Review Kelly Capital Growth Investment Criterion: Theory and Practice by LEONARD MACLEAN, EDWARD THORP, and WILLIAM ZIEMBA Description A modern take on a classic concept, Kelly Capital Growth Investment Criterion gives a fresh presentation of fortune’s formula. It contains significant papers with a critical view of the Kelly criterion. The integration of theory and practice feature adds value to the …
Review Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win by STEVEN S. SKIENA Description This book follows the story of how Steven Skiena predicted the results of jai-alai matches by using computer simulations and mathematical modeling techniques. After predicting the outcome, he bet on them and maximized his initial stake by up to 500% in only one year. Skiena …
Review The Research Driven Investor: How to Use Information, Data and Analysis for Investment Success by TIMOTHY HAYES Description The high volatility innate in market structure contributes to the taxing and complicated experience that the majority of investors face. To minimize the difficulty that investors commonly encounter, The Research Driven Investor provides straightforward and clear examples of different investment frameworks. …
Review Manias, Panics, and Crashes: A History of Financial Crises by CHARLES KINDLEBERGER Description Charles Kindleberger takes on financial crises and gives a historical account of its beginning and continued existence in the modern age. In this book, the volatility of the financial markets is exploited to identify patterns and tendencies as Kindleberger intricately probes on financial crises. Unearth unknown …
Review Unholy Grails – A New Road to Wealth by NICK RADGE Description Lose money—who wants that? Doing so is easy, especially when you follow common thought. Trader and stockbroker, Nick Radge learned this the hard way (but what way could be better?) That is why Nick strayed from the herd and decided to tread the road less traveled. His …
Review Pit Bull Lessons from Wall Street’s Champion Day Trader by MARTIN S. SCHWARTZ Description Pit Bull: Lessons from Wall Street’s Champion Day Trader introduces readers to the personal life and world of Martin “Buzzy” Schwartz, the legendary genius and champion whose impalpable investment skills, knowledge, and principles made him the man of Wall Street. After his legendary feat in …
