In 'The Kelly Capital Growth Investment Criterion', Leonard C. MacLean, Edward O. Thorp, and William T. Ziemba unveil a revolutionary investment strategy that maximizes capital growth and minimizes risk. Their insightful analysis combines mathematical rigor with practical investment principles, making it an essential read for serious investors. Discover how the Kelly criterion can transform your approach to betting and stock market investments alike. This book not only challenges conventional wisdom but also provides a blueprint for attaining financial success. Are you ready to rethink your investment strategies and harness the power of growth?
By Leonard C. MacLean, Edward O. Thorp, William T. Ziemba
Published: 2012
"Investment success doesn't merely rest on the assets we choose, but on our understanding of the balance between risk and reward."
Leonard C. MacLean is an esteemed author known for his compelling narratives and ingenious storytelling. His notable works include 'The Whispering Woods,' a haunting exploration of nature and the human spirit, and 'Shadows of the Past,' which delves into the complexities of memory and regret. MacLean's writing style is characterized by rich, evocative prose and a strong sense of place, drawing readers into vividly realized worlds. Through his novels, he skillfully blends elements of mystery and psychological drama, making him a distinctive voice in contemporary literature.
Edward O. Thorp is a renowned mathematician, author, and hedge fund manager, best known for his pioneering work in the fields of both gambling and finance. Born on August 14, 1932, Thorp gained national recognition with his groundbreaking book, 'Beat the Dealer,' published in 1962, which introduced the concept of card counting in blackjack and transformed the game into a strategic endeavor. He followed this success with 'Beat the Market,' where he applied his mathematical expertise to the stock market, showcasing strategies that could achieve consistent returns. Thorp's writing is characterized by clarity, analytical rigor, and a practical approach, making complex concepts accessible to both novices and seasoned professionals. Throughout his career, he has been a strong advocate for the application of mathematical principles in everyday decision-making and investment strategies.
William T. Ziemba is a distinguished author and researcher known for his contributions to the fields of finance and operations research. He is particularly recognized for his works in optimization and decision-making processes. Notable publications include 'Handbook of Asset and Liability Management' and 'Mathematical Methods in Risk Analysis', where he explores the intricate balance between risk and return in financial contexts. Ziemba's writing style is characterized by its analytical rigor and practical applicability, making complex concepts accessible to both academics and practitioners.
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“Investment success doesn't merely rest on the assets we choose, but on our understanding of the balance between risk and reward.”
The Kelly Capital Growth Investment Criterion
By Leonard C. MacLean, Edward O. Thorp, William T. Ziemba
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