Portfolio Management Formulas Mathematical Trading Methods For The Futures Options And Stock Markets Author Ralph Vince Nov 1990 Link

The book is famously difficult to read. Vince is a mathematician first and a writer second. The equations are dense; the examples are abstract. But for the serious trader who works through the problem sets, the reward is enlightenment.

Framework : A formula-based approach that calculates the ideal percentage of capital to risk based on a system's historical performance, expected return, and its largest historical loss. The book is famously difficult to read

Ralph Vince’s seminal work, , published in November 1990, remains a cornerstone of quantitative trading. Vince, a computer programmer and trading consultant, shifted the industry's focus from "how to pick stocks" to "how much to bet". The Core Concept: Optimal f published in November 1990