Author: Tim Bost
Publisher:
ISBN: 9781933198385
Category : Business & Economics
Languages : en
Pages : 290
Book Description
"Let's face it. Traders in the stocks, futures, options, or FOREX markets are dead meat if they aren't profiting from the astro-trading advantage!" That's what Tim Bost, editor of FinancialCyclesWeekly.com newsletter and author of Mercury, Money and the Markets, says it takes to survive in today's increasingly treacherous trading environment. "I've been working with planetary factors in market timing for over a quarter of a century," he says, "and I've never seen the odds stacked against individual traders more than they are now. To compete with market manipulation on a massive scale and the onslaught of high-frequency trading robots, you've got to have market timing tools that give you the agility and tactical superiority of a trading guerrilla. "That's what astro-trading is all about, and that's the focus in Mercury, Money and the Markets. It's aimed at short-term swing traders who want to level the playing field with high-precision, back-tested timing methods that most market players haven't even heard about!" In Mercury, Money and the Markets, Bost reveals the impact of Mercury cycles on price trends and reversals in equities, precious metals, and international markets on 5 continents. He also provides detailed analysis of 30 major blue-chip stocks, showing the individual idiosyncrasies in their responses to repeating Mercury cycles. With dozens of charts and examples throughout the book, he makes a compelling case for the importance of this often-overlooked component of financial astrology, elevating it to a new level as a powerful market timing tool that can make the difference between disaster and success in high-pressure trading. But Tim Bost doesn't stop there. He understands that effective trading involves more than just knowledge of the markets and correct analysis of trading opportunities-- it also requires sufficient self-awareness to be able to maintain emotional equanimity under fire. So he adds plenty of unique information here about how astro-traders can use Mercury to better understand their personal horoscopes, gaining higher degrees of trading confidence. It's a perspective unavailable from any other source. Because he's a pioneering astrological researcher as well as an active trader and trading coach, Tim Bost has uncovered significant planetary dynamics to take this advanced astro-trading sourcebook far beyond the common material found in most books on stock market astrology. It includes transneptunian factors, 90-degree dial analysis, nontraditional planetary angles and a great deal more. And it features tips on deciphering the trading code in W. D. Gann's strangest book, the role of Mercury in First-Trade horoscope analysis, and the money-making truth about the times when Mercury is retrograde. Mercury, Money and the Markets is also a book with lots of charm and intelligence. Bost is an excellent storyteller, so he makes the effects of Mercury come alive with examples from business, the markets, and personal experience. He also contributes his scholarly skill to this book, dipping back into the myths of antiquity to revive an ancient esoteric text that has surprising effectiveness in precisely timing trades today! This is a book to read and enjoy, and a valuable text filled with big payoffs for the active short-term trader. But it's also a book that you'll come back to again and again, since it features a unique cross-indexed Mercury Station Ephemeris that spans 201 years. In other words, while it's packed with energy and information you can use today for immediate profit, it has a long shelf life, too! If you're an astrologer looking for a way to make money, this may not be the book for you, since it's loaded with brass-tacks, down-to-earth insights about what it actually takes to profit from astro-trading. It will stretch your awareness well past the limits of what you thought astrology was all about. But if you're a trader who needs an extra edge, then run, don't w
Mercury, Money and the Markets
Author: Tim Bost
Publisher:
ISBN: 9781933198385
Category : Business & Economics
Languages : en
Pages : 290
Book Description
"Let's face it. Traders in the stocks, futures, options, or FOREX markets are dead meat if they aren't profiting from the astro-trading advantage!" That's what Tim Bost, editor of FinancialCyclesWeekly.com newsletter and author of Mercury, Money and the Markets, says it takes to survive in today's increasingly treacherous trading environment. "I've been working with planetary factors in market timing for over a quarter of a century," he says, "and I've never seen the odds stacked against individual traders more than they are now. To compete with market manipulation on a massive scale and the onslaught of high-frequency trading robots, you've got to have market timing tools that give you the agility and tactical superiority of a trading guerrilla. "That's what astro-trading is all about, and that's the focus in Mercury, Money and the Markets. It's aimed at short-term swing traders who want to level the playing field with high-precision, back-tested timing methods that most market players haven't even heard about!" In Mercury, Money and the Markets, Bost reveals the impact of Mercury cycles on price trends and reversals in