From America's wittiest writer on mathematics, a lively and insightful book on the workings of stock markets and the basic irrationality of our dreams of wealth. Can a renowned mathematician successfully outwit the stock market? Not when his biggest From America's wittiest writer on mathematics, a lively and insightful book on the workings of stock markets and the basic irrationality of our dreams of wealth. Can a renowned mathematician successfully outwit the stock market? Not when his biggest investment is WorldCom. In *A Mathematician Plays the Stock Market*, best-selling author John Allen Paulos employs his trademark stories, vignettes, paradoxes, and puzzles to address every thinking reader's curiosity about the market-Is it efficient? Is it random? Is there anything to technical analysis, fundamental analysis, and other supposedly time-tested methods of picking stocks? How can one quantify risk? What are the most common scams? Are there any approaches to investing that truly outperform the major indexes? But Paulos's tour through the irrational exuberance of market mathematics doesn't end there. An unrequited (and financially disastrous) love affair with WorldCom leads Paulos to question some cherished ideas of personal finance. He explains why "data mining" often leads to self-fulfilling beliefs, why "momentum investing" is nothing more than herd behavior with a lot of mathematical jargon added, why the ever-popular Elliot Wave Theory cannot be correct, and why you should take Warren Buffet's "fundamental analysis" with a grain of salt. Like Burton Malkiel's *A Random Walk Down Wall Street*, this clever and illuminating book is for anyone, investor or not, who follows the markets-or knows someone who does. ...Continua

A Mathematician Plays the Stock Market

Ha scritto il 09/09/08

From the sheer fact that the author keep buying one stock only, and this stock is WorldCom... we may simply call this book "A Mathematician Played by the Market".
Some very interesting and important mathematical tools and concepts are discussed in th

From the sheer fact that the author keep buying one stock only, and this stock is WorldCom... we may simply call this book "A Mathematician Played by the Market".

Some very interesting and important mathematical tools and concepts are discussed in this book.

1. Arithematic Mean vs Geomatric Mean

...ContinuaA Mathematician Plays the Stock Market

Ha scritto il 29/03/08

A book about how an scholar attempt to win the stock market. Including, probability, chart diagram, statistic approach, Monte Carlo and fundamental analysis.
You cannot find the sure-win strategy. But you can find the incapability of each approach. I

A book about how an scholar attempt to win the stock market. Including, probability, chart diagram, statistic approach, Monte Carlo and fundamental analysis.

You cannot find the sure-win strategy. But you can find the incapability of each approach. If you're logical person and increase in math, you will find this book quite interesting.

...ContinuaA Mathematician Plays the Stock Market

Ha scritto il 04/03/08

The synopsis starts with: "Could a maths expert outwit the stock market and make millions? John Allen Paulos, one of the world’s most renowned mathematicians, decided there was only one way to find out: to take a gamble on the investment game himself

The synopsis starts with: "Could a maths expert outwit the stock market and make millions? John Allen Paulos, one of the world’s most renowned mathematicians, decided there was only one way to find out: to take a gamble on the investment game himself. But he soon discovered that even a maths guru can’t beat the market, and making the numbers add up was far harder (and more addictive) than he could ever have imagined."

He who wrote this synopsis obviously had not read the book, otherwise he would have known that Paulos plunged into the stock market and lost spectacularly, before writing this book partly to examine what and why he did wrong.

...ContinuaA Mathematician Plays the Stock Market

Ha scritto il 20/09/06

I couldn't finish it. As smart as the author is, his probabilistic analysis of capital markets does not ring true to me. Yes, from a purely academic point of view, the markets can be random and utterly unpredictable - but we all know in reality that

I couldn't finish it. As smart as the author is, his probabilistic analysis of capital markets does not ring true to me. Yes, from a purely academic point of view, the markets can be random and utterly unpredictable - but we all know in reality that markets are not perfect and smart investors really can play the markets. I cannot distinguish the author's nifty analyses from what people study in college, i.e. theories that are branded as largely useless in the real world.

...Continua
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