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Posts Tagged ‘edge’

Weekly Wisdom: Personal Finance With an Edge

February 7th, 2010

A lot of people avoid personal finance.

How can I tell? Look at the economy. Look at the states that are mired in debt. Look at the country. No one with any personal financial brains would let their communities slip into this kind of morass.

It’s easy to surmise that people avoid personal finance subjects because they thing it’s boring. A bunch of math. You have to deal with fractions and percentages.

But it’s not that way at all. There are webmasters and bloggers out there that make personal finance exciting–and reveal the exciting path of wealth we could be on.

So, let’s go:

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Internet, Investing, Money, Online Investing AI, Success, US Economy , , , , , , , ,

Fascinating Book: Calculated Bets

October 3rd, 2009

Yesterday I read a book that I can recommend because it was both interesting and informative. Calculated Bets: Computers, Gambling, and Mathematical Modeling to Win is the story of a college professor who decided to use his intelligence and education to make money betting on, of all sports, Jai Alai. In case you don’t know what Jai Alai is, it’s a sport that is very popular in Florida and part of the title sequence of Miami Vice. Those guys have a big hook on their hand and catch and throw a ball.

calculated-bets-book-steven-skienaThe interesting thing about the book is that the author’s goal is quite similar to what many people do when they trade stocks (or other assets): They make educated bets and try to find a system that consistently makes money.

How is betting on Jai Alai similar to trading stocks?

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Automated Trading, Great Books, Investing, Success , , , , , , ,