equities, precious metals, and international markets on 5 continents. He also provides detailed analysis of 30 major blue-chip stocks, showing the individual idiosyncrasies in their responses to repeating Mercury cycles. With dozens of charts and examples throughout the book, he makes a compelling case for the importance of this often-overlooked component of financial astrology, elevating it to a new level as a powerful market timing tool that can make the difference between disaster and success in high-pressure trading. But Tim Bost doesn't stop there. He understands that effective trading involves more than just knowledge of the markets and correct analysis of trading opportunities-- it also requires sufficient self-awareness to be able to maintain emotional equanimity under fire. So he adds plenty of unique information here about how astro-traders can use Mercury to better understand their personal horoscopes, gaining higher degrees of trading confidence. It's a perspective unavailable from any other source. Because he's a pioneering astrological researcher as well as an active trader and trading coach, Tim Bost has uncovered significant planetary dynamics to take this advanced astro-trading sourcebook far beyond the common material found in most books on stock market astrology. It includes transneptunian factors, 90-degree dial analysis, nontraditional planetary angles and a great deal more. And it features tips on deciphering the trading code in W. D. Gann's strangest book, the role of Mercury in First-Trade horoscope analysis, and the money-making truth about the times when Mercury is retrograde. Mercury, Money and the Markets is also a book with lots of charm and intelligence. Bost is an excellent storyteller, so he makes the effects of Mercury come alive with examples from business, the markets, and personal experience. He also contributes his scholarly skill to this book, dipping back into the myths of antiquity to revive an ancient esoteric text that has surprising effectiveness in precisely timing trades today! This is a book to read and enjoy, and a valuable text filled with big payoffs for the active short-term trader. But it's also a book that you'll come back to again and again, since it features a unique cross-indexed Mercury Station Ephemeris that spans 201 years. In other words, while it's packed with energy and information you can use today for immediate profit, it has a long shelf life, too! If you're an astrologer looking for a way to make money, this may not be the book for you, since it's loaded with brass-tacks, down-to-earth insights about what it actually takes to profit from astro-trading. It will stretch your awareness well past the limits of what you thought astrology was all about. But if you're a trader who needs an extra edge, then run, don't w
Publisher:
ISBN: 9781933198385
Category : Business & Economics
Languages : en
Pages : 290
Book Description
"Let's face it. Traders in the stocks, futures, options, or FOREX markets are dead meat if they aren't profiting from the astro-trading advantage!" That's what Tim Bost, editor of FinancialCyclesWeekly.com newsletter and author of Mercury, Money and the Markets, says it takes to survive in today's increasingly treacherous trading environment. "I've been working with planetary factors in market timing for over a quarter of a century," he says, "and I've never seen the odds stacked against individual traders more than they are now. To compete with market manipulation on a massive scale and the onslaught of high-frequency trading robots, you've got to have market timing tools that give you the agility and tactical superiority of a trading guerrilla. "That's what astro-trading is all about, and that's the focus in Mercury, Money and the Markets. It's aimed at short-term swing traders who want to level the playing field with high-precision, back-tested timing methods that most market players haven't even heard about!" In Mercury, Money and the Markets, Bost reveals the impact of Mercury cycles on price trends and reversals in equities, precious metals, and international markets on 5 continents. He also provides detailed analysis of 30 major blue-chip stocks, showing the individual idiosyncrasies in their responses to repeating Mercury cycles. With dozens of charts and examples throughout the book, he makes a compelling case for the importance of this often-overlooked component of financial astrology, elevating it to a new level as a powerful market timing tool that can make the difference between disaster and success in high-pressure trading. But Tim Bost doesn't stop there. He understands that effective trading involves more than just knowledge of the markets and correct analysis of trading opportunities-- it also requires sufficient self-awareness to be able to maintain emotional equanimity under fire. So he adds plenty of unique information here about how astro-traders can use Mercury to better understand their personal horoscopes, gaining higher degrees of trading confidence. It's a perspective unavailable from any other source. Because he's a pioneering astrological researcher as well as an active trader and trading coach, Tim Bost has uncovered significant planetary dynamics to take this advanced astro-trading sourcebook far beyond the common material found in most books on stock market astrology. It includes