Dan - I can highly recommend the Fractals of Finance by Richard Brennan. It will challenge much standard thinking we have almost taken for granted. As he points out for example Markowitz had no interest in finance and his theory was a purely mathematical exercise regrettably based on false assumptions. Well worth a read there is much more in it than putting Marco out to grass!! All the best. Gandalf
Thanks Clive, I will certainly check that out! I think the ‘free lunch’ point is often misinterpreted and so wanted to get into that. As you say, investing is about much more than the maths!
Dan - I can highly recommend the Fractals of Finance by Richard Brennan. It will challenge much standard thinking we have almost taken for granted. As he points out for example Markowitz had no interest in finance and his theory was a purely mathematical exercise regrettably based on false assumptions. Well worth a read there is much more in it than putting Marco out to grass!! All the best. Gandalf
Thanks Clive, I will certainly check that out! I think the ‘free lunch’ point is often misinterpreted and so wanted to get into that. As you say, investing is about much more than the maths!
It's ALL about the right kind of maths according to Brennan