The Math Behind Wall Street: How the Market Works and How to Make It Work for You

by Nicholas Teebagy, Amir D. Aczel (Introduction)

In The Math Behind Wall Street, Nick Teebagy speaks intelligently to investors at all levels of experience. A mathematician, Teebagy begins by exploring key terms ranging from statistics and probability to covariance and correlation, and then connects them to the way the stock market actually works. The book builds on each lesson to reinforce general knowledge and prepare the reader for more challenging ideas. As investors increasingly understand how to deal with concepts such as uncertainty and standard deviations, the numbers become less intimidating and Wall Street loses its menace. This book can help investors and advisors make smart decisions and minimize their risk.

128 pages, Paperback

First published October 1, 1998

Reviews

[Srishti · Rating 2 out of 5]

Did not really enjoy the book. It felt like a maths book with solved exercises. It’s a book on algebra and statistics with workings around portfolio and stocks. Not that it is wrong but many times it felt like a page dedicated to definition of a concept of mathematics, formula and again defining each value in a formula. For a person with mathematics background, it was too much maths content with not much use and for someone with no maths background, it’s too much content to understand.

Good part was that the authors was able to put a majority of stock market knowledge in maths so you can see why things work the way they work.

[Andrew]

Lame. The mundane basics.

[Sean · Rating 3 out of 5]

Not very detailed, not very useful. Very thin book (100 p.)