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Ditto. His ideas have been embraced by many proprietary trading desks over
the last 10 years. Make no mistake about it though, it is a very tough read
and not for the mathematically challenged. I would recommend that you start
with his "Portfolio Management Formulas" first. This was his first book on
his key concept of trading at "optimal F." It's much easier and IF you
manage to put this valuable knowledge to use then you should move on to "The
Mathematics of Money Management."
good luck
Rick
Tokyo, Japan
----- Original Message -----
From: TKruzel <TKruzel@xxxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, April 22, 1999 11:09 AM
Subject: Re: Money management
| In general I would recommend the book. How useful it is to any
| given individual depends upon the mathematical background of that
| person. I thought it was well written. IMHO would be traders spend
| much too much time creating indicators. None of these indicators in
| the long run will give you more than a 50:50 chance at making money.
|