The Heretics of Finance provides extraordinary insight into
both the art of technical analysis and the character of the
successful trader. Distinguished MIT professor Andrew W. Lo and
researcher Jasmina Hasahodzic interviewed thirteen highly
successful, award-winning market professionals who credit their
substantial achievements to technical analysis.The result is the
story of technical analysis in the words of the people who know it
best; the lively and candid interviews with these gurus of
technical analysis.
The first half of the book focuses on the technicians''
careers:
How and why they learned technical analysis
What market conditions increase their chances of making
mistakes
What their average workday is like
To what extent trading controls their lives
Whether they work on their own or with a team
How their style of technical analysis is unique
The second half concentrates on technical analysis and
addresses questions such as these:
Did the lack of validation by academics ever cause you to
doubt technical analysis?
Can technical analysis be applied to other disciplines?
How do you prove the validity of the method?
How has computer software influenced the craft?
What is the role of luck in technical analysis?
Are there laws that underlie market action?
What traits characterize a highly successful trader?
How do you test patterns before you start using them with real
money?
Intervieweesinclude:
Ralph J. Acampora, Laszlo Birinyi, Walter Deemer, Paul
Desmond, Gail Dudack, Robert J. Farrell, Ian McAvity, John Murphy,
Robert Prechter, Linda Raschke, Alan R. Shaw, Anthony Tabell, Stan
Weinstein.
關於作者:
Andrew W. Lo is the Harris Harris Group Professor of
Finance at the MIT Sloan School of Management and the director of
MIT’s Laboratory for Financial Engineering. His previous books
include The Econometrics of Financial Markets, A Non-Random Walk
Down Wall Street, and Hedge Funds: An Analytic Perspective. He is
also the founder and chief scientific officer of AlphaSimplex
Group, LLC, a quantitative investment management company based in
Cambridge, Massachusetts.
Jasmina Hasanhodzic is a research scientist at AlphaSimplex
Group, LLC, where she develops quantitative investment strategies
and benchmarks, including the CS 13030 Index. She received her PhD
from MIT’s Department of Electrical Engineering and Computer
Science, where she proposed new methods for automating technical
analysis and replicating hedge fund betas. Her work has appeared in
the Journal Of Investment Management and Institutional Investor’s
Alpha magazine. A summa cum laude graduate of Yale College,
Hasanhodzic is a recipient of a number of awards for academic
excellence and a member of several honor societies, such as Sigma
Xi, the Scientific Research Society.
目錄:
Preface.
*14 Conviction: Countering the Skeptics and the Scoundrels.
*15 The Evolution of Technical Analysis.
*16 Luck, Astrology, and Other Unsanctioned Signs.
*17 Creativity, Talent, and the Art of the Craft.
*18 The Challenge of Emotions.
*19 The Path to Success.
*20 Favorite Patterns and Indicators.
*References.
Index.