3 ms·
Ed Thorp AND Claude Shannon! One of the best nontechnical finance books ever written. In practice though, positioning doesn’t work like that in modern times be
by throwastrike 5y ago
Ed Thorp AND Claude Shannon! One of the best nontechnical finance books ever written.
In practice though, positioning doesn’t work like that in modern times because a lot of your entries and exits happen around liquidity events. However, it is very pertinent for biotech stocks and special situations where you are dealing with discrete outcomes.