Book : A Mathematician Plays The Stock Market - Paulos, John

-Titulo Original : A Mathematician Plays The Stock Market

-Fabricante :

Basic Books

-Descripcion Original:

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 readers 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 Pauloss tour through the irrational exuberance of market mathematics doesnt 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 is a self-fulfilling belief, 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 Buffets fundamental analysis with a grain of salt. Like Burton Malkiels 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. Review With accustomed humor and apt examples, Paulos tackles complex computations that are vaguely understood and frequently misapplied by Wall Street pros. About the Author John Allen Paulos is a professor of mathematics at Temple University. His books include the bestseller Innumeracy, A Mathematician Plays the Stock Market, and Irreligion. He lives in Philadelphia.