Here are 81 books that Fortune's Formula fans have personally recommended if you like
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Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.
Trading Systems is an encyclopedia of all the technical ideas ever devised and the trading methods associated with the technical ideas and how those methods can be used to manage risk. Like any encyclopedia, this book has far more information and insight than you can possibly absorb in a single sitting—or 50. Kaufman presents thorny math subjects with the math (if you can stomach it) and also in prose for those of us less-gifted. When I read some headline or assertion about a market that strikes me as absurd, I head straight for Kaufman to find out what he says about it. This usually ends in a reference to another author who has studied the topic in deep detail—Kaufman names just about every chart guru that ever developed anything worth knowing. I also consult Kaufman when I think I see something on a chart and want to know what it…
The new edition of the definitive reference to trading systems-expanded and thoroughly updated.
Professional and individual traders haverelied on Trading Systems and Methods for over three decades. Acclaimed trading systems expert Perry Kaufman provides complete, authoritative information on proven indicators, programs, systems, and algorithms. Now in its sixth edition, this respected book continues to provide readers with the knowledge required to develop or select the trading programs best suited for their needs. In-depth discussions of basic mathematical and statistical concepts instruct readers on how much data to use, how to create an index, how to determine probabilities, and how…
Magical realism meets the magic of Christmas in this mix of Jewish, New Testament, and Santa stories–all reenacted in an urban psychiatric hospital!
On locked ward 5C4, Josh, a patient with many similarities to Jesus, is hospitalized concurrently with Nick, a patient with many similarities to Santa. The two argue…
Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.
We sometimes think patterns like a double top or a triangle are old-fashioned and not useful, but Bulkowksi not only demonstrates but provesotherwise. He set the standard for how technical analysis should be presented—with hard facts about how a pattern is identified, how well it works on specific securities over time, its gain/loss ratio, and other data. And he provides updates on his website. Bulkowski has also done simillar work on swing trading and candlesticks. I like Bulkowski’s work because he uses the scientific approach of forming a hypothesis, testing and re-testing it, and honestly reporting whether a hypothesis is valid (or to what extent it can be trusted).
The market's bestselling and most comprehensive reference on chart patterns, backed by statistics and decades of experience
When the smart money trades the securities markets, they leave behind financial footprints. Combine enough footprints together and you have a trail to follow. That trail becomes what's called a chart pattern. Encyclopedia of Chart Patterns, Third Edition expands upon Bulkowski's immensely popular Second Edition with fully revised and updated material on chart patterns. Whether you're new to the stock market or an experienced professional trader, use this book as a reference guide to give you an edge.
Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.
You may have noticed that hardly anyone uses simple lines on a chart anymore—everyone uses candlesticks. When I was revising my own book, the technical advisor recommended just deleting the part about different types of standard bars and presenting only candlesticks. What’s so likable about Bigalow’s work is his total clarity, in the book and also on his website. He identifies the candles you need the most, shows you what they look like, applies them in real cases, and tells you the outcomes. Not only are the charts as clear as can be, so is his prose.
The updated edition to one of the most popular books on technical analysis Japanese candlestick charting and analysis is one of the most profitable yet underutilized ways to trade the market. Signals created by this unique method of technical analysis-represented in the form of graphic "candlestick" formations-identify the immediate direction and effects of investor sentiment through price movements, allowing traders to profit by spotting trend reversals before other investors. This updated version of Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits makes learning the method fast and easy by introducing specific patterns, as well as the psychology behind them. …
The problem is not with the actions young women take but with the toxic, sexist conditions they are responding to.
Tanenbaum found, based on six years of interviews with young people ages 14-30, that young women are navigating a culture littered with gendered dress codes, revenge porn, and sexually explicit…
Economics isn't really a good starting point for financial market analysis for the simple reason that its models are wildly inaccurate. As behaviorial economists like Daniel Kahneman have been showing, irrationality and the inability to measure risk properly are a very big component of the investment and trading decisions. But statistical risk management is also sloppy when applied to human behavior because people are not objects that reliably behave the same way under similar circumstances. So when you read an economist about markets or an engineer about risk management, you're missing a lot of the story. In the end, technical analysis is fascinating because how and why humans behave is an enduring mystery.
This book is a classic and the best of the many books written by traders describing trading situations and what they did to conquer the market. Sperandeo delivers concise, specific definitions of how he defines and uses trends with some of the clearest charts you will ever see. I find myself going back to some of the same pages over the years in which he discusses how to tell if a trend is undergoing a correction or is an authentic reversal.
