"A Zebra in Lion Country offers a fresh perspective on investing bias"

Sunil Singhania, CIO (equity) of Reliance Mutual Fund, shares his five must-read books for investors

Published 6 years ago on Jun 09, 2017 1 minute Read
Soumik Kar

Fortune’s Formula: William Poundstone’s book is about systematic and math-based profiteering. In 1956, mathematician Claude Shannon and John L Kelly, a physicist, discovered a formula which prescribes what a wager should be for a given outcome, so as to maximise one’s gains. MIT mathematician Edward Thorp used the formula in stocks with his hedge fund averaging 20% annual return over 30 years. The book is not just about the formula but offers insights into business and management as well.