Get a free audiobook
-
Fortune's Formula
- The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
- Narrated by: Jeremy Arthur
- Length: 10 hrs and 2 mins
- Categories: Money & Finance, Personal Finance
People who bought this also bought...
-
The Man Who Solved the Market
- How Jim Simons Launched the Quant Revolution
- Written by: Gregory Zuckerman
- Narrated by: Will Damron
- Length: 10 hrs and 44 mins
- Unabridged
-
Overall
-
Performance
-
Story
Jim Simons is the greatest money maker in modern financial history. No other investor - Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros - can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth 23 billion dollars.
-
-
Good book, can't get much details of the how to
- By Sean Arani on 2020-01-26
-
Unknown Market Wizards
- The Best Traders You've Never Heard Of
- Written by: Jack D. Schwager
- Narrated by: DJ Holte
- Length: 12 hrs
- Unabridged
-
Overall
-
Performance
-
Story
Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers.
-
-
As good, if not better than the others
- By Claude, Calgary on 2021-01-05
-
Security Analysis: Sixth Edition
- Foreword by Warren Buffett
- Written by: Benjamin Graham, David Dodd
- Narrated by: Scott R. Pollak
- Length: 32 hrs and 23 mins
- Unabridged
-
Overall
-
Performance
-
Story
First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd. As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing”, have withstood the test of time across a wide diversity of market conditions, countries, and asset classes.
-
-
Really educational but tough
- By Black-Ippo on 2020-12-18
-
A Man for All Markets
- From Las Vegas to Wall Street, How I Beat the Dealer and the Market
- Written by: Edward O. Thorp, Nassim Nicholas Taleb - foreword
- Narrated by: Edward O. Thorp
- Length: 16 hrs and 30 mins
- Unabridged
-
Overall
-
Performance
-
Story
The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.
-
-
This is a great read!
- By Anonymous User on 2018-11-19
-
Fooling Some of the People All of the Time
- A Long Short Story
- Written by: David Einhorn
- Narrated by: L. J. Ganser
- Length: 13 hrs and 20 mins
- Unabridged
-
Overall
-
Performance
-
Story
At its most basic level, Allied Capital is the story of Wall Street at its worst. But the story is much bigger than one little-known company. Fooling Some of the People All of the Time is an important call for effective law enforcement, free speech, and fair play.
-
-
Great real story.
- By Kindle Customer on 2020-12-17
-
The Dhandho Investor
- The Low-Risk Value Method to High Returns
- Written by: Mohnish Pabrai
- Narrated by: Neil Shah
- Length: 5 hrs and 4 mins
- Unabridged
-
Overall
-
Performance
-
Story
In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business-savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger.
-
-
Very good read!!!
- By Global3xchange on 2019-12-19
-
The Man Who Solved the Market
- How Jim Simons Launched the Quant Revolution
- Written by: Gregory Zuckerman
- Narrated by: Will Damron
- Length: 10 hrs and 44 mins
- Unabridged
-
Overall
-
Performance
-
Story
Jim Simons is the greatest money maker in modern financial history. No other investor - Warren Buffett, Peter Lynch, Ray Dalio, Steve Cohen, or George Soros - can touch his record. Since 1988, Renaissance's signature Medallion fund has generated average annual returns of 66 percent. The firm has earned profits of more than $100 billion; Simons is worth 23 billion dollars.
-
-
Good book, can't get much details of the how to
- By Sean Arani on 2020-01-26
-
Unknown Market Wizards
- The Best Traders You've Never Heard Of
- Written by: Jack D. Schwager
- Narrated by: DJ Holte
- Length: 12 hrs
- Unabridged
-
Overall
-
Performance
-
Story
Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers.
-
-
As good, if not better than the others
- By Claude, Calgary on 2021-01-05
-
Security Analysis: Sixth Edition
- Foreword by Warren Buffett
- Written by: Benjamin Graham, David Dodd
- Narrated by: Scott R. Pollak
- Length: 32 hrs and 23 mins
- Unabridged
-
Overall
-
Performance
-
Story
First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd. As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing”, have withstood the test of time across a wide diversity of market conditions, countries, and asset classes.
