Title: Tedious, Tendacious, and Trite
Product review: Clearly the main protagonists in "Fortune's Formula" were highly intelligent and head of their time. Card-counting, blackjack, arbitrage (eg. potential acquisitions, warrants, options) were all covered, and some interesting approaches to maximizing return vs. risk were addressed.Nonetheless the book was a trial to read - full of sideline ventures of minimal value, superficial/non-lucid explanations of complex concepts, and likely of little or no value today. (Kelley's optimum "betting level" may have prevented Long-Term Capital Management from going broke, at the cost of FAR lower early returns - however, Poundstone did not explore that possibility).The material could have been much better covered in the format of a broader primer on mathematical approaches to investing, and providing data on the number of such investors able to consistently beat the market, and those who go broke.
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