In 1956 two Bell Labs scientists discovered the scientific formula for getting rich. One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr., a Texas-born, gun-toting physicist. Together they applied the science of information theory--the basis of computers and the Internet--to the problem of making as much money as possible, as fast as possible. Shannon and MIT mathematician Edward O. Thorp took the "Kelly formula" to Las Vegas. It worked. They realized that there was even more money to be made in the stock market. Thorp used the Kelly system with his phenomenonally successful hedge fund, Princeton-Newport Partners. Shannon became a successful investor, too, topping even Warren Buffett's rate of return. "Fortune's Formula "traces how the Kelly formula sparked controversy" "even as it made fortunes at racetracks, casinos, and trading" "desks. It reveals the dark side of this alluring scheme, which is" "founded on exploiting an insider's edge.""Shannon believed it was possible for a smart investor to beat" "the market--and "Fortune's Formula "will convince you that he was right.
威廉·庞德斯通(Williarm Poundstone),曾在麻省理工学院学习物理学,定居于洛杉矶。他为世界各地的报刊、杂志以及电视台撰稿,是《哈帕斯》杂志和《纽约时报书评》的长期撰稿人。庞德斯通己出版10部著作,其中包括《卡尔·萨根》、《囚徒的抉择》、《推理迷宫》、《大秘密系列》等,其中两部获普利策奖提名。
曾经看到五四运动时期的文青往事,有人精辟的概括为:“他们睡来睡去,组成了一个团体----文艺圈。” 这本书的台湾版叫《天才数学家的秘密赌局》,相比之下大陆版的书名颇有传销味,让人不小心就会错过这么精彩的数学金融史。除了性,所有的流行因素全齐活了,天才精英、金钱...
评分 评分曾经看到五四运动时期的文青往事,有人精辟的概括为:“他们睡来睡去,组成了一个团体----文艺圈。” 这本书的台湾版叫《天才数学家的秘密赌局》,相比之下大陆版的书名颇有传销味,让人不小心就会错过这么精彩的数学金融史。除了性,所有的流行因素全齐活了,天才精英、金钱...
评分看到之前有评论说这个书没有用,再看看那个人的阅读,就知道是基本面分析的行家,这门讲数量交易的历史书,当然对基本面行家没用。但是如果你是有意进入数量交易,绝对不能错过。 先说说我是怎么找到这本书的吧,也算是对最近我对数量交易的一个总结吧。跟所有人一样,我开头...
评分曾经看到五四运动时期的文青往事,有人精辟的概括为:“他们睡来睡去,组成了一个团体----文艺圈。” 这本书的台湾版叫《天才数学家的秘密赌局》,相比之下大陆版的书名颇有传销味,让人不小心就会错过这么精彩的数学金融史。除了性,所有的流行因素全齐活了,天才精英、金钱...
btw感觉Thorp的fund风格跟我司还有点像。。
评分太浮躁了,读书很少。还是阅读能给人带来片刻宁静。
评分max geometric mean; shannon's rebalance; delta hedging; does not work if your utility is extreme in the cases of big losses and wins; kelly和 CAPM的CML是不兼容的, 尤其在leverage上。
评分max geometric mean; shannon's rebalance; delta hedging; does not work if your utility is extreme in the cases of big losses and wins; kelly和 CAPM的CML是不兼容的, 尤其在leverage上。
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