-
-
Really educational but tough
- By Black-Ippo on 2020-12-18
-
A Man for All Markets
- From Las Vegas to Wall Street, How I Beat the Dealer and the Market
- Written by: Edward O. Thorp, Nassim Nicholas Taleb - foreword
- Narrated by: Edward O. Thorp
- Length: 16 hrs and 30 mins
- Unabridged
-
Overall
-
Performance
-
Story
The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street.
-
-
This is a great read!
- By Anonymous User on 2018-11-19
-
Fooling Some of the People All of the Time
- A Long Short Story
- Written by: David Einhorn
- Narrated by: L. J. Ganser
- Length: 13 hrs and 20 mins
- Unabridged
-
Overall
-
Performance
-
Story
At its most basic level, Allied Capital is the story of Wall Street at its worst. But the story is much bigger than one little-known company. Fooling Some of the People All of the Time is an important call for effective law enforcement, free speech, and fair play.
-
-
Great real story.
- By Kindle Customer on 2020-12-17
-
The Dhandho Investor
- The Low-Risk Value Method to High Returns
- Written by: Mohnish Pabrai
- Narrated by: Neil Shah
- Length: 5 hrs and 4 mins
- Unabridged
-
Overall
-
Performance
-
Story
In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business-savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger.
-
-
Very good read!!!
- By Global3xchange on 2019-12-19
-
The Deficit Myth
- Modern Monetary Theory and the Birth of the People's Economy
- Written by: Stephanie Kelton
- Narrated by: Stephanie Kelton
- Length: 10 hrs and 52 mins
- Unabridged
-
Overall
-
Performance
-
Story
Stephanie Kelton's brilliant exploration of modern monetary theory (MMT) dramatically changes our understanding of how we can best deal with crucial issues ranging from poverty and inequality to creating jobs, expanding health care coverage, climate change, and building resilient infrastructure. Any ambitious proposal, however, inevitably runs into the buzz saw of how to find the money to pay for it, rooted in myths about deficits that are hobbling us as a country.
-
-
MMT is the only theory that explains post-2008
- By Michael on 2020-07-31
-
Mastering the Trade, Third Edition
- Proven Techniques for Profiting From Intraday and Swing Trading Setups
- Written by: John Carter
- Narrated by: Scott R. Pollak
- Length: 19 hrs and 13 mins
- Unabridged
-
Overall
-
Performance
-
Story
The go-to guide for launching a lucrative career in trading - fully updated for today’s turbulent markets. One of today’s most successful traders, John F. Carter has made his popular guide more relevant and effective than ever. This new audio edition of Mastering the Trade includes the essential content that has made it a bestselling classic, and includes critical new information for making the best trading decisions in every situation.
-
What I Learned Losing a Million Dollars
- Written by: Jim Paul, Brendan Moynihan, Jack Schwager (foreword)
- Narrated by: Patrick Lawlor
- Length: 7 hrs and 29 mins
- Unabridged
-
Overall
-
Performance
-
Story
Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all - his fortune, his reputation, and his job - in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors.
-
-
I am floored!
- By Amazon Customer on 2019-08-28
-
The Little Book of Currency Trading
- How to Make Big Profits in the World of Forex
- Written by: Kathy Lien
- Narrated by: Walter Dixon
- Length: 4 hrs and 33 mins
- Unabridged
-
Overall
-
Performance
-
Story
Once dominated by global banks, hedge funds, and multinational corporations, the foreign exchange market, or forex, is now easily accessible to traders and investors around the world. But in order to make the most of your time in this market, you need to have a firm understanding of how it works. Written by forex expert Kathy Lien, The Little Book of Currency Trading shows you how to effectively trade and invest in today’s biggest market. Page by page, she describes the multitude of opportunities possible in the forex market....
-
-
good praticle advise
- By Gabriel on 2018-05-31
-
Thinking in Bets
- Making Smarter Decisions When You Don't Have All the Facts
- Written by: Annie Duke
- Narrated by: Annie Duke
- Length: 6 hrs and 50 mins
- Unabridged
-
Overall
-
Performance
-
Story
In Super Bowl XLIX, Seahawks coach Pete Carroll made one of the most controversial calls in football history: With 26 seconds remaining, and trailing by four at the Patriots' one-yard line, he called for a pass instead of a handing off to his star running back. The pass was intercepted, and the Seahawks lost. Critics called it the dumbest play in history. But was the call really that bad? Or did Carroll actually make a great move that was ruined by bad luck? Even the best decision doesn't yield the best outcome every time.
