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…
A moving story of love, betrayal, and the enduring power of hope in the face of darkness.
German pianist Hedda Schlagel's world collapsed when her fiancé, Fritz, vanished after being sent to an enemy alien camp in the United States during the Great War. Fifteen years later, in 1932, Hedda…
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. …
Coyote weather is the feral, hungry season, drought-stricken, and ready to catch fire. It’s 1967, and the American culture is violently remaking itself while the country is forcibly sending its young men to fight in a deeply unpopular war.
Jerry has stubbornly made no plans for the future because he…
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…
Growing up in a strait-laced Southern family, I was always fascinated with casinos. In my twenties on a summer hiatus from teaching in North Carolina, I drove to California and became a dealer at Caesars in Lake Tahoe. My mother highly disapproved of my working in a casino, "a place so bad it has 'sin' in the middle." Eventually, I returned east to take a hi-tech job in Boston. I also began working on my MFA in writing at Emerson. My characters were breathed into life from my years in the gambling industry. You learn a lot about the human personality when you watch thousands of people from behind the felt of a blackjack table.
This is a novel based on Frederick’s own gambling addiction on the Mississippi riverboats. Ray and Jewel Kaiser love to gamble, until a fun night out becomes a compulsion. They find themselves showing up at the Paradise casino all hours of the day and night, becoming intimate with the employees and escalating their bets. After visiting the area, I knew the scenes in the casino ring true and the dialogue is so on point, that you root for Ray and Jewel even though in the back of your mind you know the house always wins.
A New York Times Notable Book In this darkly funny story, Ray and Jewel Kaiser try (and push) their luck at the Paradise casino. Peopled with dazed denizens, body-pierced children, a lusty grocery-store manager, and hourly employees in full revolt, this is a novel about wising up sooner rather than later--"a wise and funny tale" (New York Times Book Review) that is "masterfully observed" (John Barth).
I’ve been playing card games since childhood, and have had a parallel interest in the mathematics behind the games for nearly as long. While I didn’t visit Las Vegas in person until 2000, the stories of how that city was built around the gaming industry quickly came to fascinate me. Digging into the details of the people who have made that city what it is and have come to make their way in the desert has been a fascinating sidelight that has enhanced my recent work writing books on gambling mathematics.
No list of Las Vegas entrepreneurs is complete without Bob Stupak, the marketing mastermind who successfully sold many tourists on a visit to Vegas World, a small casino at the far northern end of the Las Vegas Strip.
The self-described maverick challenged the more established Las Vegas casinos throughout his career, culminating in the building of the Stratosphere Tower which now anchors the Las Vegas skyline. His story mingling success and failure is skillfully told here by a titan of Nevada journalism.
Of all the modern Las Vegas casino operators, none had more flair than Bob Stupak. The self-proclaimed "Polish Maverick" rose from humble origins as the son of a Pittsburgh boss gambler to head one of the largest privately owned casinos in Las Vegas, the infamous Vegas World. Stupak parlayed a small slot joint into a $100 million-a-year gambling operation by manipulating the local and national media with outrageous stunts and promotions. His headline-grabbing handiwork is now the stuff of Las Vegas legend.
Remember Vegas World's VIP Vacation? Stupak's cleverly worded advertisements flooded millions of mailboxes around the country and appeared…
Homeless following the death of his adoptive parents in a car crash and the subsequent loss of their farm tenancy, Seb decides to enrol as a residential student at the Asklepios Foundation, a College of Natural Medicine, boasting a sanctuary modelled on an ancient Greek healing temple. Spending a night…
Growing up in a strait-laced Southern family, I was always fascinated with casinos. In my twenties on a summer hiatus from teaching in North Carolina, I drove to California and became a dealer at Caesars in Lake Tahoe. My mother highly disapproved of my working in a casino, "a place so bad it has 'sin' in the middle." Eventually, I returned east to take a hi-tech job in Boston. I also began working on my MFA in writing at Emerson. My characters were breathed into life from my years in the gambling industry. You learn a lot about the human personality when you watch thousands of people from behind the felt of a blackjack table.
How does a girl go from working in a Thai restaurant to running a sports gambling operation in Costa Rica? All roads lead through Las Vegas, where Beth meets Dink a math genius. Sports bettors love to hang out in casinos it’s like a contact high. He hires her and she trains in the Vegas casinos. She not only becomes enthralled with the eccentric Dink and the colorful cast of characters that surround him but she shares their stories with you. It was the early days of Internet gambling, a free for all or so they thought. It is great to view the industry through the observant eyes of Beth whose colorful descriptions bring the characters to life.
