tailieunhanh - THE MATHEMATICS OF MONEY MANAGEMENT: RISK ANALYSIS TECHNIQUES FOR TRADERS

You get your friend to secretly write down any three-digit number. To make it ‘more impossible’, you say the digits must all be different and the biggest digit must be at the front. You say it’s still too easy. Now you want them to jumble things up a bit. You get them to reverse their selected number and write it underneath the first number. They should then subtract this lower number from their first number. Finally, to make it even harder still, have them write their answer backwards and add this new reversed number to their answer. After all of. | THE MATHEMATICS OF MONEY MANAGEMENT RISK ANALYSIS TECHNIQUES FOR TRADERS by Ralph Vince Published by John Wiley Sons Inc. Library of Congress Cataloging-in-Publication Data Vince. Ralph. 1958-The mathematics of money management risk analysis techniques for traders by Ralph Vince. Includes bibliographical references and index. ISBN 0-471-54738-7 1. Investment analysis Mathematics. 2. Risk management Mathematics 3. Program trading Securities HG4529N56 1992 01 51-dc20 91-33547 Preface and Dedication The favorable reception of Portfolio Management Formulas exceeded even the greatest expectation I ever had for the book. I had written it to promote the concept of optimal f and begin to immerse readers in portfolio theory and its missing relationship with optimal f. Besides finding friends out there Portfolio Management Formulas was surprisingly met by quite an appetite for the math concerning money management. Hence this book. I am indebted to Karl Weber Wendy Grau and others at John Wiley Sons who allowed me the necessary latitude this book required. There are many others with whom I have corresponded in one sort or another or who in one way or another have contributed to helped me with or influenced the material in this book. Among them are Florence Bobeck Hugo Rourdssa Joe Bristor Simon Davis Richard Firestone Fred Gehm whom I had the good fortune of working with for awhile Monique Mason Gordon Nichols and Mike Pascaul. I also wish to thank Fran Bartlett of G H Soho whose masterful work has once again transformed my little mountain of chaos my little truckload of kindling into the finished product that you now hold in your hands. This list is nowhere near complete as there are many others who to varying degrees influenced this book in one form or another. This book has left me utterly drained and I intend it to be my last. Considering this I d like to dedicate it to the three people who have influenced me the most. To Rejeanne my mother for teaching me to .