The Handbook of Portfolio Mathematics: Formulas for Optimal Allocation and Leverage (Wiley Trading 401)

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The Handbook of Portfolio Mathematics

“For the serious investor, trader, or money manager, this book takes a rewarding look into modern portfolio theory. Vince introduces a leverage-space portfolio model, tweaks it for the drawdown probability, and delivers a superior model. He even provides equations to maximize returns for a chosen level of risk. So if you’re serious about making money in today’s markets, buy this book. Read it. Profit from it.”
—Thomas N. Bulkowski, author, Encyclopedia of Chart Patterns

“This is an important book. Though traders routinely speak of their ‘edge’ in the marketplace and ways of handling ‘risk,’ few can define and measure these accurately. In this book, Ralph Vince takes readers step by step through an understanding of the mathematical foundations of trading, significantly extending his earlier work and breaking important new ground. His lucid writing style and liberal use of practical examples make this book must reading.”
—Brett N. Steenbarger, PhD, author, The Psychology of Trading and Enhancing Trader Performance

“Ralph Vince is one of the world’s foremost authorities on quantitative portfolio analysis. In this masterly contribution, Ralph builds on his early pioneering findings to address the real-world concerns of money managers in the trenches-how to systematically maximize gains in relation to risk.”
—Nelson Freeburg, Editor, Formula Research

“Gambling and investing may make strange bedfellows in the eyes of many, but not Ralph Vince, who once again demonstrates that an open mind is the investor’s most valuable asset. What does bet sizing have to do with investing? The answer to that question and many more lie inside this iconoclastic work. Want to make the most of your investing skills Open this book.”
—John Bollinger, CFA, CMT, www.BollingerBands.com

ASIN ‏ : ‎ B000SEJ0TA
Publisher ‏ : ‎ Wiley; 1st edition (15 May 2008)
Language ‏ : ‎ English
File size ‏ : ‎ 19681 KB
Text-to-Speech ‏ : ‎ Enabled
Screen Reader ‏ : ‎ Supported
Enhanced typesetting ‏ : ‎ Enabled
X-Ray ‏ : ‎ Not Enabled
Word Wise ‏ : ‎ Enabled
Print length ‏ : ‎ 631 pages

Reviewer: Amazon Book Lover
Rating: 5.0 out of 5 stars
Title:
Review: This book is Vince’s best book, and incorporates all the new knowledge he has accumulated since the publication of his earlier work. The more we are able to refine our money management and risk control the more profitable we will ultimately be. And, this book clearly shows you how to refine your skills in this area – and how to be confident enought to risk the right amount to maximize your return.Your confidence after reading this book will be gained from learning how to calcualte “relevant” risk amounts for each trade based on your current win ratio and payoff ratio by using the optimal f formulas. Vince is a skilled mathematician, and even if you are not, you can use his approach to obtain “relevent” data. Meaning — don’t just guess at what amount to risk, instead determine what your performance statistics are and base your decisions on that — not on what another trader or educator suggests.In addition to this book by Vince, two other must have books on this subject are Balsara’s “Money Management Strategies For Futures Traders” and McDowell’s “A Trader’s Money Management System”.

Reviewer: TopGun
Rating: 5.0 out of 5 stars
Title:
Review: Ralph Vince has produced a number of quality books on portfolio mathematics and analysis. This one is his best yet. Thanks Ralph.

Reviewer: Jiujiu
Rating: 2.0 out of 5 stars
Title:
Review: For the first half:It presents a good idea (optimal f) and presents some intuitive results related to it. The author did a good job thinking through the concept in the context of how it influence your portfolio draw down and long term profit.But it is definitely not mathematically or statistically valid. Trying not to over complicate a conclusion with formulas is a virtual; however, this book is doing the opposite and much worse: it gives a lot of equations that are neither math accurate nor correct. It is an insult to any serious reader.

4

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