A Mathematician Plays The Stock Market

Author: John Allen Paulos,John Paulos

Publisher: Basic Books

ISBN: 0465009700

Category: Science

Page: 224

View: 1407

In A Mathematician Plays the Stock Market best-selling author John Allen Paulos demonstrates what the tools of mathematics can tell us about the vagaries of the stock market. Employing his trademark stories, vignettes, paradoxes, and puzzles (and even a film treatment), Paulos addresses every thinking reader's curiosity about the market: Is it efficient? Is it rational? 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? What light do fractals, network theory, and common psychological foibles shed on investor behavior? Are there any approaches to investing that truly outperform the major indexes? Can a deeper knowledge of mathematics help beat the odds?All of these questions are explored with the engaging erudition that made Paulos's A Mathematician Reads the Newspaper and Innumeracy favorites with both armchair mathematicians and readers who want to think like them. Paulos also shares the cautionary tale of his own long and disastrous love affair with WorldCom. In the tradition of Burton Malkiel's A Random Walk Down Wall Street and Jeremy Siegel's Stocks for the Long Run, this wry and illuminating book is for anyone, investor or not, who follows the markets-or knows someone who does.
Posted in Science

A Mathematician Plays The Stock Market

Author: John Allen Paulos

Publisher: Hachette UK

ISBN: 0465009700

Category: Science

Page: 224

View: 8610

In A Mathematician Plays the Stock Market best-selling author John Allen Paulos demonstrates what the tools of mathematics can tell us about the vagaries of the stock market. Employing his trademark stories, vignettes, paradoxes, and puzzles (and even a film treatment), Paulos addresses every thinking reader's curiosity about the market: Is it efficient? Is it rational? 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? What light do fractals, network theory, and common psychological foibles shed on investor behavior? Are there any approaches to investing that truly outperform the major indexes? Can a deeper knowledge of mathematics help beat the odds?All of these questions are explored with the engaging erudition that made Paulos's A Mathematician Reads the Newspaper and Innumeracy favorites with both armchair mathematicians and readers who want to think like them. Paulos also shares the cautionary tale of his own long and disastrous love affair with WorldCom. In the tradition of Burton Malkiel's A Random Walk Down Wall Street and Jeremy Siegel's Stocks for the Long Run, this wry and illuminating book is for anyone, investor or not, who follows the markets-or knows someone who does.
Posted in Science

A Mathematician Plays the Market

Author: John Allen Paulos

Publisher: Penguin Books

ISBN: 9780141012032

Category: Gambling

Page: 208

View: 4052

Paulos offers a hillarious account of how the stock market both follows and defies mathematical principals. He offers an enagaing overview of everything from "betas" to the efficient market hypothesis.
Posted in Gambling

A Mathematician Reads the Newspaper

Author: John Allen Paulos,John Paulos

Publisher: Basic Books

ISBN: 0465050670

Category: Mathematics

Page: 240

View: 9982

In this lively volume, mathematician John Allen Paulos employs his singular wit to guide us through an unlikely mathematical jungle—the pages of the daily newspaper. From the Senate and sex to celebrities and cults, Paulos takes stories that may not seem to involve math at all and demonstrates how mathematical naïveté can put readers at a distinct disadvantage. Whether he’s using chaos theory to puncture economic and environmental predictions, applying logic to clarify the hazards of spin doctoring and news compression, or employing arithmetic and common sense to give us a novel perspective on greed and relationships, Paulos never fails to entertain and enlighten.
Posted in Mathematics

