calmly and very well, waiting for the right moment to counterattack and eventually win the game.
"A killer Chess Opening Repertoire" doesn't contain a killer chess opening repertoire at all! Neither of the lines suggested by Mr.Summerscale will promise you an advantage in the opening, and if black knows what he is doing he is able to equalize without problems. But this is not a problem! The greatness of this book is simple: you are armed with a solid, reliable, difficult to crack opening system for white. You are unlikely to get caught into an opening trap, and if black doesn't exactly know what he is doing (which is the most of the cases in Club/Tournament play) he is likely to equalize and ... eventually lose the game.
Yes, through this book I learned the most important thing of chess (for me): the relation among the opening and the middlegame, and how to understand an opening THROUGH the middlegame positions it produces.
Now I hardly get an advantage in the opening against good opponents, but after the opening I know what to do very well, and I enjoy my games more.
A few remarks about the opening lines the book suggests:
a) after 1. d4 d5 2. Nf3 Nf6 3. e3 e6 4. Bd3 c4 Summerscale suggest 5. b3 ..., the Colle-Zukertort System. Don't underestimate this opening! It is played quite frequently by GM Artur Yusupov, and if a player of this calibre play the opening, well ... I can definely trust in it!
b) after 1. d4 Nf6 2. Nf3 g6 Summerscale suggest 3. Nc3 d5 4. Bf4 ..., the Barry Attack. This is a very exciting opening system, likely to caught the "unaware but always thrustfull" KID player in obscure territory. Even the line suggested by (the great) Joe Gallagher in his "Beating the Anti King's Indian" maybe let black to almost equalize, but brought the game on a positional ground which is certainly not what the KID player wants. And if the KID aficionado don't know the line really well... the white fun will start!
c) against the Pirc/Modern (What? The Pirc? But I play 1. d4 ...! Ok, but after 1. d4 g6 or 1. d4 d6 you MUST play 2. e4 ...!) Summerscale suggest the "150 Attack". I don't like the name, but the name is the only thing I don't like, and since Peter Leko agrees :-) I'm convinced as well! Learn to play well the "150 Attack" and you will find your opponents to change their repertoire! (BTW even Alburt and Chernin, in their "Pirc Alert!", the bibble of the Pirc, treat the "150" setup with great respect)
d) against the Benoni Summerscale suggest a line with d5, stating the Colle-Zukertort to be not quite good since black can delay ...d5! I prefer to stick to the Colle, even if this time I prefer the Koltanowski variation, which is not covered in the Summerscale book (if you are interested, I can suggest "The Ultimate Colle" by Gary Lane)
e) against the Dutch, Summerscale suggests 2. Bg5.... Leaving apart that this line can be completely ruled out by the move order 1. d4 e6! (the exclamation mark assumes black wants to follow-up with 2. ... f5, being ready for a French after 2. e4 ...), I'm sorry but I don't know very well this chapter because I play the Dutch myself as black and when faced with it as white I prefer one of the main lines. If you have no time to spend on the main line Dutch, then I think 2. Bg5... is a good choice, but you have to find something after 1. d4 e6 2. Nf3 f5.
f) against the Queen's Indian, again Summerscale opts to leave apart the Colle-Zukertort since black can avoid ...d5 for as long as he wishes. Ok, but I don't want to learn a new line, and following a suggestion from Mr.Lane's book (see above) I stick to the Colle-Zukertort nevertheless.
To summarize, five starts for a great book which teaches you how to study openings, and give you a very good system to start.
This book has some great ides in it, butttttt.......2005-07-10
The home work was not done 100% for this book.
The main theme of the book is the 150 attack and the Barry Attack. Now the Barry Attack is a facinating idea vs Grunfeld and Kings Indian Players.
The problem of the book it does not mention the main line of the Barry I feel. 1.d4 Nf6 2.Nf3 g6 3.Nc3 d5 4.Bf4 Bg7 5.e3 0-0
6.Be2 c5 7.d:c Qa5 8.Nd2 Now why this book does not mention this line of the Barry is just beyond me. I feel this is by far whites best way of getting an advantage. Not the Ne5 stuff the book suggests.
