David Harper CFA FRM
- Options, Futures, and Other Derivatives by John Hull (10th Edition; but 9th or even 8th will suffice). Of course we love this classic, but with a caveat. This book is the essential introduction to derivatives, it has few peers (McDonald's Derivatives is the most notable). In the FRM Part 1, this is the single most important book; it represents the majority of the Financial Markets and Products topic (P1.T3). The caveat is that, once again, the latest edition is overall a very minor upgrade. On the fundamentals, this edition is highly similar to even the 8th edition; for example, the EOC practice questions appear to be largely the same. We note this only because the book is expensive, my 10th edition cost me $182.00, I sort of expected more new material. It's an AWESOME book, don't get me wrong, but unless you specifically know why you need the update, you probably don't need the the very latest version. (Nicole specifically requested a list of the new and/or updated EOC questions from them, because I really don't see them. Hull kindly replied but said they don't have such a list.)
- R for Excel Users: https://leanpub.com/r-for-excelusers/ (leanpub.com) or here on Amazon here it earns an almost-perfect 4.8/5.0 stars. Why do I love it? Because of the gentle introduction, this is overall very basic. A lot of us in finance have mad Excel skills but are intimidated by real programming (code). This is a great place to start!