Mathematics and Humor

A Study of the Logic of Humor

Author: John Allen Paulos

Publisher: University of Chicago Press

ISBN: 9780226650234

Category: Mathematics

Page: 124

View: 4334

John Allen Paulos cleverly scrutinizes the mathematical structures of jokes, puns, paradoxes, spoonerisms, riddles, and other forms of humor, drawing examples from such sources as Rabelais, Shakespeare, James Beattie, René Thom, Lewis Carroll, Arthur Koestler, W. C. Fields, and Woody Allen. "Jokes, paradoxes, riddles, and the art of non-sequitur are revealed with great perception and insight in this illuminating account of the relationship between humor and mathematics."—Joseph Williams, New York Times "'Leave your mind alone,' said a Thurber cartoon, and a really complete and convincing analysis of what humour is might spoil all jokes forever. This book avoids that danger. What it does. . .is describe broadly several kinds of mathematical theory and apply them to throw sidelights on how many kinds of jokes work."—New Scientist "Many scholars nowadays write seriously about the ludicrous. Some merely manage to be dull. A few—like Paulos—are brilliant in an odd endeavor."—Los Angeles Times Book Review
Posted in Mathematics

Investment Blunders of the Rich and Famous-- and what You Can Learn from Them

Author: John R. Nofsinger

Publisher: FT Press

ISBN: 0130668419

Category: Business & Economics

Page: 302

View: 3464

We are all human, especially when we are investing, and that goes for the big guys too. Dispassionate economic theories say nothing about the emotional decisions we make - or the financial disasters they can cause. In this text, one of the world's leading experts on investor psychology deconstructs spectacular failures from the world's most prominent investors. They ought to have known better, but they didnt. They let overconfidence, hubris, greed or shortsightedness get the best of them. Chances are, you're making some of the same mistakes right now.
Posted in Business & Economics

The Quants

How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It

Author: Scott Patterson

Publisher: Crown Business

ISBN: 9780307453396

Category: Business & Economics

Page: 352

View: 8570

With the immediacy of today’s NASDAQ close and the timeless power of a Greek tragedy, The Quants is at once a masterpiece of explanatory journalism, a gripping tale of ambition and hubris, and an ominous warning about Wall Street’s future. In March of 2006, four of the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with million-dollar stakes, but those numbers meant nothing to them. They were accustomed to risking billions. On that night, these four men and their cohorts were the new kings of Wall Street. Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the quants. Over the prior twenty years, this species of math whiz--technocrats who make billions not with gut calls or fundamental analysis but with formulas and high-speed computers--had usurped the testosterone-fueled, kill-or-be-killed risk-takers who’d long been the alpha males the world’s largest casino. The quants helped create a digitized money-trading machine that could shift billions around the globe with the click of a mouse. Few realized, though, that in creating this unprecedented machine, men like Muller, Griffin, Asness and Weinstein had sowed the seeds for history’s greatest financial disaster. Drawing on unprecedented access to these four number-crunching titans, The Quants tells the inside story of what they thought and felt in the days and weeks when they helplessly watched much of their net worth vaporize--and wondered just how their mind-bending formulas and genius-level IQ’s had led them so wrong, so fast.
Posted in Business & Economics

Stock Market Math

Essential Formulas for Selecting and Managing Stock and Risk

Author: Michael C. Thomsett

Publisher: Walter de Gruyter GmbH & Co KG

ISBN: 1501507362

Category: Business & Economics

Page: 283

View: 9413

Stock Market Math shows you how to calculate return, leverage, risk, fundamental and technical analysis problems, price, volume, momentum and moving averages, including over 125 formulas and Excel programs for each, enabling readers to simply plug formulas into a spread sheet. This book is the definitive reference for all investors and traders. It introduces the many formulas and legends every investor needs, and explains their application through examples and narrative discussions providing the Excel spreadsheet programs for each. Readers can find instant answers to every calculation required to pick the best trades for your portfolio, quantify risk, evaluate leverage, and utilize the best technical indicators. Michael C. Thomsett is a market expert, author, speaker and coach. His many books include Mathematics of Options, Real Estate Investor's Pocket Calculator, and A Technical Approach to Trend Analysis. In Stock Market Math, the author advances the science of risk management and stock evaluation with more than 50 endnotes, 50 figures and tables, and a practical but thoughtful exploration of how investors and traders may best quantify their portfolio decisions.
Posted in Business & Economics