But the book has some awesome ideas in it! But you need to study them on your own from other sources.
Killer Chess Opening Repertoire.......2005-02-18
Opening repertoire books for white are a tricky proposition for a chess author. It is more common to find repertoire books for the black pieces - often based around a particular first move which thereby ensures that whatever white's continuation, the game will be channelled for at least a few more moves in the system of black's choosing. I am thinking, for example, of Yrjola & Tella's excellent 'Explosive Opening Repertoire for Black' in which 1 ... d6 is played against any white opening move. The difficultly is that a white repertoire must be able to cope with a vast variety of black responses - from the Nimzovitch (1 ... Nc6) to the Modern (1 ... g6) and everything in between - yet must not overwhelm the reader by presenting endless variations. Yet there are some successes in presenting a repertoire for the white player - Kosten's 'Dynamic English', Palliser's 'Play 1.d4!' and this book by Summerscale.
In many ways, for the average player, I would opine that this book is the better choice. Summerscale presents a queen pawn repertoire with an emphasis on quick development and an attacking set up. Kosten's book, while very well written, advocates quite a sophisticated set up requiring reasonable positional knowledge. Palliser's book is very good, and he presents a solid repertoire using the theoretical best move for white 2.c4, but it is also very comprehensive and thus requires a lot of time to study.
By not playing 2.c4 white, in theory, is not pressuring black quite as much - but there are compensating advantages. The most obvious is that the amount of study required is drastically reduced. Another is that white tends to remain in the system of their choosing. Less obviously, these systems lend themselves well to a style of play based on attacking, straightforward chess which is simply quite fun to play. I would recommend - in fact I would say it is essential - reading Vukovic's classic 'Art of Attack in Chess' if you wish to adopt this repertoire in order to get the most out of the aggressive setups you will (hopefully) obtain.
But let's not get carried away here. These systems, while easy to learn, can certainly be countered by black. Black can equalise without too much difficultly if they know what they are doing. On the other hand, even the theoretically best openings played in master games usually end up with only a small advantage to white.
In my opinion, a more serious defect is in the presentation of the repertoire. The 'complete game' format - while often touted as enabling better comprehension of an opening - also makes it far more difficult to spot holes in the system. For example, I compared the system that Summerscale advocates against the Pirc (150 Attack) with the lines given in the Yrjola & Tella book, which uses the Pirc (in Summerscale's book, you reach the 150 attack by 1.d4 d6 2.e4). In the main line, around move 5, the move given by Yrjola & Tella is simply not considered. Nothing, no mention and its a good move (which I won't disclose - in case you ever use the 150 attack against me in internet chess!). As black, I certainly would not fear the 150 attack based on what I have seen in the Summerscale book. However, this only confirms the point I made above - black can equalise if they know what to do. I guess using this book is about trade offs - you study less, and your games are probably more fun if you find attacking fun, but you have less chance of a lasting advantage against a good player.
Physically, this an attractive book. High quality paper, nice typesetting and I like the graphic design on the cover.
Overall then Summerscale presents a repertoire that is easy to learn and fun to use, with a few holes which you may be able to plug using other sources. A parting thought - as other reviewers have noted, some of Summerscales lines are less effective against black's indian systems. Have you considered the Trompowsky (1.d4 Nf6 2.Bg5)? It is also an attacking line that is fun to play, and in conjunction with Summerscale's book will broaden your repertoire.
Average customer rating:
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Killer Chess (Boxed Set)
Dover
Manufacturer: Dover Publications
ProductGroup: Book
Binding: Paperback
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ASIN: 0486446131 |
Book Description
Go from being a good player to a lethal one! Includes:
• Danger in Chess: How to Avoid Making Blunders by Amatzia Avni
• How Good Is Your Chess? by Daniel King
• Why You Lose at Chess by Tim Harding
• Travel-sized folding magnetic chess set
Customer Reviews:
Fun and Instructive.......2006-02-09
I like this book. I'm not done with it yet because it's huge and with tactics books I like to flip around a lot. It has the major tactical themes that can come up in your chess games, combined with a little bio of the great players whose tactics they illustrate. They make the book fun because they set the stage for each tactic with dramatic/colorful dialogue, and then ask you to step into the footsteps of the legends of the game and find the solution. The book also provides little tidbits of information like why the opponent's move was good or bad during a particular game and little idiosyncracies about the game and/or players. The only reason I didn't give this book 5 stars was because sometimes they put the solutions in a non-user friendly place so it sometimes became a laborious chore to find the answers. Overall, an entertaining and educational chess book.
