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I have also been told many times it's hard for beginners. I myself am a beginner in stochastic calculus. I am learning it now and want to say that I feel quite comfortable with these books. So I know what my experience is. Give me one reason why the above courses covered cannot be enough for starting in mathematical sense. I purchased both books and the third one also "Stochastic calculus and finance" and they can be learned on the basis of calculus and statistics. If you don't agree then tell me if you have read any of them? If you mean there are contents from linear algebra, I would include it into calculus which is enough. It is very preferable to have some financial knowledge and understand investments theories and derivatives which I have covered and find it even more comfortable to learn these books on those grounds but I meant from mathematical point of view since I was discussing the criticism about the ways concepts are explained there - i.e. analytical way or through the examples. So I still suggest this book for beginners (as I am a beginner in this subject) having knowledge of statistics and calculus(including linear algebra).