Trader Vic -- Methods of a Wall Street Master Investment strategies from the man Barron's calls "The Ultimate Wall Street Pro" "Victor Sperandeo is gifted with one of the finest minds I know. No wonder he's compiled such an amazing record of success as a money manager. Every investor can benefit from the wisdom he offers in his new book. Don't miss it!" --Paul Tudor Jones Tudor Investment Corporation "Here's a simple review in three steps: 1. Buy this book! 2. Read this book! 3. See step 2. For those who can't take a hint, Victor Sperandeo with T. Sullivan…
I was a mailman when I became obsessed with card counting at blackjack. Not having enough money to play at a pro level, I decided to sell a mathematical formula I’d devised for evaluating games and systems. I offered it for sale through gambling newsletters at $100. I immediately had big sales because no one had ever seen a method for estimating card counters’ win rates. I got letters from college math professors asking me how I’d come up with the math. So, I started my own blackjack newsletter where I published my discoveries. I was inducted into the Blackjack Hall of Fame in 2002 and soon had big investors funding my play.
Really fun true stories about six gambling legends. Titanic Thompson never entered an official PGA event, yet made more money playing golf than most of the top pros in his era, often by beating the famous pros at their own game. Minnesota Fats never won a major pool tournament, but made so much money traveling from city to city to hustle the local pool sharks he became a legend in the Midwest pool halls. Johnny Moss cut his gambling teeth in illegal poker games in Texas and Oklahoma, then went on to win the first two World Series of Poker championships in 1970 and 1971, winning nine WSOP bracelets in total, his last one in 1988 at the age of 81, making him the oldest WSOP bracelet winner ever.
In this classic book, Jon Bradshaw singled out from the world of full-time gamblers six men who consistently win - the men who year after year, deal after deal and proposition after proposition come away with their pockets filled and their sense of infallibility intact.
Bradshaw follows three legendary poker players - Johnny Moss, Pug Pearson, and Titanic Thompson; tennis player Bobby Riggs; pool player Minnesota Fats and backgammon player Tim Holland. His evocation of ambience and his dramatic description of the games themselves are fascinating but Bradshaw also deftly probes their minds and hearts as he attempts to…
I was a mailman when I became obsessed with card counting at blackjack. Not having enough money to play at a pro level, I decided to sell a mathematical formula I’d devised for evaluating games and systems. I offered it for sale through gambling newsletters at $100. I immediately had big sales because no one had ever seen a method for estimating card counters’ win rates. I got letters from college math professors asking me how I’d come up with the math. So, I started my own blackjack newsletter where I published my discoveries. I was inducted into the Blackjack Hall of Fame in 2002 and soon had big investors funding my play.
The author, a former casino executive, exposes the industry’s “comp system,” through which casinos give away more than a billion dollars in “complimentaries” every year, as an enticement to get people to gamble. Although the book appears to be aimed at amateur gamblers looking for casino freebies (room, food, booze, show tickets, etc.), the information in this book has been devoured by professional gamblers at the highest levels because it reveals the inner workings of how players are evaluated and rated, with tips on how to look like you’re betting more than you are, how to look like you’re losing when you’re winning, and basically how to look dumb when you’re smart. I personally made a lot of money from the information in this book.
Win every time you gamble? Is that possible? It is if you play for comps.
Every year, U.S. casinos give away more than a billion dollars worth of amenities to customers in return for their gambling action. These giveaways, known as “comps” (short for complimentaries), range from parking and drinks to gourmet meals and airfare. Are you getting your share? From nickel slot players to $500 a hand blackjack high rollers, Comp City has shown tens of thousands of gamblers how to get free casino vacations.
Since the first publication of Comp City, author Max Rubin has been teaching gamblers…
Crossing is a vividly human re-imagining of the love, sacrifices, and accomplishments that two Chinese brothers - American Immigrants - experience as they travel to California to build the Transcontinental Railroad.
As a novelist, I get a lot of praise for my immersive recreation of time and place – even though I have complete aphantasia. That’s a condition affecting about 0.8% of the population, and it means I can’t form visual mental images. Ask me to close my eyes and visualise an apple, and I will see… darkness. Nothing. I suppose it’s why I’ve always loved novelists who create a picture with words. But truly great descriptive writing is about so much more than just what you can ‘see.’ These writers give you the sounds, smells, tastes, and textures of their worlds too. And they’re all wonderful storytellers.
