Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
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Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
Back in 1966, a goateed Stanford professor named Bill Sharpe developed a formula that has since become as common in investment-speak as RBIs are in baseball-speak. The formula looks like this:
Russell Wild • Exchange-Traded Funds for Dummies
Legendary quant Ed Thorp once wrote about his "45-year effort to ... beat markets" and shared his 'three steps for a successful market-beating model.'
Thorp used examples from blackjack, convertible bond arbitrage, and statistical arbitrage.
"In each of our three examples, the market was... See more
