The Leverage Space Trading Model: Reconciling Portfolio Management Strategies and Economic Theory
$17.61
| Author(s) | |
|---|---|
| Pages |
203 |
| Format |
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| Published Date |
2009 |
The Leverage Space Trading Model is a storybook, not a textbook. It is the story of ideas that go back roughly three centuries, and how they have, and continue, to change.
Introduction:
The Leverage Space Trading Model is the story of how resources should be combined, when confronted with one or more prospects of uncertain outcome, where the amount of such resources you will have for the next prospect of uncertain outcome is dependent on what occurs with this outcome. In other words, your resources are not replenished from outside. The Leverage Space Trading Model is a story that ultimately must answer the question, “What are you looking to accomplish at the end of this process, and how do you plan to implement it?” The answer to this question is vitally important because it dictates what kinds of actions we should take.
Given the complex and seemingly pathological character of human desires, we are presented with a fascinating puzzle within a story that has some interesting twists and turns, one of which is about to take place. There are some who might protest, “Some of this was published ear-lier!” They would certainly be correct. A lot of the material herein presents concepts that I have previously discussed.
However, they are necessary parts of the thread of this story and are provided not only for that rea-son but also in consideration of those readers who are not familiar with these concepts. Those who are familiar with the past concepts, peppered throughout Parts I and II of this story, can gloss over them as we build with them in Part III.
Contents:
PART I :The Single Component Case: Optimal f
- The General History of Geometric Mean Maximization
- The Ineluctable Coordinates
- The Nature of the Curve
PART II :The Multiple Component Case: The Leverage Space Portfolio Model
- Multiple, Simultaneous f—‘‘Leverage Space’’
- Risk Metrics in Leverage Space and Drawdown
PART III :The Leverage Space Praxis
- A Framework to Satisfy Both Economic Theory and Portfolio Managers
- Maximizing the Probability of Profit
The Leverage Space Trading Model: Reconciling Portfolio Management Strategies and Economic Theory By Ralph Vince pdf
2 reviews for The Leverage Space Trading Model: Reconciling Portfolio Management Strategies and Economic Theory
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Connor Hood (verified owner) –
I’ve been speculatively trading for only a few years, but soon came to understand the importance of portfolio money management. This lead me to the works of Ralph Vince. After reading all 6x of Mr Vince’s books, in quick succession over a 6 month period, it became clear to me that ‘The Leverage Space Trading Model’ is his most essential book. A concise summary distilled from years of passionate investigation. An excellent read and ongoing reference. Using a reduced real-life trading example to help the reader better understand practical application of Mr Vince’s ‘leverage space portfolio model’ and ‘ruin/draw-down risk metric’ calculation methods, in support of the usual coin-toss examples.
My only gripe with Mr Vince’s books is the numerous silly reference/typo errors, that should have been weeded-out by the copy editor before publication. Fortunately, ‘The Leverage Space Trading Model’ does not suffer quite so much as some of Mr Vince’s other books, in this respect. Otherwise a five star masterpiece in my opinion. Thanks Ralph Vince!
Briana Leon (verified owner) –
A useful work for any independent speculator looking to maximize returns while maintaining control of risk. I have been following Mr. Vince’s work since 1991 and have always found value far beyond my cost.