- Shopping Bag ( 0 items )
Posted December 22, 2008
I Also Recommend:
Won't make you rich, but will make you think -- and laugh.
I really like this book, and you might too, if you treat it as what it is -- a series of (usually amusing) observations and anecdotes about how stock prices change as a result of peoples perceptions about how stock prices change. <BR/><BR/>Here are some of the gems: <BR/><BR/>ON GREED: The guy who found a $5 casino chip, and through a series of bets built up a multi-million pound fortune; then lost it all on the final spin of the wheel, and when reporting back to his wife said that he had "only lost $5". <BR/><BR/>ON FUNDAMENTALS: Worldcom had an extremely low P/E (which we would naively assume to be a good thing) just before going bankrupt. <BR/><BR/>Paulos draws mathematical analogies occasionally, but not as often as you might think from the title. It is very accessible to non-mathematicians; who can take the examples at face value, laugh at them, and try to learn something from them. <BR/><BR/>This book won't make you rich, but it will make you think -- and laugh.
1 out of 1 people found this review helpful.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.