transneptunian factors, 90-degree dial analysis, nontraditional planetary angles and a great deal more. And it features tips on deciphering the trading code in W. D. Gann's strangest book, the role of Mercury in First-Trade horoscope analysis, and the money-making truth about the times when Mercury is retrograde. Mercury, Money and the Markets is also a book with lots of charm and intelligence. Bost is an excellent storyteller, so he makes the effects of Mercury come alive with examples from business, the markets, and personal experience. He also contributes his scholarly skill to this book, dipping back into the myths of antiquity to revive an ancient esoteric text that has surprising effectiveness in precisely timing trades today! This is a book to read and enjoy, and a valuable text filled with big payoffs for the active short-term trader. But it's also a book that you'll come back to again and again, since it features a unique cross-indexed Mercury Station Ephemeris that spans 201 years. In other words, while it's packed with energy and information you can use today for immediate profit, it has a long shelf life, too! If you're an astrologer looking for a way to make money, this may not be the book for you, since it's loaded with brass-tacks, down-to-earth insights about what it actually takes to profit from astro-trading. It will stretch your awareness well past the limits of what you thought astrology was all about. But if you're a trader who needs an extra edge, then run, don't w
Mining, Money and Markets in the Early Modern Atlantic
Author: Renate Pieper
Publisher: Springer Nature
ISBN: 3030238946
Category : Business & Economics
Languages : en
Pages : 375
Book Description
This volume documents recent efforts to track the transformation and trajectory of silver during the early modern period, from its origins in ores located on either side of the Atlantic to its use as currency in the financial centres of continental Europe. As a point of comparison, copper mining and its monetary use in the early modern Atlantic World will also be considered. Contributors rely mainly on economic and economic history methodologies, complemented by geographical and cultural history approaches. The use of novel software applications as tools to explain economic-historical episodes is also detailed.
Publisher: Springer Nature
ISBN: 3030238946
Category : Business & Economics
Languages : en
Pages : 375
Book Description
This volume documents recent efforts to track the transformation and trajectory of silver during the early modern period, from its origins in ores located on either side of the Atlantic to its use as currency in the financial centres of continental Europe. As a point of comparison, copper mining and its monetary use in the early modern Atlantic World will also be considered. Contributors rely mainly on economic and economic history methodologies, complemented by geographical and cultural history approaches. The use of novel software applications as tools to explain economic-historical episodes is also detailed.
Diagnosis
Author: Jane Marie Hightower
Publisher: Island Press
ISBN: 1597264539
Category : Medical
Languages : en
Pages : 325
Book Description
One morning in 2000, Dr. Jane Hightower walked into her exam room to find a patient with disturbing symptoms she couldn’t explain. The woman was nauseated, tired, and had difficulty concentrating, but a litany of tests revealed no apparent cause. She was not alone. Dr. Hightower saw numerous patients with similar, inexplicable ailments, and eventually learned that there were many more around the nation and the world. They had little in common—except a healthy appetite for certain fish. Dr. Hightower’s quest for answers led her to mercury, a poison that has been plaguing victims for centuries and is now showing up in seafood. But this “explanation” opened a Pandora’s Box of thornier questions. Why did some fish from supermarkets and restaurants contain such high levels of a powerful poison? Why did the FDA base its recommendations for “safe” mercury consumption on data supplied by Saddam Hussein’s Ba’athist extremists? And why wasn’t the government warning its citizens? In Diagnosis: Mercury, Dr. Hightower retraces her investigation into the modern prevalence of mercury poisoning, revealing how political calculations, dubious studies, and industry lobbyists endanger our health. While mercury is a naturally occurring element, she learns there’s much that is unnatural about this poison’s prevalence in our seafood. Mercury is pumped into the air by coal-fired power plants and settles in our rivers and oceans, and has been dumped into our waterways by industry. It accumulates in the fish we eat, and ultimately in our own bodies. Yet government agencies and lawmakers have been slow to regulate pollution or even alert consumers. Why? The trail of evidence leads to Canada, Japan, Iraq, and various U.S. institutions, and as Dr. Hightower puts the pieces together, she discovers questionable connections between ostensibly objective researchers and industries that fear regulation and bad press. Her tenacious inquiry sheds light on a system in which, too often, money trumps good science and responsible government. Exposing a threat that few recognize but that touches many, Diagnosis: Mercury should be required reading for everyone who cares about their health.
