My $50,000 Year at the Races


Book Description

A Harvard dropout’s memoir of playing the horses—a great read for handicappers or those who enjoyed Ben Mezrich’s Bringing Down the House. In 1977, before he was known as the creator of “The Beyer Speed Figure,” Andrew Beyer set out on a gambling odyssey, determined to prove himself as a horseplayer. He would marshal all his handicapping skills for assaults on four racetracks: Gulfstream Park, Pimlico, Saratoga, and the Barrington Fair. The then thirty-three-year-old Harvard dropout had the credentials for this undertaking: two years earlier, his book Picking Winners had won a claim from bettors and critics alike. But the theory of handicapping and the practice of it are two very different things, and Beyer did all he could to prepare himself for this new challenge. He consulted with other professional horseplayers. He undertook detailed analyses of trainers and their methods. He refined his speed-handicapping techniques. He developed a revolutionary method for evaluating horses shipped from one track to another. He formulated a bold betting strategy. During the year, he experienced the dizzying thrill of winning more than $10,000 in an afternoon, and agonizing frustration that drove him to bash a hole in the wall of the Gulfstream Park press box. When it was over, Beyer had amassed a profit of $50,664. His account of the year offers a rare, unromanticized look at the world of professional gambling. For horseplayers who have dreamed of beating the races, he proves that the dream is, sometimes, attainable. And he explains, in specific detail, how it can be done. There are no gimmicks in My $50,000 Year at the Races. Instead, there is a proven method of beating the races—and Andrew Beyer’s marvelously entertaining story of how he put it in practice.




The Kelly Capital Growth Investment Criterion


Book Description

This volume provides the definitive treatment of fortune's formula or the Kelly capital growth criterion as it is often called. The strategy is to maximize long run wealth of the investor by maximizing the period by period expected utility of wealth with a logarithmic utility function. Mathematical theorems show that only the log utility function maximizes asymptotic long run wealth and minimizes the expected time to arbitrary large goals. In general, the strategy is risky in the short term but as the number of bets increase, the Kelly bettor's wealth tends to be much larger than those with essentially different strategies. So most of the time, the Kelly bettor will have much more wealth than these other bettors but the Kelly strategy can lead to considerable losses a small percent of the time. There are ways to reduce this risk at the cost of lower expected final wealth using fractional Kelly strategies that blend the Kelly suggested wager with cash. The various classic reprinted papers and the new ones written specifically for this volume cover various aspects of the theory and practice of dynamic investing. Good and bad properties are discussed, as are fixed-mix and volatility induced growth strategies. The relationships with utility theory and the use of these ideas by great investors are featured.




Finance


Book Description

Hardbound. The Handbook of Finance is a primary reference work for financial economics and financial modeling students, faculty and practitioners. The expository treatments are suitable for masters and PhD students, with discussions leading from first principles to current research, with reference to important research works in the area. The Handbook is intended to be a synopsis of the current state of various aspects of the theory of financial economics and its application to important financial problems. The coverage consists of thirty-three chapters written by leading experts in the field. The contributions are in two broad categories: capital markets and corporate finance.










The Lies of Leonardo DiCaprio and How They Destroy the Human Race


Book Description

PLEASE READ THIS BOOK TO SAVE THE HUMAN RACE. PASS IT ON TO EVERYONE YOU KNOW. WE, THE PEOPLE, DO NOT HAVE TO LET THE HUMAN RACE BE DESTROYED. I WROTE THIS BOOK TO PREVENT ANY MORE: SHUTDOWNS, SHOOTING RAMPAGES OR VIRUSES. WE HAVE A CHANCE TO SAVE THE HUMAN RACE BEFORE THEY CAUSE ARMAGEDDON. PLEASE HURRY AND TELL EVERYONE ABOUT THE SALE OF MY BOOK BEFORE THEY KILL ONE MORE KID JUST TO STEAL FROM ME. PROSTITUTES FROM SOUTH AMERICA ARE NOT ALLOWED TO "RAPE AND ROB" OTHER WOMEN'S HUSBANDS AND THEY WILL NEVER BE ALLOWED TO STEAL FROM ITALIAN GIRLS! [When prostitutes from South America have sex with other women's husbands, it causes viruses to be created because God has already designed the Italian "Romeo" (11-11-74) to be with his Italian "Juliet" (11-14-74).] This book explains why God created the human race and what God intended for all of us. It is very important for the future of all generations, so they know and understand, why their loved ones died from the "affliction to the human race" as a result of the: injustices, abuses, bank robberies, damages, terrorist attacks, guerrilla warfare attacks, injuries, adultery and group sex orgies with South American kids from 2018-2021--on behalf of the: evil, lying, thieving Morrone family who "raped and robbed" DiCaprio (11-11-74) to steal from Calabrese (11-14-74). I also wrote this book to teach Leo DiCaprio about the meaning of "DOUBLE DATES" and how if any lies are told about them, brain damages in young girls could happen as a result of lies about double dates. I was forced to write this book as a result of leg amputations happening to young girls as a result of: lying, thieving, Nazi fascist pigs and the Charles Manson followers who stole from me (who were so evil they would cut the fetus from Sharon Tate just to steal from me) to aid and abet guerrilla warfare attacks on our county. (DICAPRIO, STOP BEING A DISHONEST, NAZI FASCIST PIG, AND LEARN TO HAVE SOME HUMAN DECENCY FOR REASONS OF PUBLIC SAFETY! I LOVE YOU, AND I'M HERE TO HELP YOU DEFEND US FROM RAPISTS, MURDERERS, BANK ROBBERS, BUT YOU HAVE TO STOP LYING AND STEALING FROM ME! YOU ALSO HAVE TO STOP LETTING THEM STEAL FROM ME. GOD DID NOT PUT ME ON THIS EARTH TO BE A VICTIM OF YOUR CONSTANT: THREATS, INJURIES AND BANK ROBBERIES JUST BECAUSE I'M TELLING THE TRUTH ABOUT SOMETHING...FOR THE PUBLIC SAFETY OF EVERYONE!) Dear Google, thank you for letting me publish this book. My little brother was just murdered because we were abused so badly by Martin Scorsese during the making of Apple TV+ 's "Killers of the Flower Moon". If we can sell 10 million copies of this book, we will make 100 million dollars. I won't get my little brother back, but at least I'll be able to buy things to Honor his great love for multi-culturally diverse families. I am a straight 'A', Dean's Honor List graduate with multiple college degrees. This book was created to prevent any new variants of Covid-19 from being created and to prevent any further unnecessary: damage, death and/or destruction to any more innocent people. One of my grandfather's was a doctor in the army and he specialized in Preventive Medicine. Thank you for letting it be published and God Bless Us All.







American Florist


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Work and Occupations


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The Washingtonian


Book Description