A Numerate Life

A Mathematician Explores the Vagaries of Life, His Own and Probably Yours

Author: John Allen Paulos

Publisher: Prometheus Books

ISBN: 1633881199

Category: Mathematics

Page: 200

View: 2546

Employing intuitive ideas from mathematics, this quirky "meta-memoir" raises questions about our lives that most of us don't think to ask, but arguably should: What part of memory is reliable fact, what part creative embellishment? Which favorite presuppositions are unfounded, which statistically biased? By conjoining two opposing mindsets--the suspension of disbelief required in storytelling and the skepticism inherent in the scientific method--bestselling mathematician John Allen Paulos has created an unusual hybrid, a composite of personal memories and mathematical approaches to re-evaluating them. Entertaining vignettes from Paulos's biography abound--ranging from a bullying math teacher and a fabulous collection of baseball cards to romantic crushes, a grandmother’s petty larceny, and his quite unintended role in getting George Bush elected president in 2000. These vignettes serve as springboards to many telling perspectives: simple arithmetic puts life-long habits in a dubious new light; higher dimensional geometry helps us see that we're all rather peculiar; nonlinear dynamics explains the narcissism of small differences cascading into very different siblings; logarithms and exponentials yield insight on why we tend to become bored and jaded as we age; and there are tricks and jokes, probability and coincidences, and much more. For fans of Paulos or newcomers to his work, this witty commentary on his life--and yours--is fascinating reading. From the Trade Paperback edition.
Posted in Mathematics

Irreligion

A Mathematician Explains Why the Arguments for God Just Don't Add Up

Author: John Allen Paulos

Publisher: Macmillan

ISBN: 9780809059195

Category: Religion

Page: 158

View: 3938

Argues that there is no logical reason to believe in God, refuting twelve important arguments commonly proposed to prove the existence of God, while offering commentary on such topics as the nature of miracles, cognitive illusions, and creationist probabi
Posted in Religion

The Story of Behavioral Finance

Author: Brandon Adams,Brian Finn

Publisher: iUniverse

ISBN: 0595396909

Category: Business & Economics

Page: 72

View: 1624

This book will take your understanding of finance to the next level. The Story of Behavioral Finance is about "finance in the real world"-it's finance theory with real people and real institutions. What happens when your portfolio manager sets out not to maximize your return but rather to maximize his own compensation and minimize his own career risk? Why didn't rational investors short high-flying Internet companies back in 1999? Why was it that so many of the firms that went public in 1999 and 2000 for hundreds of millions of dollars subsequently went bankrupt? These are the types of questions that will be answered in this book. The Story of Behavioral Finance will cover a lot of ground. We will cover the two main strands of behavioral finance, investor psychology and limits to arbitrage, and we'll apply these concepts to a wide array of financial market phenomena. We will explore, for example, why it is that almost no one seems to "beat the market" despite that fact that there are often easily spotted price inefficiencies.
Posted in Business & Economics

Once Upon A Number

The Hidden Mathematical Logic Of Stories

Author: John Allen Paulos

Publisher: Basic Books

ISBN: 9780786723997

Category: Science

Page: 224

View: 4560

What two things could be more different than numbers and stories? Numbers are abstract, certain, and eternal, but to most of us somewhat dry and bloodless. Good stories are full of life: they engage our emotions and have subtlety and nuance, but they lack rigor and the truths they tell are elusive and subject to debate. As ways of understanding the world around us, numbers and stories seem almost completely incompatible.Once Upon a Number shows that stories and numbers aren't as different as you might imagine, and in fact they have surprising and fascinating connections. The concepts of logic and probability both grew out of intuitive ideas about how certain situations would play out. Now, logicians are inventing ways to deal with real world situations by mathematical means—by acknowledging, for instance, that items that are mathematically interchangeable may not be interchangeable in a story. And complexity theory looks at both number strings and narrative strings in remarkably similar terms.Throughout, renowned author John Paulos mixes numbers and narratives in his own delightful style. Along with lucid accounts of cutting-edge information theory we get hilarious anecdotes and jokes; instructions for running a truly impressive pyramid scam; a freewheeling conversation between Groucho Marx and Bertrand Russell (while they're stuck in an elevator together); explanations of why the statistical evidence against OJ Simpson was overwhelming beyond doubt and how the Unabomber's thinking shows signs of mathematical training; and dozens of other treats. This is another winner from America's favorite mathematician.
Posted in Science

