As many other reviewers have indicated, this book is verbose and poorly organized, and clearly not written by people trained in mathematics. It seems pretty clear that the book is also written FOR the idiots, er, I mean, MBAs who manage mutual funds and pension funds. A tell: the authors use the bizarre approximation

ln(1+x) = x (there is nothing bizarre about the approximation, but the use of the logarithm gives much simpler derivations of much more widely applicable results). Since everyone has a calculator with a ln button, and quantitatively inclined people can compute logs pretty quickly in their heads, this is an indication that the book is targeted to mathematically unsophisticated people. Not being one of these, I cannot tell if the book is useful for them. I can say that this is the second finance book I read (the first being an older edition of Hull's Options, Futures & Other Derivatives with Derivagem CD Value Package (includes Student Solutions Manual for Options, Futuresd Other Derivatives) (7th Edition), since my first finance project was developing a market impact model. Everything G&K had to say about market impact was either trivial or wrong, but they did refer to the very important paper of Almgren and Chriss. Read that, and be happier.

正如许多其他评论者所指出的，这本书冗长，条理不清，显然不是由受过数学训练的人写的。很明显，这本书也是为白痴写的，呃，我是说，管理共同基金和养老基金的mba。说明：作者使用了奇异的近似
ln（1+x）=x（近似没有什么奇怪的地方，但是使用对数可以得到更广泛适用的结果的更简单的推导）。因为每个人都有一个带ln按钮的计算器，而且有定量倾向的人可以在头脑中很快地计算日志，这表明这本书是针对数学上不熟练的人的。我不知道这本书对他们是否有用。我可以说，这是我读的第二本金融书籍（第一本是赫尔期权、期货和其他衍生工具的老版本，包括期权、期货和其他衍生工具的学生解决方案手册）（第7版），因为我的第一个金融项目是开发一个市场影响模型。关于市场影响，G&K所说的一切要么微不足道，要么是错误的，但他们确实提到了阿尔姆格林和克里斯的重要论文。读这篇文章，会更快乐。