"For the serious investor, trader, or money manager, this booktakes a rewarding look into modern portfolio theory. Vinceintroduces a leverage-space portfolio model, tweaks it for thedrawdown probability, and delivers a superior model. He evenprovides equations to maximize returns for a chosen level of risk.So if you're serious about making money in today's markets, buythis book. Read it. Profit from it."
—Thomas N. Bulkowski, author, Encyclopedia of ChartPatterns
"This is an important book. Though traders routinely speak oftheir 'edge' in the marketplace and ways of handling 'risk,' fewcan define and measure these accurately. In this book, Ralph Vincetakes readers step by step through an understanding of themathematical foundations of trading, significantly extending hisearlier work and breaking important new ground. His lucid writingstyle and liberal use of practical examples make this book mustreading."
—Brett N. Steenbarger, PhD, author, The Psychology ofTrading and Enhancing Trader Performance
"Ralph Vince is one of the world's foremost authorities onquantitative portfolio analysis. In this masterly contribution,Ralph builds on his early pioneering findings to address thereal-world concerns of money managers in the trenches-how tosystematically maximize gains in relation to risk."
—Nelson Freeburg, Editor, Formula Research
"Gambling and investing may make strange bedfellows in the eyesof many, but not Ralph Vince, who once again demonstrates that anopen mind is the investor's most valuable asset. What does betsizing have to do with investing? The answer to that question andmany more lie inside this iconoclastic work. Want to make the mostof your investing skills Open this book."
—John Bollinger, CFA, CMT, www.BollingerBands.com