Description
Book SynopsisTHE NEW MONEY MANAGEMENT
In his bestselling Portfolio Management Formulas and TheMathematics of Money Management, Ralph Vince brought the complexmathematics of probability and modern portfolio management theorydown to earth for traders and investors. He introduced innovativenew ways they could be used to maximize account managementdecisions. Now, in this groundbreaking new book, Vince takes aquantum leap forward to provide investment professionals with aproven new approach to portfolio management that overturns nearly ahalf-century of accepted wisdom about asset allocation and moneymanagement.
The culmination of Ralph Vince''s years spent probing the limits ofthe mathematics of portfolio management, The New Money Managementelaborates on his celebrated Optimal f notion--a concept which willbe familiar to readers of either of Vince''s previous books--toprovide a revolutionary portfolio management model designed tooptimize account performance, not just in the long run, b
Table of ContentsA New Framework.
Laws of Growth, Utility, and Finite Streams.
Conditional Probabilities Involving Correlation.
A New Model.
Money Management for Money Managers.
Bibliography and Sources.
Index.
