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A Mathematician Plays the Stock Market

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A Mathematician Plays the Stock Market

最 低 价:¥28.50

定 价:¥250.00

作 者:John Allen Paulos

出 版 社:Basic Books

出版时间:2003-05

I S B N:9780465054800

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28.50元

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Mr. Paulos, who teaches mathematics at Temple, has a knack for making technical concepts clear and entertaining -- Wall Street Journal, July 16, 2003Paulos is a genius at translating the arcane .... This book should be required reading for anyone opening a brokerage account. -- Washington Post, June 22, 2003Paulos makes the process rewarding for those who want a better understanding of how the market works -- Kansas City Star, August 17, 2003Throughout this wide-ranging survey, the writing is spirited, funny and clear. -- New York Observer, June 6, 2003Yes, there are many percentage signs in this book ... But Paulos' humor and clarity will see you through. -- USA Today, June 15, 2003a double-chocolate nougat of a book — a rich, densely packed delight. It is also rueful, funny and disarmingly personal -- Los Angeles Times, July 30, 2003there is a certain pleasure to be had in reading that mathematical genius need be no barrier to financial comeuppance -- The Independent (London), July 26, 2003

内容简介

From America s wittiest writer on mathematics, a lively and insightful book on the workings of stock markets and the basic irrationality of our dreams of wealth. Can a renowned mathematician successfully outwit the stock market? Not when his biggest investment is WorldCom. In A Mathematician Plays the Stock Market, best-selling author John Allen Paulos employs his trademark stories, vignettes, paradoxes, and puzzles to address every thinking reader s curiosity about the market-Is it efficient? Is it random? 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? Are there any approaches to investing that truly outperform the major indexes? But Paulos s tour through the irrational exuberance of market mathematics doesn t end there. An unrequited (and financially disastrous) love affair with WorldCom leads Paulos to question some cherished ideas of personal finance. He explains why "data mining" often leads to self-fulfilling beliefs, why "momentum investing" is nothing more than herd behavior with a lot of mathematical jargon added, why the ever-popular Elliot Wave Theory cannot be correct, and why you should take Warren Buffet s "fundamental analysis" with a grain of salt. Like Burton Malkiel s A Random Walk Down Wall Street, this clever and illuminating book is for anyone, investor or not, who follows the markets-or knows someone who does.

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