Hi Gang...
I love to read and I will often get on a tear and read a bunch on one subject. Well, I've been doing finances lately and got a book because its title was intriguing, " Beyond the Random Walk - A Guide to Stock Market Anomalies and Low Risk Investing" by Vijay Singal, PhD, CFA. ISBN 0-19-515867-9, Oxford University Press, 2004.
I'm no great math wizard but I do love some of the oddities such as the drunkards walk and other "random" things.
The book is well written and fairly easy to follow. I doubt I would follow any of the suggestions but they are fun to know about.
The guy has a sense of humor that is easy to see. The dedication is: "This book is dedicated to my wife, Manisha, and my teenage sons, Ashish and Akshay, who, apparently believing that the book is perfect, refused to read beyond the title page."
In the preface he has a large heading, "Why Did I Write This Book?" and then has a quote, "If stock market experts were so expert, they would be buying stock, not selling advice." Norman R. Augustine
He then explains his thinking, which I won't quote, and it is quite reasonable.
It is well worth the read if only to better understand market inefficiencies.
Best,
Allen
