Quantitative Trading
The newest technical papers and the oldest books are the best sources of arbitrage. They contain the least popular facts and the most monetizable truths. What do you know to be true that others cannot or will not bring themselves to admit? There is your competitive advantage.
Eric Jorgenson • The Anthology of Balaji: A Guide to Technology, Truth, and Building the Future
stock-market strategies that seem too good to be true usually are. Like the historical patterns on the frequency of earthquakes, stock market data seems to occupy a sort of purgatory wherein it is not quite random but also not quite predictable. Here, however, matters are made worse because stock market data ultimately describes not some natural ph
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
over a long time span, the impact of investment returns trump the impact of speculative returns.8
Pat Dorsey • The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
Contrarian that I am, the format for this book is intentionally unorthodox as books on investing go these days. It is not about I lail Mary passes; it's about grinding out gains quarter after quarter, year after year. My kind of investing rests on three elements: character, goals, and experience.