Formulas for Optimal Allocation & Leverage
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
"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
?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