Review Berkshire Hathaway Letters to Shareholders by WARREN BUFFETT Description This book is a compilation of all of Warren Buffett’s letters to his shareholders spanning from 1965 to 2018. It includes letters from the years 1965 to 1976 that are not available on the company’s website. Buffett discusses the trading methods he used as among the most successful investors of …
The Misbehavior of Markets
Review The Misbehavior of Markets: A Fractal View of Financial Turbulence by BENOIT MANDELBROT, RICHARD L. HUDSON Description Benoit Mandelbrot uses years of expertise in mathematics to imagine what the market would look like in a fractal pattern. Mandelbrot, the creator himself of fractal geometry, uses knowledge on natural patterns in closely watching patterns in the movement of the market. …
The Signal and the Noise
Review The Signal and the Noise: Why So Many Predictions Fail-but Some Don’t by NATE SILVER Description Nate Silver delves into the world of predictive models and explains why some work and some don’t. He inquires into the effectivity of predictions and how to identify signals from noise. He delves into a discussion about how the general public view probability …
The Kelly Capital Growth Investment Criterion
Review The Kelly Capital Growth Investment Criterion: Theory and Practice by LEONARD C. MACLEAN, EDWARD O. THORP, WILLIAM T. ZIEMBA Description This book contains the definitive treatment of fortune’s formula, also known as the Kelly capital growth criterion. This strategy aims to amplify long-run wealth by maximizing period by the period expected utility with a logarithmic utility function. Generally, the …
Calculated Bets
Review Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win by STEVEN SKIENA Description Mathematics behind gambling systems – this is what Calculated Bets expose. A computer scientist and gambling enthusiast, Steven Skiena bares his discoveries and explorations in using computer simulations as well as modeling techniques to scientifically predict the results of jai-alai games resulting in an increased stake …
The Research Driven Investor
Review The Research Driven Investor: How to Use Information, Data and Analysis for Investment Success by TIMOTHY HAYES Description Author Timothy Hayes’ “The Research Driven Investor” acts as a strategy guide and walkthrough for investors and analysts on how to use their acquired data and information in order to properly use it to its most profitable extent, from the construction …