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The Evolution of Technical Analysis
Book

The Evolution of Technical Analysis

Financial Prediction from Babylonian Tablets to Bloomberg Terminals

Bloomberg Press, 2010 more...

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Editorial Rating

7

Qualities

  • Overview

Recommendation

Finance professor Andrew W. Lo and research specialist Jasmina Hasanhodzic present a history of finance and of the development of business and stock markets. Their informative research connects the commerce of ancient times to modern practices, theories and analytical methods. getAbstract recommends this sweeping and engaging history to professionals curious about how business evolved and to students majoring in economics, finance, history or related disciplines.

Take-Aways

  • Technical analysis uses patterns in past market data to predict future prices.
  • The practice dates back to the ancient civilizations of Babylon, Greece and Rome.
  • Rapid population growth, the expansion of trade, the abacus and paper money contributed to the development of China’s merchant class.

About the Authors

Andrew W. Lo is a professor of finance at the MIT Sloan School of Management and the chairman of the AlphaSimplex Group, where electrical engineer and computer scientist Jasmina Hasanhodzic is a researcher.


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