Publisher: Island Press
ISBN: 1597264539
Category : Medical
Languages : en
Pages : 325
Book Description
One morning in 2000, Dr. Jane Hightower walked into her exam room to find a patient with disturbing symptoms she couldn’t explain. The woman was nauseated, tired, and had difficulty concentrating, but a litany of tests revealed no apparent cause. She was not alone. Dr. Hightower saw numerous patients with similar, inexplicable ailments, and eventually learned that there were many more around the nation and the world. They had little in common—except a healthy appetite for certain fish. Dr. Hightower’s quest for answers led her to mercury, a poison that has been plaguing victims for centuries and is now showing up in seafood. But this “explanation” opened a Pandora’s Box of thornier questions. Why did some fish from supermarkets and restaurants contain such high levels of a powerful poison? Why did the FDA base its recommendations for “safe” mercury consumption on data supplied by Saddam Hussein’s Ba’athist extremists? And why wasn’t the government warning its citizens? In Diagnosis: Mercury, Dr. Hightower retraces her investigation into the modern prevalence of mercury poisoning, revealing how political calculations, dubious studies, and industry lobbyists endanger our health. While mercury is a naturally occurring element, she learns there’s much that is unnatural about this poison’s prevalence in our seafood. Mercury is pumped into the air by coal-fired power plants and settles in our rivers and oceans, and has been dumped into our waterways by industry. It accumulates in the fish we eat, and ultimately in our own bodies. Yet government agencies and lawmakers have been slow to regulate pollution or even alert consumers. Why? The trail of evidence leads to Canada, Japan, Iraq, and various U.S. institutions, and as Dr. Hightower puts the pieces together, she discovers questionable connections between ostensibly objective researchers and industries that fear regulation and bad press. Her tenacious inquiry sheds light on a system in which, too often, money trumps good science and responsible government. Exposing a threat that few recognize but that touches many, Diagnosis: Mercury should be required reading for everyone who cares about their health.
Markets without Limits
Author: Jason F. Brennan
Publisher: Routledge
ISBN: 1317815629
Category : Philosophy
Languages : en
Pages : 376
Book Description
May you sell your vote? May you sell your kidney? May gay men pay surrogates to bear them children? May spouses pay each other to watch the kids, do the dishes, or have sex? Should we allow the rich to genetically engineer gifted, beautiful children? Should we allow betting markets on terrorist attacks and natural disasters? Most people shudder at the thought. To put some goods and services for sale offends human dignity. If everything is commodified, then nothing is sacred. The market corrodes our character. Or so most people say. In Markets without Limits, Jason Brennan and Peter Jaworski give markets a fair hearing. The market does not introduce wrongness where there was not any previously. Thus, the authors claim, the question of what rightfully may be bought and sold has a simple answer: if you may do it for free, you may do it for money. Contrary to the conservative consensus, they claim there are no inherent limits to what can be bought and sold, but only restrictions on how we buy and sell.
Publisher: Routledge
ISBN: 1317815629
Category : Philosophy
Languages : en
Pages : 376
Book Description
May you sell your vote? May you sell your kidney? May gay men pay surrogates to bear them children? May spouses pay each other to watch the kids, do the dishes, or have sex? Should we allow the rich to genetically engineer gifted, beautiful children? Should we allow betting markets on terrorist attacks and natural disasters? Most people shudder at the thought. To put some goods and services for sale offends human dignity. If everything is commodified, then nothing is sacred. The market corrodes our character. Or so most people say. In Markets without Limits, Jason Brennan and Peter Jaworski give markets a fair hearing. The market does not introduce wrongness where there was not any previously. Thus, the authors claim, the question of what rightfully may be bought and sold has a simple answer: if you may do it for free, you may do it for money. Contrary to the conservative consensus, they claim there are no inherent limits to what can be bought and sold, but only restrictions on how we buy and sell.