Easy Money

Evolution of Money from Robinson Crusoe to the First World War

Author: Vivek Kaul

Publisher: SAGE Publications India

ISBN: 8132117840

Category: Business & Economics

Page: 300

View: 9173

“A man hears what he wants to hear and disregards the rest,” wrote singer and songwriter Paul Simon some decades back. Books on the current financial crisis which started in late 2008 are a tad like that. Until now they have tended to deal with certain aspects of the crisis without looking at the bigger picture of what really went wrong. That bigger picture of the ongoing financial crisis has now started to evolve. Easy Money captures this big picture. The history of money and the financial system as it has evolved over the centuries stand at the heart of this endeavor. It explores the idea that the evolution of money over centuries has led to an easy money policy being followed by governments and central banks across the world, which in turn has fueled humongous Ponzi schemes, which have now started to unravel, bringing the whole world on the brink of a financial disaster. The book also explains how the lessons of the financial crisis have still not been learned, and in trying to deal with it, governments across the world are making the same mistakes which led to the current crisis in the first place.
Posted in Business & Economics

Beyond Numeracy

Author: John Allen Paulos

Publisher: Vintage

ISBN: 030783333X

Category: Mathematics

Page: 304

View: 8631

From the author of the national bestseller Innumeracy, a delightful exploration and explanation of mathematical concepts from algebra to zero in easily accessible alphabetical entries. "Paulos . . . does for mathematics what The Joy of Sex did for the boudoir. . . ."--Washington Post Book World. First time in paperback.
Posted in Mathematics

The Little Book That Beats the Market

Author: Joel Greenblatt

Publisher: John Wiley & Sons

ISBN: 9780470893661

Category: Business & Economics

Page: 176

View: 760

Two years in MBA school won't teach you how to double the market's return. Two hours with The Little Book That Beats the Market will. In The Little Book, Joel Greenblatt, Founder and Managing Partner at Gotham Capital (with average annualized returns of 40% for over 20 years), does more than simply set out the basic principles for successful stock market investing. He provides a "magic formula" that is easy to use and makes buying good companies at bargain prices automatic. Though the formula has been extensively tested and is a breakthrough in the academic and professional world, Greenblatt explains it using 6th grade math, plain language and humor. You'll learn how to use this low risk method to beat the market and professional managers by a wide margin. You'll also learn how to view the stock market, why success eludes almost all individual and professional investors, and why the formula will continue to work even after everyone "knows" it.
Posted in Business & Economics

Innumeracy

Mathematical Illiteracy and Its Consequences

Author: John Allen Paulos

Publisher: Penguin UK

ISBN: 0141980133

Category: Mathematics

Page: 160

View: 8096

Why do even well-educated people often understand so little about maths - or take a perverse pride in not being a 'numbers person'? In his now-classic book Innumeracy, John Allen Paulos answers questions such as: Why is following the stock market exactly like flipping a coin? How big is a trillion? How fast does human hair grow in mph? Can you calculate the chances that a party includes two people who have the same birthday? Paulos shows us that by arming yourself with some simple maths, you don't have to let numbers get the better of you.
Posted in Mathematics

