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9781137399526

Trading Thalesians What the Ancient World Can Teach Us About Trading Today

by
  • ISBN13:

    9781137399526

  • ISBN10:

    113739952X

  • Format: Hardcover
  • Copyright: 2014-11-27
  • Publisher: Palgrave Macmillan
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Supplemental Materials

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Summary

What can the ancient world teach us about modern money markets? How can we use examples from the ancient world, philosophers and writers to better understand the markets? Just as historians such as Herodotus living in ancient Greece examined the past, can traders look to their past to learn something new?

In this exciting new book, Saeed Amen looks to the ancient world to help us better understand modern money markets, demonstrating what ancient philosophers can teach us about trading markets today, and showing readers how to maximize their returns.

Based on the rationale that if your primary objective is purely to make money from trading quickly, you can make decisions that perversely increase the likelihood of losing; this book demonstrates how successful trading can actually be achieved as a byproduct of good trading.

Relating concepts from the ancient world, such as water and risk, diversified knowledge, Herodotus and historical bias to the modern world money markets, Amen demonstrates that by focusing on goals that go beyond making money, lateral thinking, targeting risk adjusted returns, and keeping drawdowns in check, investors will indirectly make more money in the long run.

Investors might be fooled by randomness on occasion, but luck can never be derided as an important factor, which helps investors succeed. Instead repeated success in investing capital over an extended period seems to be less a product of randomness, but instead a product of a profound understanding of markets.

Author Biography

Saeed Amen is Managing Director and co-founder of The Thalesians, a think tank of dedicated professionals with an interest in quantitative finance, economics, mathematics, physics and computer science. In this role Saeed publishes FX and gold quant strategy, drawing upon nearly a decade of experience creating and running FX trading models. Independently, he is also a systematic FX prop trader. Prior to this Saeed was an Executive Director and FX Quant Strategist at Nomura, London, where he built up a number of systematic FX spot and volatility trading models both for clients and the trading desk which were run profitably with prop capital. He also prepared a large body of quant FX strategy notes in areas such as high frequency, macro, technical analysis, positioning, liquidity, hedging and options. Saeed began his career at Lehman Brothers, London, as an Associate and Quant Strategist in Foreign Exchange following completion of an undergraduate degree in Mathematics and Computer Science at Imperial College, University of London. Saeed is quoted regularly by the FT, WSJ and ZeroHedge.

Table of Contents

1. Introduction
2. The Basis of Everything is Water: Understanding Risk in Markets
3. Harvesting Olives: Alpha and Beta Strategies
4. The Code of Hammurabi: Reducing Risk
5. Not What They Care About: Having Targets Other Than Returns
6. Predicting the Eclipse: Searching for a Black Swan and Windows of Doom
7. In the Stars: Lateral Thinking to Understand Markets
8. The Silk Road and its Secrets: Is There Really a Secret Sauce in Trading?
9. The Father of History: This Time is Sometimes Different in Markets
10. A Last Word to Conclude

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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