Gambling Investing

After the 2008 financial crisis, investment banks and other professional investors had the edge when it came to bailouts and stock trading. The crisis also ushered in a wave of new small-scale retail investors who were hell-bent on crushing the big guys by using social media channels to connect, share ideas, promote stocks, and reap the rewards—Robin Hood-style. But did the meme short squeeze stand a chance in a rigged playing field? This concise, definitive account of a daring Wall Street heist exposes a fight to the death against a fraudulent system.

An ex-Wall Street trader improved on Moneyball’s famed sabermetrics to place bets that would beat the Vegas odds on Major League Baseball games - with a 41 percent return in his first year. Trading Bases explains how he did it. After the fall of Lehman Brothers, Joe Peta was out of a job. He found a new one but lost that, too, when an ambulance mowed him down. In search of a way to cheer himself up while he recuperated, Peta started watching baseball again. That’s when inspiration hit: Why not apply his outstanding risk-analysis skills to improve on sabermetrics, the method made famous by Moneyball?

What passes for investing today is, in fact, gambling: the notion of making money quickly and without effort...and that's just how Wall Street likes it. By charting the development of the modern financial system from its roots in the madness of the first bubbles and Roaring '80s, this book will cast a light on the chicanery of the big banks and hedge funds - and give you the information you need to make the right choices for your own investing future.

This book is for you only if you gamble to make money. If your idea of "fun""and "entertainment" includes giving away your hard-earned money to casinos, I can't help you. If you enjoy sitting in a mindless, bright lights/dinging trance while you drop quarters down a slot, this book is not for you. If you think casinos are built and run by stupid people, you better stay out of them. If you think you can beat a blackjack dealer by wild-assed guessing, think again.

In March 2006, the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with ­million-dollar stakes. At the card table that night was Peter Muller, who managed a fabulously successful hedge fund called PDT. With him was Ken Griffin, who was the tough-as-nails head of Citadel Investment Group. There, too, were Cliff Asness, the sharp-tongued, mercurial founder of the hedge fund AQR Capital Management, and Boaz Weinstein, chess “life master” and king of the credit-default swap.

The stock market is a casino that is designed to make you lose more money, the more you trade, and this audiobook statistically explains why nearly all day traders and swing traders lose much more money much more frequently than slot machine gamblers do. This audiobook teaches you why you will probably lose money in the stock market, and why you have lost money in the stock market. If your loved one is losing money on the stock market, then this audiobook will help them quit their gambling addiction they have with losing money on the stock market.