A Trader's Guide to Financial Astrology
Author: Larry Pasavento
Publisher: John Wiley & Sons
ISBN: 111841702X
Category : Business & Economics
Languages : en
Pages : 246
Book Description
Look to the stars for a whole new approach to market cycle forecasting A Trader's Guide to Financial Astrology is the definitive guide to trading market cycles based on astrological data. Written by a highly-respected technical analyst, this book makes the connection between the movements of planets and the volatility of the market. Readers can draw upon one hundred years of historical data as they learn how to spot correlations from the past, and refer to planetary and lunar data for the next five years as they shape their own strategy. The book covers the principles of astrological forecasting as applied to the financial markets, explaining what to watch for and how to interpret planetary and lunar activity, plus expert insight on everyday practical application. A study by the Federal Reserve Bank of Atlanta determined that the U.S. stock markets tend to be negatively affected by geomagnetic storms, and the Royal Bank of Scotland demonstrated that a trading system based on the phases of the moon would have outperformed the market. A Trader's Guide to Financial Astrology shows traders how to tap into the planetary forces that influence market activity. Readers will: Learn how planetary and lunar movements relate to the financial markets Draw upon 100 years of historic correlations and five years of forecast data Forecast long-term and short-term activity based on planetary relationships and lunar movement Enter the markets at key turning points, using price patterns and other tools When integrated with technical trading patterns, astrology can be an effective way of shifting perspective and approaching the market differently. For traders who have always wanted to know what to do when Mercury is in retrograde or the moon is new, A Trader's Guide to Financial Astrology provides information and insight from a leading market educator.
Publisher: John Wiley & Sons
ISBN: 111841702X
Category : Business & Economics
Languages : en
Pages : 246
Book Description
Look to the stars for a whole new approach to market cycle forecasting A Trader's Guide to Financial Astrology is the definitive guide to trading market cycles based on astrological data. Written by a highly-respected technical analyst, this book makes the connection between the movements of planets and the volatility of the market. Readers can draw upon one hundred years of historical data as they learn how to spot correlations from the past, and refer to planetary and lunar data for the next five years as they shape their own strategy. The book covers the principles of astrological forecasting as applied to the financial markets, explaining what to watch for and how to interpret planetary and lunar activity, plus expert insight on everyday practical application. A study by the Federal Reserve Bank of Atlanta determined that the U.S. stock markets tend to be negatively affected by geomagnetic storms, and the Royal Bank of Scotland demonstrated that a trading system based on the phases of the moon would have outperformed the market. A Trader's Guide to Financial Astrology shows traders how to tap into the planetary forces that influence market activity. Readers will: Learn how planetary and lunar movements relate to the financial markets Draw upon 100 years of historic correlations and five years of forecast data Forecast long-term and short-term activity based on planetary relationships and lunar movement Enter the markets at key turning points, using price patterns and other tools When integrated with technical trading patterns, astrology can be an effective way of shifting perspective and approaching the market differently. For traders who have always wanted to know what to do when Mercury is in retrograde or the moon is new, A Trader's Guide to Financial Astrology provides information and insight from a leading market educator.
Money, Method, and the Market Process
Author: Ludwig Von Mises
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 362
Book Description
This volume might be called the Mises Reader, for it contains a wide sampling of his academic essays on money, trade, and economic systems. Some of them, like "Observations on the Cooperative Movement," have not been published previously. Others, like "The Idea of Liberty Is Western," have already made their mark on intellectual history. Brought together by Mrs. Mises after her husband's death, and edited with an introduction by Richard Ebeling, this volume fills an important gap in providing an overview of Ludwig von Mises's best academic work. For that reason, this book is already widely used in graduate courses and seminars on the resurgence of the Austrian School.
Publisher: Springer
ISBN:
Category : Business & Economics
Languages : en
Pages : 362
Book Description
This volume might be called the Mises Reader, for it contains a wide sampling of his academic essays on money, trade, and economic systems. Some of them, like "Observations on the Cooperative Movement," have not been published previously. Others, like "The Idea of Liberty Is Western," have already made their mark on intellectual history. Brought together by Mrs. Mises after her husband's death, and edited with an introduction by Richard Ebeling, this volume fills an important gap in providing an overview of Ludwig von Mises's best academic work. For that reason, this book is already widely used in graduate courses and seminars on the resurgence of the Austrian School.