Very Disappointing.......2003-12-07
The bird's eye view of this book was very promising, but beyond the initial 15 minutes of enchantment in the bookstore, this book turned out to be very disappointing. I exchanged it a day later for Lev Albert's "Chess Tactics for the Tournament Player."
I have just begun playing in a club against real people and am looking to elevate my game but am ranked around 1450-1500 on yahoo (probably less in "real life") The first book I read, Purdy's "Guide to Good Chess" contained a good overview of tactics, introducing concepts such as Pin, Fork, Skewer, Discovered Attack, etc. which I have been using in my games.
Looking at the table of contents, this book looks to be a treasure trove of tactics, at 400+ pages and introducing such tactics as the "windmill" and "alkeins cross", looks very promising.
The reader quickly realizes that each of these tactics is just an "extension" or sub-class of the primary tactics in everyone's vocabulary. The windmill is just a succession of discovered attacks (usually the result of a blunder.) wow.
I was hoping that the book would be instructive on tactics, but the examples only help to define this new vocabulary by showing the last few moves of some master's game where he used the tactic to good effect. In fact that is all this book is. For each tactic, it shows a few moves from a master's game where the tactic was used. Well duh, I have used them in my own games. At least now I know cool sub-names for them. I wonder if schiller invented these names?
I believe it would be much more instructive to view the series of moves leading up to the illustrated tactics, because being able to identify and set up the situation is much more useful than seeing the trap that is about to be sprung. I recently purchased a chess program (fritz 8) that has a database of games which can be sorted by tactic. So you can view entire master games based around use of a particular tactic. Why spend $25 on a book that is just selective regurgitation of master level games (with very little annotation), when for $10 more you can have a world-class chess engine with a database that sorts entire games by tactic? Maybe I'm missing the point.
The book does have a nice cover and a promising title. I have appreciated some of the Cardoza books written by Robertie including "Basic Endgame Strategy, Kings Pawns, and minor pieces", but this book does not have the same instructive feel. I am not biased against non-mainstream books or Schiller, its just that this book does not seem useful.
I appreciate that it is difficult to make a career out of playing chess, but dont write a book when there is nothing new to say.
SAVE YOUR MONEY.......2003-10-31
While I would not say outright that "almost anything written by Eric Schiller is rubbish," that statement is probably much closer to the truth than its opposite. Those I have seen are so sloppy that they almost seem to be deliberately mutilated. Missing moves, illegal moves, faulty diagrams, invalid assessments, suspect analysis, and ignorance of recent (or even old) ideas and discoveries, are all too frequent. Grammatically, Schiller fails in such simple tasks as subject-verb agreement and spelling of common words; apparently he does not even bother to use the automatic spell-check today's word processors offer. His work is thick with historical error and dogged by questions of fabrication, plagiarism, and other ethical issues.
Schiller may have written some worthwhile books, but on the whole he does a disservice to the chess public, keeping better books off the shelves by the sheer volume of his hackwork. Being a club level player I rely on the reviews of others I trust when I purchase a chess book. The lure of a quick buck is strong and I fear it is a temptation Mr. Schiller cannot resist.
Average customer rating:
- Grob the great,
- :~-( Bad idea !!
- Grobs the Attention
- Very Fun
- The gross Grob -- defending the indefensible
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The Killer Grob (Pergamon Chess Series)
Michael Basman
Manufacturer: Cadogan Books
ProductGroup: Book
Binding: Paperback
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ASIN: 0080371310 |
Customer Reviews:
Grob the great, .......2005-04-14
This opening is very strong, in the right hands... its clearly not for everyone, it has it all, it can be played as a closed position, semi closed, or open. "what more do you want"
Very! Very! Fun. it will be part of my repertiore for life
Long live THE KILLER GROB.