This is another modern venture into Victoriana, with a love affair straight out of Thomas Hardy, ruined by mutual misunderstanding. Its characters are heartbreakingly real and utterly original, and it closes with one of the most memorable set-piece scenes I’ve ever read. I won’t spoil the surprise because it occurs about 400 pages into this long, seductive novel, but it’s a stunningly sensory and dramatic moment.
Peter Carey's novel of the undeclared love between clergyman Oscar Hopkins and the heiress Lucinda Leplastrier is both a moving and beautiful love story and a historical tour de force set in Victorian times. Made for each other, the two are gamblers - one obsessive, the other compulsive - incapable of winning at the game of love.
Oscar and Lucinda is now available as a Faber Modern Classics edition.
The author of biographies, histories, and true crime books, Howard Sounes is best-known for Down the Highway: The Life of Bob Dylan, now in an updated edition; Charles Bukowski: Locked in the Arms of a Crazy Life; and Fred & Rose, the bestselling story of married English serial killers Fred and Rose West. Other books include Amy, 27, Seventies, Heist, and biographies of Paul McCartney and Lou Reed.
A doctor interviews an elderly Japanese yakuza (gangster) as he recalls his life. Adhering to his own criminal code, the yakuza exudes a wayward nobility as he discusses the choices he made. Bob Dylan saw romance in this and quoted from the yakuza’s dialogue on his album, Love and Theft.
This is the true story, as told to the doctor who looked after him just before he died, of the life of one of the last traditional yakuza in Japan. It wasn't a good' life, in either sense of the word, but it was an adventurous one; and the tale he has to tell presents an honest and oddly attractive picture of an insider in that separate, unofficial world. In his low, hoarse voice, he describes the random events that led the son of a prosperous country shopkeeper to become a member, and ultimately the leader, of a gang organizing…
I love a romance where the hero has his viewpoint changed by the woman he falls in love with. He might become a better family man, or transform his politics, or change his priorities, but it all cases loving her alters him. Additionally, I love a heroine who is exceptional in a distinct way but overlooked or dismissed by others. They can be bluestockings or spinsters, reformers or quiet and shy, but they’re all steadfast and they all derive strength from the hero’s support. In short, the love they find together makes them better people.
I loved this book because Penelope is supposed to be a means to an end, but she ends up being Bourne's everything.
Bourne wants revenge. He believes that his happiness lies in recovering the land that he foolishly lost in a card game. Penelope proves to him that regaining his legacy is not enough. She helps him rediscover the man he would have become if he hadn’t lost everything that mattered to him.
When he lets himself love her, he chooses to abandon his quest for revenge so he can be worthy. Bourne is an absolute sweetheart by the end and is completely devoted to his wife.
A decade ago, the Marquess of Bourne was cast from society with nothing but his title. Now a partner in London's most exclusive gaming hell, the cold, ruthless Bourne will do whatever it takes to regain his inheritance—including marrying perfect, proper Lady Penelope Marbury.
A broken engagement and years of disappointing courtships have left Penelope with little interest in a quiet, comfortable marriage, and a longing for something more. How lucky that her new husband has access to an unexplored world of pleasures.
At five years old, Kasiel was found with the pointed ends of his ears cut off. Despite that brutal start, he’s lived twelve peaceful years with the man who took him in. Keeping his hair long over his mutilated ears helps him hide the fact that he is Vanrian, a…
As the kid of tournament bridge and Scrabble players, I’ve been hooked on games my whole life. None more so than poker, which has helped me make a living both at the tables and as a writer. I’m currently working on a TV adaptation of Ship It Holla Ballas!
In a self-conscious effort to re-enact Positively Fifth Street’s reimagining of the writer’s journey,Grantland Magazine assigned Colson Whitehead to cover the 2011 World Series in exchange for the $10,000 entry fee. He falls short of matching McManus’ success on the felt, but that’s not really the point: the meat is in the interaction between the poker and Whitehead’s struggle with depression. Which might be unbearable in the hands of anyone other than Colson Whitehead, maybe the best there is at crafting sentences that will make you laugh and wince at the same time.
From the two-time Pulitzer Prize-winning author of The Underground Railroad and The Nickel Boys • “Whitehead proves a brilliant sociologist of the poker world.” —The Boston Globe
In 2011, Grantland magazine gave bestselling novelist Colson Whitehead $10,000 to play at the World Series of Poker in Las Vegas. It was the assignment of a lifetime, except for one hitch—he’d never played in a casino tournament before. With just six weeks to train, our humble narrator took the Greyhound to Atlantic City to learn the ways of high-stakes Texas Hold’em.
Poker culture, he discovered, is marked by joy, heartbreak, and grizzled…