Peter Leoni
Books
This list of books are ONLY the books that have been ranked on the lists that are aggregated on this site. This is not a comprehensive list of all books by this author.
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1. The Greeks And Hedging Explained
A concise, practitioner-oriented guide to option risk sensitivities and their use in building and maintaining hedges across both vanilla and exotic books. It explains delta, gamma, vega, theta, rho, and higher-order Greeks with clear intuition and minimal math, then applies them to dynamic hedging, P&L attribution, and risk management under discrete rebalancing, transaction costs, and model uncertainty. Realistic examples address volatility smiles and skews, vanna and volga, cross-gamma, correlation and forward risks, stress testing, and common pitfalls, providing practical tools for traders and risk managers.
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2. Freedom And The Law
An argument that individual liberty is best preserved when law develops spontaneously through custom and adjudication rather than being manufactured by legislatures. It warns that proliferating statutes and majority-driven policymaking erode predictability and invite coercion, undermining the rule of law. Through historical and comparative examples across civil and common law traditions, it illustrates how decentralized, case-based reasoning discovers norms that reflect social expectations. It urges legal systems to emulate market-like, bottom-up processes to better protect freedom and limit political power.