Monday, January 10, 2011

‘Too many eggs, or too many baskets?'

BookValue
The Little Book of Sideways Markets: How to make money in markets that go nowhere
Vitaliy N. Katsenelson
( http://www.wiley.com/)

Pay attention to hidden risks

You can probably save a good-size forest by recycling academic papers on risk and diversification, suggests Vitaliy N. Katsenelson in The Little Book of Sideways Markets: How to make money in markets that go nowhere. These concepts are drummed into students' heads in academia, but their practical application is usually spoiled by long formulas awash in Greek symbols, he frets, in a chapter titled ‘Think different.'

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