Fortune's Formula

By William Poundstone,

Book cover of Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street

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…

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Why read it?

1 author picked Fortune's Formula as one of their favorite books. Why do they recommend it?

Barbara Rockefeller

Author

The subtitle is The Untold Story of the Scientific Betting System that Beat the Casinos and Wall Street. This book is an easy-to-read narrative of the intersection of the grimy underbelly of betting--with high-minded math. It reminds you that trading is not conducted in a clean little bubble. Technical analysis can give you an edge, but trading is still engaging in battle with opposing forces; strategy and tactics can count as much as building an elegant technical system.

Your opponent on the trading battlefield will try to trick you, like a general in real warfare. He may keep selling…

From Barbara's list on for traders using technical analysis.