Pillars of Prosperity
Author: Ron Paul
Publisher: Ludwig von Mises Institute
ISBN: 1933550244
Category : Social Science
Languages : en
Pages : 496
Book Description
Publisher: Ludwig von Mises Institute
ISBN: 1933550244
Category : Social Science
Languages : en
Pages : 496
Book Description
The Stock Market, Credit and Capital Formation
Author: Fritz Machlup
Publisher: Ludwig von Mises Institute
ISBN: 1610163354
Category : Capital
Languages : en
Pages : 432
Book Description
Publisher: Ludwig von Mises Institute
ISBN: 1610163354
Category : Capital
Languages : en
Pages : 432
Book Description
Happy Money
Author: Elizabeth Dunn
Publisher: Simon and Schuster
ISBN: 1476740704
Category : Business & Economics
Languages : en
Pages : 224
Book Description
If you think money can’t buy happiness, you’re not spending it right. Two rising stars in behavioral science explain how money can buy happiness—if you follow five core principles of smarter spending. If you think money can’t buy happiness, you’re not spending it right. Two rising stars in behavioral science explain how money can buy happiness—if you follow five core principles of smarter spending. Happy Money offers a tour of new research on the science of spending. Most people recognize that they need professional advice on how to earn, save, and invest their money. When it comes to spending that money, most people just follow their intuitions. But scientific research shows that those intuitions are often wrong. Happy Money explains why you can get more happiness for your money by following five principles, from choosing experiences over stuff to spending money on others. And the five principles can be used not only by individuals but by companies seeking to create happier employees and provide “happier products” to their customers. Elizabeth Dunn and Michael Norton show how companies from Google to Pepsi to Crate & Barrel have put these ideas into action. Along the way, the authors describe new research that reveals that luxury cars often provide no more pleasure than economy models, that commercials can actually enhance the enjoyment of watching television, and that residents of many cities frequently miss out on inexpensive pleasures in their hometowns. By the end of this book, readers will ask themselves one simple question whenever they reach for their wallets: Am I getting the biggest happiness bang for my buck?
Publisher: Simon and Schuster
ISBN: 1476740704
Category : Business & Economics
Languages : en
Pages : 224
Book Description
If you think money can’t buy happiness, you’re not spending it right. Two rising stars in behavioral science explain how money can buy happiness—if you follow five core principles of smarter spending. If you think money can’t buy happiness, you’re not spending it right. Two rising stars in behavioral science explain how money can buy happiness—if you follow five core principles of smarter spending. Happy Money offers a tour of new research on the science of spending. Most people recognize that they need professional advice on how to earn, save, and invest their money. When it comes to spending that money, most people just follow their intuitions. But scientific research shows that those intuitions are often wrong. Happy Money explains why you can get more happiness for your money by following five principles, from choosing experiences over stuff to spending money on others. And the five principles can be used not only by individuals but by companies seeking to create happier employees and provide “happier products” to their customers. Elizabeth Dunn and Michael Norton show how companies from Google to Pepsi to Crate & Barrel have put these ideas into action. Along the way, the authors describe new research that reveals that luxury cars often provide no more pleasure than economy models, that commercials can actually enhance the enjoyment of watching television, and that residents of many cities frequently miss out on inexpensive pleasures in their hometowns. By the end of this book, readers will ask themselves one simple question whenever they reach for their wallets: Am I getting the biggest happiness bang for my buck?
Fortune's Formula
Author: William Poundstone
Publisher: Hill and Wang
ISBN: 0374707081
Category : Business & Economics
Languages : en
Pages : 399
Book Description
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 phenomenally 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 William Poundstone's Fortune's Formula will convince you that he was right.
Publisher: Hill and Wang
ISBN: 0374707081
Category : Business & Economics
Languages : en
Pages : 399
Book Description
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 phenomenally 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 William Poundstone's Fortune's Formula will convince you that he was right.