-
-
Good book
- By Anonymous User on 2020-06-15
-
Dark Pools
- The Rise of A.I. Trading Machines and the Looming Threat to Wall Street
- Written by: Scott Patterson
- Narrated by: Byron Wagner
- Length: 11 hrs and 36 mins
- Unabridged
-
Overall
-
Performance
-
Story
Dark Pools is the pacy, revealing, and profoundly chilling tale of how global markets have been hijacked by trading robots - many so self-directed that humans can’t predict what they’ll do next. It’s the story of the blisteringly intelligent computer programmers behind the rise of these ‘bots’. And it’s a timely warning that as artificial intelligence gradually takes over, we could be on the verge of global meltdown.
-
-
Poor volume control of narration
- By albertagirl on 2020-09-20
-
The Little Book That Still Beats the Market
- Written by: Joel Greenblatt
- Narrated by: Adam Grupper
- Length: 3 hrs and 51 mins
- Unabridged
-
Overall
-
Performance
-
Story
Now, with a new Introduction and Afterword for 2010, The Little Book that Still Beats the Market updates and expands upon the research findings from the original book. Included are data and analysis covering the recent financial crisis and model performance through the end of 2009. In a straightforward and accessible style, the book explores the basic principles of successful stock market investing and then reveals the author’s time-tested formula....
-
-
Loved the book
- By Amazon Customer on 2018-09-14
-
100 Baggers
- Stocks That Return 100-to-1 and How to Find Them
- Written by: Christopher W. Mayer
- Narrated by: Tom Jacobs
- Length: 6 hrs and 19 mins
- Unabridged
-
Overall
-
Performance
-
Story
This book is about 100-baggers. These are stocks that return $100 for every $1 invested. That means a $10,000 investment turns into $1 million. Chris Mayer can help you find them. In 100-Baggers, you will learn the key characteristics of 100-baggers why anybody can do this. It is truly an everyman's approach. You don t need an MBA or a finance degree. Some basic financial concepts are all you need.
-
-
No 1 investment book in my opinion
- By Atonu Das on 2020-09-13
-
Mastering the Market Cycle
- Getting the Odds on Your Side
- Written by: Howard Marks
- Narrated by: LJ Ganser, Howard Marks
- Length: 9 hrs and 39 mins
- Unabridged
-
Overall
-
Performance
-
Story
The legendary investor shows how to identify and master the cycles that govern the markets. We all know markets rise and fall, but when should you pull out, and when should you stay in? The answer is never black or white, but is best reached through a keen understanding of the reasons behind the rhythm of cycles. Confidence about where we are in a cycle comes when you learn the patterns of ups and downs that influence not just economics, markets and companies, but also human psychology and the investing behaviors that result.
-
-
Good review on market cycles...
- By Randy charko on 2019-02-14
-
Reminiscences of a Stock Operator
- Written by: Edwin Lefevre
- Narrated by: Rick Rohan
- Length: 9 hrs and 52 mins
- Unabridged
-
Overall
-
Performance
-
Story
First published in 1923, this lightly fictionalized biography of Jesse Livermore, one of the greatest market speculators ever, is widely regarded as one of best investment books of all time. Reminiscences of a Stock Operator is the resource that generations of investors have turned to when they needed deeper insight into their own investing habits and those of others. Listen to this work, featuring narrator Rick Rohan, and you'll soon discover your portfolio growing in new and unexpected ways!
-
-
You could read this every year.
- By caz k. on 2019-08-26
-
The Psychology of Money
- Timeless Lessons on Wealth, Greed, and Happiness
- Written by: Morgan Housel
- Narrated by: Chris Hill
- Length: 5 hrs and 48 mins
- Unabridged
-
Overall
-
Performance
-
Story
Money - investing, personal finance, and business decisions - is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money.
-
-
Literally changed my financial life!
- By Michel Lefebvre on 2021-01-15
-
The General Theory of Employment, Interest, and Money
- Written by: John Maynard Keynes
- Narrated by: Jonathan Keeble
- Length: 14 hrs and 37 mins
- Unabridged
-
Overall
-
Performance
-
Story
First published in 1936, Keynes’ ideas had evolved during the difficulties following World War 1 in Europe, and the US crash and the Depression of the 1920s-'30s and the misery of mass unemployment. He deplored the situation where a few individuals or companies stored massive wealth while vast numbers experienced poverty and insecurity (his alarm bells ring today!) and sought to promote initiatives where governments could intervene with social projects to keep money fluctuating.
