Book description
The Handbook of Portfolio Mathematics
"For the serious investor, trader, or money manager, this book
takes a rewarding look into modern portfolio theory. Vince introduces
a leverage-space portfolio model, tweaks it for the drawdown
probability, and delivers a superior model. He even provides equations
to maximize returns for a chosen level of risk. So if you're serious
about making money in today's markets, buy this book. Read it. Profit
from it."
-Thomas N. Bulkowski, author, Encyclopedia of
Chart Patterns
"This is an important book. Though traders routinely speak of
their 'edge' in the marketplace and ways of handling 'risk,' few can
define and measure these accurately. In this book, Ralph Vince takes
readers step by step through an understanding of the mathematical
foundations of trading, significantly extending his earlier work and
breaking important new ground. His lucid writing style and liberal use
of practical examples make this book must reading."
-Brett
N. Steenbarger, PhD, author, The Psychology of Trading and
Enhancing Trader Performance
"Ralph Vince is one of the world's foremost authorities on
quantitative portfolio analysis. In this masterly contribution, Ralph
builds on his early pioneering findings to address the real-world
concerns of money managers in the trenches-how to systematically
maximize gains in relation to risk."
-Nelson Freeburg,
Editor, Formula Research
"Gambling and investing may make strange bedfellows in the eyes
of many, but not Ralph Vince, who once again demonstrates that an open
mind is the investor's most valuable asset. What does bet sizing have
to do with investing? The answer to that question and many more lie
inside this iconoclastic work. Want to make the most of your investing
skills Open this book."
-John Bollinger, CFA, CMT, www.
BollingerBands. com
Ralph Vince got his start in the trading business as a margin clerk,
and later worked as a consultant programmer to large futures traders
and fund managers. Vince is also the author of Portfolio Management
Formulas, The Mathematics of Money Management, and The New Money
Management, also from Wiley. Numerous software companies have
incorporated Vince's ideas into their products. Vince is an
ultra-marathon runner and jiu jitsu black belt.
