Truth through fiction!
Historical figures struggled with motor disorders, likely Parkinson's Disease.
Now a new genre
Day Trading with My Hebrew Uncle
Small town Mississippi surgeon, age 36, discovers a low-risk, high-return trading system that lasts 14 years. He then struggles to identify a new strategy. Throughout the ups and downs, his Hebrew uncle, warmly referred to as Feter Sol, offers sage advice gained from a life of conflict. Lifting a complex veil, he relates the verities of life.
As a finance academic, I find this story to be most interesting. Early on, the author recognized an inefficiency and applied a simple model to confirm his observation. As such, the work represents a nice case study of how traders find and exploit inefficiencies and how markets evolve in response to their actions. There is just the right amount of detail on the investment side - enough to understand what is going on, but not too much to bore the reader who has only a casual interest in finance.
More broadly, the book is full of wisdom - about finance but equally about life. This wisdom comes out naturally in the context and flow of the story, which is at times both funny and poignant. It is an easy and enjoyable read, and I would recommend it highly to students of finance, which I hope includes many of us, but also to anyone looking for some illumination.
Professor Robert Whitelaw
NYU, Stern Business School
Stale prices and strategies for trading mutual funds.
Financial Analysts Journal 58 (4), 53-71 (July, 2003)