Publisher's Summary
In 1956 two Bell Labs scientists discovered the scientific formula for getting rich. One was mathematician Claude Shannon, neurotic father of our digital age, whose genius is ranked with Einstein's. The other was John L. Kelly Jr., a Texas-born gun-toting physicist. Together they applied the science of information theory - the basis of computers and the Internet - to the problem of making as much money as possible as fast as possible.
Shannon and MIT mathematician Edward O. Thorp took the "Kelly formula" to Las Vegas. It worked. They realized that there was even more money to be made in the stock market. Thorp used the Kelly system with his phenomenally successful hedge fund, Princeton-Newport Partners. Shannon became a successful investor, too, topping even Warren Buffett's rate of return. Fortune's Formula traces how the Kelly formula sparked controversy even as it made fortunes at racetracks, casinos, and trading desks. It reveals the dark side of this alluring scheme, which is founded on exploiting an insider's edge.
Shannon believed it was possible for a smart investor to beat the market - and Fortune's Formula will convince you that he was right.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
What listeners say about Fortune's Formula
Reviews - Please select the tabs below to change the source of reviews.
-
Overall
-
Performance
-
Story
- Michael
- 2017-11-08
Could be MUCH shorter
Oddly the narrator repeatedly refers to the accompanying PDF which I could not find. I emailed support about this.
Nevertheless this was a fine book describing the Kelly formula for investment/betting decisions. This remarkably simple formula is powerful, widely applicable, and easy to understand. In fact, it is so easy to understand most of this book is unnecessary to understanding the formula. Much of the book is very mildly interesting stories about shady bookies and investment managers that have little, or nothing, to do with the Kelly Formula along with various other investment/betting strategies having nothing to do with the Kelly Formula.
I was not impressed with the presentation of the St. Petersburg Paradox. It is well described, but the underlying reason for the paradox seems to be completely missed. This is important because the book later discusses the differences between using the arithmetic verse geometric means. The important take away from the St. Petersburg Paradox is that any mean is worthless if the variance is too large. This variance problem is touched on elsewhere in the book, but it is not appropriately highlighted.
The narration is really excellent.
I enjoyed this book but it would have been better if much more focused on simply understanding the Kelly Formula.
7 people found this helpful
-
Overall
-
Performance
-
Story
- William C Scott
- 2020-10-28
Very entertaining. Also leads to much further research
I really enjoyed this book. It references most of the important figures that occupy the Venmo diagram of quantitative finance, gambling, and statistics/probability theory. Really cool listen.
-
Overall
-
Performance
-
Story
- Gabriel K.
- 2020-07-26
Kelly Criterion
This is the moost important thing to learn when investing or gambling: learn how to never go bust!
-
Overall
-
Performance
-
Story
- K. Cuddeback
- 2020-06-19
Great story. Small pronunciation quirks
I am used to "arithmetic" as a noun being pronounced differently from arithmetic as an adjective
-
Overall
-
Performance
-
Story
- Anonymous User
- 2020-02-14
Incredible
A surprisingly varied and engaging story that connects wildly different ideas. A great story for any day
-
Overall
-
Performance
-
Story
- Rob McCann
- 2019-01-22
The Origin of Betting Strategy
Connecting betting theory to investing, a gripping read of how to use what is now called "analytics" to gambling, and ultimately to the stock market
-
Overall
-
Performance
-
Story
- HS
- 2018-09-24
TL;dr Kelly's Criteria
The book has an amazing story to tell but waltzes around it for the first few chapters. It introduces great historical figures such as Shannon and Thorp early on to dazzle everyone about their adventures into gambling. Only a few hours into the book do you get introduced to Kelly's formula. Although Poundstone and Arthur do their best to illustrate the elegance of the formula, it would only serve better with the PDF at hand. It's quite hard for someone to grasp how fast 2 to the 11th power really accumulates first hand. Overall, great story and good performance. A must read for anyone into money management.
-
Overall
-
Performance
-
Story
- 2LC
- 2018-07-18
A must read or in this case a must listen
Biography of finding the perfect investment. a brief history of bright people and the association of money putting it to work correctly.