:~-( Bad idea !!.......2001-08-01
Many people are impressed by the fact that IM Michael Basman win by playing stuff like sct. georges defense, the global opening (1. a3 2. h3) and finally, the GROB (1.g4). HOWEVER, I am personally of the opinion, that if you as a mediocre 12-1400 player look at these openings and think that they're all that, and play 'em, you will learn your lesson ! The Grob Opening is probably the WORST opening on the board, except for the EVANS BLASTOFF (1. h4), seeing they both severely weaken the kingside. IM Michael Basman may play these openings - and win!- but it is not thanks to some strange opening that he wins, he is a strong middlegame and endgame player, and that pays off. Finally there's the so called "psychological effect" which one might aim at, like one might aim at catching a meteor with one's tongue. My advice is play solid and safe ! If you are going to play agressive play 1. e4, but of course 1. d4 can also be very aggressive. Do this, seeing they are just as aggressive, instead of playing silly, weird and unsound openings. And remember, you see so many games with Basman winning with these crazy attempts of openings, but you never see the one's where he loses... Wonder why?? Well let me just tell you, he does not go down in style...
Grobs the Attention.......2001-03-10
Basman's Grob book is a fun read, with real-life wins so bizarre they seem to come from a fantasy chess game. One leaves this book convinced that one should add the Grob to one's blitz repertoire. Although Basman spends a fair bit of time trying to explain the theory, the "ideas behind the opening" sections of the book just don't hold up as well--but is this Basman's fault, the reader's lack of subtlety (I'm only a B player), or the simple that fact that the Grob, while immense fun, does not really line up as a good old fashioned linear opening? I'm not sure.
I love unorthodox openings, and I cannot deny the fun this book injects into chess with the Grob. But I think I'll stick to the Lengfellner System, and leave the Grobmaniacs to their party!
Very Fun.......2000-08-24
Published in 1991, this 170 page book has more entertainment value than actual solid positional play. IM Michael Basman has won a number of Master games with it, so regardless of Raymond Keene's opinion on this being a horrible opening, The Grob is not without logic. If you're looking for something different, this is definately it, as 1.g4 or as Black 1.e4 g5 (1.d4 h6, 2.e4 g5) can be a great 'shock value' opening for the intermediate and club player. I have won with this opening many times, but i will admit, i can't see it being a major part of my opening repertoire. It would be nice if Basman wrote a follow-up to this book for more current treaments, as well as the Gambit line of 1.g4 d5, 2.Bg7 Bxg4 which is not addressed here. This book will not appeal to all, but i am the type of player that loves to throw 'odd' lines at my opponent. There's also a small section of 3 games touching on the 'Global Opening' which deals with 1.h3 and 1.a3 or 1.h6 and 1.a6 for Black. I would like to see Basman write a book with more detailed analysis of this as well. In closing, i have to give this book 5 stars, partially because it's not as bad (at least at the intermediate level) as most people think, and it's extremely entertaining. Many people i have faced comment on how much they hate facing the Grob quite simply because they are unsure how to play against it. Most people are not 'serious' chess players, so why not go for a little gusto now and then?
The gross Grob -- defending the indefensible.......1999-12-13
None other than three-times world champ Botvinnik had a high opinion of the young Basman in the 60s, saying that he reminded him of Simagin.
Now Basman is achieved notoriety by advocating the antipositional Grob. A cynic might claim that this gives him a win-win situation -- if he wins, the game is heralded, while if he loses it's put down to his choice of opening (I think a GM has made this point but I can't recall who).
Indeed, Basman is an International Master so is a strong player, so is bound to have netted some scalps.
In the 1992 New Zealand Championship, the defending champion played the Grob (or reversed Grob) in every game. He was clearly strong enough to extricate himself sometimes from a number of the messes he got himself into. But still he scored only 50% although he would clearly have been one of the favorites, and this was flattering for the opening.
