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emulti (United Kingdom)

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Reminiscences of a Stock Operator (A Marketplace Book)
Reminiscences of a Stock Operator (A Marketplace Book)
by Edwin Lefèvre
Edition: Paperback

8 of 8 people found the following review helpful
5.0 out of 5 stars Exciting and thought provoking read, 24 Feb 2004
This book saved me from the drudgery of a 12 hour train journey one day. I was absolutely enthused by its storyline and the advice given on financial speculation.
This book teaches you that the way traders think, the way they behave and the reasons for their behaviour are the same now as they were back at the turn of the 20th century. It is not an easy read for those not keen on investment speculation. But if you intend to speculate with your own money, you should allow Jesse Livermore's lessons to sink into your subconcious. It is a book you need to read more than once to gain the most from it.
I am surprised nobody has made a film based upon this book.

Lottery Numbers Past, Present & Future
Lottery Numbers Past, Present & Future
by Harry Schneider
Edition: Paperback
Price: £12.50

5 of 6 people found the following review helpful
2.0 out of 5 stars Flawed theory, 24 Feb 2004
Past, Present & Future is a compilation of comparisons between number groups and their results in the Florida and UK lottery from the period 91-94. It claims to "exploit the statistical situation". Whilst an honest view of the use of statistical analysis, I would have to say that it's stats are correct however its conclusions are misleading.
Each graph shows the frequency with which each group of numbers occur in the results of both lotteries. It rightly displays the distribution patterns of these groups from the results. Then from these patterns it then advises the player to pick a certain number of lottery balls within each group.
As an example, his first group is even numbers. It is true that there are more likely to be 3 even numbers in each set of 6 ball results. This is the most possible result. However he concludes from this that by selecting 3 even and 3 odds numbers you are more likely to gain a winning line. This just isn't true and this is the flaw in his theory. The reason why there are more 3 even and 3 odd lines than, say 2 even and 4 odd lines, is for the simple reason that there are MORE combinations of 3 even and 3 odd lines than there are of 2 even and 3 odd results. If there are more combinations then yes, they are more likely to appear but it doesn't make winning any easier. More combinations mean to have to enter proportionally more lines in order to get the winning line.
And the same logic is applied to all of the various mathemtical groups he lists. I'm afraid that a certain set of statistical stats have been used to purport a view whilst ignoring the realities of probability. The back cover says it took years to complete this study. But it would take not much more than a day of programming to produce the same results and many more.
This book is an introduction to distribution patterns but provides no breakthroughs in the understanding of random events.

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