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A simple guide to a smarter strategy for the individual investor A Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simplicity-based framework can lead to better investment decisions. The financial market is a complex system, but that doesn't mean it requires a complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes." Information is important, but understanding and perspective are the keys to better decision-making. This book describes the proper way to view the markets and your portfolio, and show you the simple strategies that make investing more profitable, less confusing, and less time-consuming. Without ...
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Les paysages de Los Angeles caractérisent presque autant le travail de l'écrivain Raymond Chandler, que les gangsters, charlatans et femmes riches et gâtées qui peuplent ses histoires de détectives. Cet ouvrage parcourt tout Los Angeles en compagnie de Philip Marlowe, l'un des personnages principaux des romans de Chandler.
New York Times Bestseller Edward O. Thorp is the father of card counting, and in Beat the Dealer he reveals the revolutionary point system that has been successfully used by professional and amateur card players for two generations. From Las Vegas to Monte Carlo, the tables have been turned and the house no longer has the advantage at blackjack. Containing the basic rules of the game, proven winning strategies, how to overcome casino counter measures and spot cheating. Beat the Dealer is the bible for players of this game of chance. Perforated cards included in the book are a convenient way to bring the strategies into the casino. A winning strategy for the game of 21. The essentials, consolidated in simple charts, can be understood and memorized by the average player.
This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth tha...
A revised and updated edition of the blackjack player’s bible with complete information on the odds, betting strategies, and much more “A significant contribution to the literature of blackjack . . . I recommend the book to beginners as well as experts.”—Edward O. Thorpe, author of Beat the Dealer This is the most comprehensive guide ever published on blackjack, the only casino game in which a knowledgeable player can gain an advantage over the house. It features the Hi-Opt I, the most powerful simple betting system available today, and has been revised and updated to include the rules of play in Atlantic City as well as the latest information on international playing rules. No matter what your level of experience, it will teach you how to make the most money possible playing your cards. You'll learn: • How to pick a casino, with ever major casino in the world evaluated by name • How to pick a dealer • How to keep from being cheated • How to play the cards, using the Basic Strategy to your best advantage • How to win at home and at “Las Vegas nights” • How to keep from being banned once you are a winner
Two people from very different walks of life meet and fall in love but their affair is intrinsically doomed.