In a review of the opening in Spectator some years ago, Grandmaster Raymond Keene claimed that the Grob had to about the worst first move on the board, except maybe h4. It does nothing for development or the center, commits more time to be lost by h3 in Basman's line, and weakens the K-side. And Keene backed up his judgement by a severe thrashing of Basman, which he noted was unlikely to appear in pro-Grob books ...
I couldn't give a book only one star, when it has such entertainment value, and might even help a few club players net some points. But be warned: the novelty will wear off, and it will be necessary to learn a proper opening.
When I see the opening used in 2600+ events, then I might revise my opinion. I really doubt that I'll need to change my mind.
Book Description
This comprehensive book on bonds takes a practical real-world approach to the subject, and includes a detailed discussion of each type of bond including a wide range of products. Specific chapter coverage discusses not only the instruments, but their investment characteristics, the state-of-the art technology for valuing them, and portfolio strategies for using them. For portfolio managers, fixed income trades, and salespeople.
Customer Reviews:
Don't be misled by the title........2007-03-19
I purchased this book with a lot of expectations. But this book contains neither analysis nor strategies. It only contains glossary of terms used in various Bond markets. Don't be fooled by the planted reviews :)
I reviewed this book for the publisher (prior edition).......2004-04-22
I was a major peer reviewer for the publisher of "Bond Markets, Analysis and Strategies," and have used it several times (perhaps as many as 10 semesters) for both undergrads and MBAs. I have no incentive to give this book any particular rating, but I HIGHLY RECOMMEND IT TO EITHER PRACTITIONERS AND ACADEMICS, AS IT IS AN EXCELLENT TEXT! There are very few weaknesses, and I disagree with most of those cited by the other reviewers listed here. It is clear, concise, loaded with examples, and beautifully written. It is also closely tied to real-world practice without sacrificing the mathematical modeling. Of course, it is no high-level bond pricing text, but it is not supposed to be--it is a broad introduction to bond markets. As such, it succeeds remarkably. In fact, I often refer to it to refresh my own understanding of the structure and pricing of these markets.
I highly endorse it, and will continue using it.
Lots of Jargon.......2002-11-06
I am a senior majoring in finance at the Curtis L. Carlson School of Management, at the University of Minnesota-Twin Cities. I just got done taking a bond course called: Financial Markets and Interest Rates. For the class we used this text book. Although it is a well-rounded book on bonds, it is very hard to understand if you do not have other examples describing what is going on. My professor who holds an MBA had alternative notes on Microsoft PowerPoint made for us to supplement the hard to understand text. The examples do not fully give a clear idea of what is happening, especially to the beginner learning bonds. I would rate this book 2/5 stars and would look elsewhere for an easier type of book, perhaps a tutorial. This book is used at high level universities including mine and Princeton University. Fabozzi is not fooling around when displaying info on bonds.
Excellent introduction to Bond Markets - VERY well written.......2002-06-15
If you think of this as an introductory book to the world of Bonds rather than a field manual for professionals you will find this to be a wonderful book. I find it to be engagingly written (yes, engaging!) with well-chosen examples. It is very nice to be able to read a book about Bonds and find it stimulating. It would have been easy to write a book that could act as a sleep-aid. Instead, this book provides learning objectives for each chapter and the prose is so inviting that I felt the book to be a page-turner.
The math used is not complicated and is chosen to help understanding rather than demonstrate the sophisticated math used in the actual world of bond trading. If you want that kind of material this isn't the book for you.
I don't know if there is a solutions manual available, but I couldn't find it. If there isn't, there should be. I have never had a college course that used the problems in the book for actual coursework and yet, no matter how simple the problems seem, it is nice for the student to be able to confirm that he or she has indeed found the right answer.
There are also many helpful footnotes that point to materials for further and deeper reading on the subjects introduced in this fine book.
A lot of hand waving, but does help.......2002-04-04
A little too wordy, but as a management text, I guess its a prerequisite. It covers the gamut of fixed income securities, but only approaches the problems deterministically. The first thirteen chapters are "text" chapters, with the real math starting in chapter 14. However, the math used is elementary, and will not be of much help in the real world. For the fixed income math portion look into "Bond Pricing and Portfolio Analysis" by Olivier de La Grandville.