“Beth Raymer’s crackling, hilarious memoir ricochets through the gambling underworld in Las Vegas, and is peopled with all manner of lovable wack-jobs, none of whom is quite as wacky—or lovable—as Raymer herself.”—Marie Claire
Beth Raymer waited tables at a dive in Las Vegas until a customer sent her to see Dink, of Dink Inc., one of the town’s biggest professional sports gamblers. Dink needed a right-hand man—someone who would show up on time, who had a head for numbers, and who didn’t steal. Beth got the job.
Lay the Favorite is the story of Beth’s years in the…
I’ve been playing card games since childhood, and have had a parallel interest in the mathematics behind the games for nearly as long. While I didn’t visit Las Vegas in person until 2000, the stories of how that city was built around the gaming industry quickly came to fascinate me. Digging into the details of the people who have made that city what it is and have come to make their way in the desert has been a fascinating sidelight that has enhanced my recent work writing books on gambling mathematics.
Many people, including Bill Bennett from Forgotten Man, played big parts in the building, opening, and subsequent operation of the Luxor Casino in Las Vegas. They tell their stories in Super Casino.
I am a big fan of logistics in general, and found the details of what goes into the Las Vegas casino industry in the 1990s (just before I started visiting Las Vegas and writing about gambling mathematics) to be a fascinating look behind the scenes.
Las Vegas was a mob town built on restlessness and hunger, on glitter, greed, and the firm belief that anyone can get lucky once. But in the last decade Las Vegas has had its own change of fortune, transforming itself from a gambler's fun house to one of the country's top family vacation spots. Now Pete Earley--the investigative journalist and award-winning author who stormed Leavenworth in The Hot House--takes us inside today's colossal theme casinos, in a fascinating look at the life, death, and fantastic rebirth of the Las Vegas Strip.
I have been studying Celtic myth and history since I was in college and took a class on Arthurian literature. Drawing heavily from Irish and Welsh lore to build my “land beyond the veil” known as the Five Quarters, I have always been intrigued by the Celtic view of the land of the dead as a distinct world to which we go and then return, like two sides of the mirrored surface of a well. I hope you enjoy these mythic fantasy books as much as I did!
As I read this book, it made me think of American Gods. The presence of god-like forces of good and evil interfering with human lives is the basis for all mythic stories, and I love the wit and humor with which Powers delivers this tale.
The story references myth directly, and the random chance so loved by the gods is a driving force behind this novel of redemption and crazy, universal connections.
Twenty years ago Scott Crane abandoned his career as a professional poker player and went into hiding, after a weird high-stakes game played with Tarot cards. But now the cards - and the supernatural powers behind them - have found him again.
Crane's father killed gangster Bugsy Siegel in 1948 to become the Fisher King, and to keep that power he is determined to kill his son. Now Scott Crane must cross the Mojave Desert to his father's Perilous Chapel in Las Vegas, and take up the cards again for one last poker duel. And the stakes are the highest…
Marriage and Fatherhood in the Nazi SS
by
Amy Carney,
When I was writing this book, several of my friends jokingly called it the Nazi baby book, with one insisting it would make a great title. Nazi Babies – admittedly, that is a catchy title, but that’s not exactly what my book is about. SS babies would be slightly more…
Growing up in a strait-laced Southern family, I was always fascinated with casinos. In my twenties on a summer hiatus from teaching in North Carolina, I drove to California and became a dealer at Caesars in Lake Tahoe. My mother highly disapproved of my working in a casino, "a place so bad it has 'sin' in the middle." Eventually, I returned east to take a hi-tech job in Boston. I also began working on my MFA in writing at Emerson. My characters were breathed into life from my years in the gambling industry. You learn a lot about the human personality when you watch thousands of people from behind the felt of a blackjack table.
Standing behind the table, blackjack dealers are always on the lookout for card counters, find one and they are booted out. Can a team from M.I.T. really break the casino? Card counting is all in the math and as he and his fellow team members hit Vegas they learn how to bet on the count. I think this book really shines when he goes behind the scenes to explore the deceptions the team went through to try to deceive the casino. Well, they can for a while and it’s fun to follow them on their rise and fall.
The #1 national bestseller, now a major motion picture, 21—the amazing inside story about a gambling ring of M.I.T. students who beat the system in Vegas—and lived to tell how.
Robin Hood meets the Rat Pack when the best and the brightest of M.I.T.’s math students and engineers take up blackjack under the guidance of an eccentric mastermind. Their small blackjack club develops from an experiment in counting cards on M.I.T.’s campus into a ring of card savants with a system for playing large and winning big. In less than two years they take some of the world’s most sophisticated…
