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Books : A Mathematician Plays the Stock Market

by: John Allen Paulos

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List Price: $25.00
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Sales Rank: 2,118
Release Date: 13 May, 2003
Media: Hardcover
Manufacturer: Basic Books




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Customer Reviews
Average Rating: 3.65 out of 5 stars

Rating: 2 out of 5 stars - light reading no substance
If you know only a little mathematics and less about the market you too could write a book at this elementry level. Perhaps the title should have been "A mathematician recoups his loss from worldcom by selling his story". A better book that covers much of the same ground is Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life by Nassim Nicholas Taleb



Rating: 5 out of 5 stars - Of Numbers, Odds, Emotions and Crooks!
If you would like an objective view of the stock market, are comfortable with math and enjoy a little irreverence in your investment reading, you will love this book. The material is easily accessible for anyone who finds algebra not too taxing. Professor Paulos minimizes the formulas for you by using anecdotes, simple brain teasers and practical examples instead.

What makes the book delightful is his self-effacing sense of humor. I cannot remember reading another book in which a writer is as candid and funny about his own failings as an investor. Only Andy Tobias comes anywhere close. The book's running joke is the professor's disastrous obsession with buying WorldCom stock using borrowed money before it became apparent that the company's reported earnings had more to do with wishful ... Read More



Rating: 1 out of 5 stars - It's one star because I can't rate it less
John Allen Paulos bought some Worldcom during the boom. Like most people, he then went around bragging to colleagues about how smart he was when it came to picking stocks. Probably giving financial advice, stock tips , and trying to impress women at cocktail parties and faculty mixers (desperately attempting to prove he wasn't just a math geek). When Worldcom went south, Mr Paulos kept reassuring people he knew what he was doing - "it's just a temporary setback". When it finally all fell apart, and everyone started needling him about it, Mr Paulos and all his education had to explain why he faired no better than the guy who cleans the toilets. That is how, I believe, this book came about. This book trashs every known stock market investing theory and hypothesizes the market cannot be predicted, and ... Read More

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