For a first course in bonds, and if the student has no prior background, this book will indeed be useful. But, for advanced students the book mentioned above should be more insightful.
Book Description
Trying to trade stock, bond, commodity and currency markets without intermarket awareness is like trying to drive a car without looking out the side and rear windows—very dangerous. In this guide to intermarket analysis, the author uses years of experience in technical analysis plus extensive charts to clearly demonstrate the interrelationshps that exist among the various market sectors and their importance. You'll learn how to use activity in surrounding markets in the same way that most people employ traditional technical indicators for directional clues. Shows the analyst how to focus outward, rather than inward, to provide a more rational understanding of technical forces at work in the marketplace.
Customer Reviews:
Must Read.......2006-04-13
This is a book that everyone should read. Even if you don't trade this is a great book about economics and will help anyone to understand what moves the markets and why. There are numerous charts in this book comparing different markets to each other in a plain easy to understand format. As a technical book goes this one is easy to comprehend will give the reader a much greater knowledge of the markets and the economy in general. As a trader myself this is one of the best books out on this subject I know of and one of the best books I have read on trading period. As an example a few years ago lots of economists were talking deflation. If you had of read this book you would have known that we were not heading into a period of deflation but inflation. What is presented in this book is not an exact science but will give the reader insight to what the future economic situation will be.
If you liked this book, you'll love his new book...........2004-01-09
Those who were reluctant to accept the benefits of intermarket analysis after reading Intermarket Technical Analysis (1991) will find making the paradigm shift much easier after reading his latest book published in February 2004 called Intermarket Analysis. Murphy has the benefit of some monumental market events in the last three decades to demonstrate his case and he uses them to great effect.
As John pointed out in an interview for Stocks & Commodities magazine I did with him in December 2003, it was his original goal to write the quintessential intermarket book but then found the topic so involved that each chapter could have become a book. There is just so much to discuss. Attempting to cover anything but a small snippet in a review is sheer folly. It is also impossible to do the book justice.
Markets have become so interdependent in the last decade, a correlation that continues to strengthen with time. If those who suffered financial ruin between 2000 and 2002 had read Intermarket Technical Analysis, how many of them could have avoided huge losses and even profited from what occurred? We will never know for sure but is it a risk they anyone can afford to take, especially when considering that the cost of avoidance (cost of the book) is less than $50? For those serious about making money in the market and keeping it, his new book, Intermarket Analysis is an absolute must!
Matt Blackman - Technical writer/review and regular contributor to Technical Analysis of Stocks & Commodities Mag, Traders Mag (Europe), Working Money, Traders.com Advantage, SFO Magazine
The textbook on market forecasting.......2003-11-05
You'll learn a lot from this book. Most investors sit obsessively focused on the market averages. They'll cut on their TV and see the ticker on CNBC be in the green and feel elated or else they'll see it red and get worried. Murphy's book will show you how a study of the bond, currency, and commodities markets along with an analysis of the stock market will help you see the big picture and get a better feel for where the economy and all of the markets are going. The past 3 years has proven to us that just because the stock market has a rally doesn't mean we are on the verge of a big economic boom or a new bull market.
Murphy demonstrates how each of these four sectors interact with one another and the business cycles and if you can grasp the lessons he teaches you then you'll have a clearer understanding of what drives the financial markets. Once you understand these cycles you will be able to forecast the intermediate term trend of the markets. It really isn't that complicated.
The only negative about this book is that it reads like a textbook. It takes a theory of how these markets rotate with one another and demonstrates it with example after example. It takes work to get through the book, but the payoff is well worth it. In fact the lessons in this book are critical to anyone who wants to become a successful investor. In today's environment of rapid boom and bust in which market timing is critical they are more important than ever. Even though it is 10 years old, this is the best book on the subject.
