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Beat the Market: A Scientific Stock Market System by Edward O. Thorp, Sheen T. Kassouf is a nonfiction available to read on EtoBox.

What is Beat the Market: A Scientific Stock Market System about?

Книга Beat the Market: A Scientific Stock Market System Beat the Market: A Scientific Stock Market SystemКниги Экономика Автор: Edward O. Thorp Год издания: 1967 Формат: pdf Издат.:Random House Страниц: 229 Размер: 1,7 ISBN: 0394424395 Язык: Английский0 (голосов: 0) Оценка:Readers' reviews:\*The basic premise of this book is to long stock and delta hedge w/ out of the money warrants. This was great when the tax incentives encouraged corporations to sell bonds w/ detachable warrants rather than selling convertible bonds. In addition, valuing the warrants was tricky prior to the use of the Black-Scholes model. This strategy - delta neutral covered calls - is profitable when the market has peaked out but you can get your handed to you if you employ it in a scenario such as '99-'00. Further their reocmmendations that you short more as your warrants fall is very dangerous - shorting a lot of gamma. The warrant game played itself out and the authors made a a lot of money. This is a very interesting book written by a very profitable hedge fund manager, but I would not recommend attempting to replicate this strategy w/ LEAPS. Pricing is much tighter now so your margin of error has dramatic

Who reads Beat the Market: A Scientific Stock Market System?

Author

Edward O. Thorp, Sheen T. Kassouf

Publisher

Random House, Incorporated

Published

1967

Language

EN

ISBN

9780394424392

Category

nonfiction

Subjects

Economics, Fiction, Investing

Rating

4.11 / 5 (50 ratings)

Updated

2026-03-14