The One Percent Doctrine

Deep Inside America's Pursuit of Its Enemies Since 9/11

Author: Ron Suskind

Publisher: Simon and Schuster

ISBN: 184739616X

Category: Social Science

Page: 384

View: 4289

In his devastating new book Pulitzer Prize-winning journalist Ron Suskind takes readers inside the defining conflict of our era: the war between the West and a growing, shadowy army of terrorists, armed with weapons of alarming power. Relying on unique access to former and current government officials, this book will reveal for the first time how the US government -- from President Bush on down -- is frantically improvising to fight a new kind of war. Where is the enemy? What have been the real victories and defeats since 9/11? How are we actually fighting this war and how can it possibly be won? Filled with astonishing disclosures, Suskind's book shows readers what he calls "the invisible battlefield" -- a global matrix where US spies race to catch soldiers of jihad before they strike. It is a real-life spy thriller with the world's future at stake. It also reveals the shocking and secret philosophy underpinning the war on terror. Gripping and alarming in equal measure, it will reframe the debate about a war that, each day, redefines America and its place in the world.
Posted in Social Science

The Physics of Wall Street

A Brief History of Predicting the Unpredictable

Author: James Owen Weatherall

Publisher: HMH

ISBN: 0547618298

Category: Business & Economics

Page: 304

View: 2474

A look inside the world of “quants” and how science can (and can’t) predict financial markets: “Entertaining and enlightening” (The New York Times). After the economic meltdown of 2008, Warren Buffett famously warned, “beware of geeks bearing formulas.” But while many of the mathematicians and software engineers on Wall Street failed when their abstractions turned ugly in practice, a special breed of physicists has a much deeper history of revolutionizing finance. Taking us from fin-de-siècle Paris to Rat Pack–era Las Vegas, from wartime government labs to Yippie communes on the Pacific coast, James Owen Weatherall shows how physicists successfully brought their science to bear on some of the thorniest problems in economics, from options pricing to bubbles. The crisis was partly a failure of mathematical modeling. But even more, it was a failure of some very sophisticated financial institutions to think like physicists. Models—whether in science or finance—have limitations; they break down under certain conditions. And in 2008, sophisticated models fell into the hands of people who didn’t understand their purpose, and didn’t care. It was a catastrophic misuse of science. The solution, however, is not to give up on models; it’s to make them better. This book reveals the people and ideas on the cusp of a new era in finance, from a geophysicist using a model designed for earthquakes to predict a massive stock market crash to a physicist-run hedge fund earning 2,478.6% over the course of the 1990s. Weatherall shows how an obscure idea from quantum theory might soon be used to create a far more accurate Consumer Price Index. The Physics of Wall Street will change how we think about our economic future. “Fascinating history . . . Happily, the author has a gift for making complex concepts clear to lay readers.” —Booklist
Posted in Business & Economics

A Gift to My Children

A Father's Lessons for Life and Investing

Author: Jim Rogers

Publisher: Random House

ISBN: 1588367762

Category: Business & Economics

Page: 112

View: 7833

He’s the swashbuckling world traveler and legendary investor who made his fortune before he was forty. Now the bestselling author of A Bull in China, Hot Commodities, and Adventure Capitalist shares a heartfelt, indispensable guide for his daughters (and all young investors) to find success and happiness. In A Gift to My Children, Jim Rogers offers advice with his trademark candor and confidence, but this time he adds paternal compassion, protectiveness, and love. Rogers reveals how to learn from his triumphs and mistakes in order to achieve a prosperous, well-lived life. For example: • Trust your own judgment: Rogers sensed China’s true potential way back in the 1980s, at a time when most analysts were highly skeptical of its prospects for growth. • Focus on what you like: Rogers was five when he started collecting empty bottles at baseball games instead of playing. • Be persistent: Coming to Yale from rural Alabama, and in over his head, Rogers never stopped studying and wound up with a scholarship to Oxford. • See the world: In 1990, Rogers traveled through six continents by motorcycle, gaining a global perspective and learning how to evaluate prospects in rapidly developing countries such as Brazil, Russia, India, and China. • Nothing is really new: anything deemed “innovative” or “unprecedented” is usually just overhyped, as in the case of the Internet or TV, airplanes, and railroads before it • And not a bit off the subject, and very important: Boys will need you more than you’ll need them! Wise and warm, accessible and inspiring, A Gift to My Children is a great gift for all those just starting to invest in their futures.
Posted in Business & Economics