Covers insights many miss.......2003-06-01
This book and its concept dwells into the area of the financial markets and how they affect each other. Its theory meshes with various other market theories in that if one market goes up, another may respond differently. This is one of the handful of books i would recommend to anyone beginning to get serious about the financial markets. I first picked this up in a state library, much to my amazement it was brand new and never borrowed, much like a lot of the information in it.
Badly needs updating & poorly executed.......2002-11-18
This book is old (1991) and does not cover the important
facet of sector rotation or how to intrepret this book into a meaningful stock play. Murphy in this book does not even hint at it, thus allot of this information is not truly useful. The concept is superb but the execution quite flawed.
Instead get the other Murphy book:Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications OR Martin Pring's new edition to his updated Complete Technical Analysis. Even Murphy's chapter in New Thinking in Technical Analysis: Trading Models from the Masters
was better than this book, despite its short 25 page conciseness.
Funnily his video on this topic DOES update the book and cover Sector Rotation so Murphy obviously is aware of the oversight.
This book is boring with no payoff. There is too much repitition with no real payoff (sector rotation); if you are truly interested in this important field of study look elsewhere.
Book Description
The Bond and Money Markets is an invaluable reference to all aspects of fixed income markets and instruments. It is highly regarded as an introduction and an advanced text for professionals and graduate students.
Features comprehensive coverage of:
* Government and Corporate bonds, Eurobonds, callable bonds, convertibles
* Asset-backed bonds including mortgages and CDOs
* Derivative instruments including futures, swaps, options, structured products
* Interest-rate risk, duration analysis, convexity, and the convexity bias
* The money markets, repo markets, basis trading, and asset/liability management
* Term structure models, estimating and interpreting the yield curve
* Portfolio management and strategies,total return framework, constructing bond indices
* A stand alone reference book on interest rate swaps, the money markets, financial market mathematics, interest-rate futures and technical analysis
* Includes introductory coverage of very specialised topics (for which one previously required several texts) such as VaR, Asset & liability management and credit derivatives
* Combines accessible style with advanced level topics
Customer Reviews:
OK, not so bad.......2007-06-18
Have read first 10 chapters to repeat basics of bond math, so the book is good in its breadth, what it lacks is section with solutions to end chapter excersices! it would be perfect with those solutions!
Bible.......2007-01-20
Explains basics-intermediate knowledge of bond markets. Eveen goes into basic understainding of fixed income trading strategy, if you want to work on a desk, in research,or are taking a fin-markets course, you will find this useful through your entire career.
The fixed income benchmark.......2004-03-12
This is the benchmark book on bonds and fixed income, it is very comprehensive and very reader-friendly. What I like about it is it covers everything. If I did not have this one book I would need 5 or 6 others instead. It covers bonds,pricing, duration, risk management, swaps, futurers, options, yield curve modelling, fund management, charting, and a whole lot more.As one endorsment says on the back: an encylopedia on bonds written like a thriller! Very good buy.
The only book you need on bonds and derivatives.......2004-01-23
Anyone with an interest in debt capital markets will still be referring to this book many years after purchasing it.
In-depth and original - great reference.......2004-01-23
This is an enclopaedic reference work on bonds and money markets, but written like a thriller. Oustanding work, great value and highly recommended to banker or student.
Customer Reviews:
Insightful commentary.......2002-09-12
Lederman and Sullivan have crafted an insightful review of the High Yield market in the early '90's.
Contributed chapters from thoughtful sources.
This is a MUST own for junk bond junkies.
Book Description
This digital document is an article from Manufacturing & Technology News, published by Publishers & Producers on November 4, 2003. The length of the article is 658 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Tech. policy point man responds to Grove's claim that U.S. has no strategy to deal with offshoring.
Publication:
Manufacturing & Technology News (Newsletter)
Date: November 4, 2003
Publisher: Publishers & Producers
Volume: 10
Issue: 20
Page: 8(1)
Distributed by Thomson Gale
Average customer rating:
|
Dynamic Asset Allocation: Strategies for the Stock, Bond, and Money Markets (Wiley Finance)
David A. Hammer
Manufacturer: John Wiley & Sons
ProductGroup: Book
Binding: Hardcover
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