New Books

A few new books on the bookshelf:

Grand Pursuit – Sylvia Nasar

The Inner Voice of Trading– Michael Martin

Below is a great quote pulled from The Inner Voice:

“We analyze massive volumes of noisy data from the markets, trying to find patterns that we can “bet” on.  I would say we have considerable humility compared with most participants in the financial markets, who create elaborate stories.  We know that we know almost nothing, but the ‘almost nothing’ we know isn’t completely nothing, and we only bet on that.  It’s a bit like a scientific experiment, because quite often we fail.  But overall we make more money than we lose.” – David Harding of Winton