Sunday, November 2, 2008

A Mathematician Plays the Stock Market


We like to think not only that mathematicians are smarter than the rest of us but that by dint of their mastery of numbers, they hold the key to understanding the baffling mysteries of the universe. Alas, Paulos (Innumeracy) says that's not always the case. As the author relates in this funny, insightful little volume about attempts to bring order and science to the free-for-all that is the stock market, he himself was once a big investor (in WorldCom). Despite strong evidence to sell, he desperately hung on to his stock as the price plummeted, proving that a head for numbers doesn't always translate to Wall Street know-how. Through most of this book, Paulos discusses various methods for predicting markets and offers thoughts on why people keep trying to perfect them. Shocking in their obtuseness are the so-called Elliot Wave followers, who believe stocks operate according to an impossibly arcane series of numerical waves and cycles. The efficient-market theorists-many of whom believe the stock market is so inherently efficient that everything one needs to know about a company is reflected in its stock price-get the most thorough joshing from Paulos: never able to resist a joke, he tells one about how many efficient market theorists it takes to change a light bulb. "Answer: None. If the light bulb needed changing the market would have already done it." Playful and informative, Paulos's book will be appreciated by investors with a sense of humor.

Download:
Link_1

0 comments:

Post a Comment | Feed

Post a Comment



Related Posts with Thumbnails
 

Blog Archive

Recent Posts

  © Free E-Books U ask v provide by Free E-Books Download 2012

Disclaimer: This blog does not store any files on its server.We only index and link to content provided by sites.

USER AGREEMENT PLEASE READ : The creator of THIS PAGE or the ISP(s) hosting any content on this site take NO responsibility for the way you use the information provided on this site. These links here are for educational purposes only and SHOULD BE VIEWED ONLY. If you download any files to view them, you are agreeing to delete them within a 24 hour period. If you are affiliated with any government, or ANTI-Piracy group or any other related group or were formally a worker of one you CANNOT enter this web site, cannot access any of its files and you cannot view any of the HTML files. All the objects on this site are PRIVATE property and are meant for previewing only. If you enter this site without following these agreements you are not agreeing to these terms and you are violating code 431.322.12 of the Internet Privacy Act signed by Bill Clinton in 1995 and that means that you CANNOT threaten our ISP(s) or any person(s) or company storing these files, cannot prosecute any person(s) affiliated with this page which includes family, friends or individuals who run or enter this web site. If you want to remove links to your website, Please send an email to professionalstudents[at]gmail[dot]com.