Cantitate/Preț
Produs

What I Learned Losing a Million Dollars

Autor Jim Paul, Brendan Moynihan
en Limba Engleză Hardback – 17 mai 2013

Vezi toate premiile Carte premiată

Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all-his fortune, his reputation, and his job-in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book-winner of a 2014 Axiom Business Book award gold medal-begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it-primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

Citește tot Restrânge

Preț: 14471 lei

Puncte Express: 217

Preț estimativ în valută:
2772 3010$ 2378£

Carte disponibilă

Livrare economică 18 aprilie-02 mai
Livrare express 04-10 aprilie pentru 2384 lei

Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9780231164689
ISBN-10: 0231164688
Pagini: 208
Ilustrații: 1 black & white line drawings
Dimensiuni: 146 x 209 x 21 mm
Greutate: 0.36 kg
Editura: Columbia University Press

Notă biografică

Jim Paul (1943¿2001) was first vice president in charge of the Morgan Stanley Dean Witter & Co. International Energy Unit in New York City. During his twenty-five-year career in the futures industry, he was a retail broker, floor trader, and research director and served on the Chicago Mercantile Exchange Board of Governors and the Executive Committee.

Brendan Moynihan is a managing director at Marketfield Asset Management LLC, where his understanding of markets and the media helps shape their macro views and allocations. He is an adjunct professor of finance at Vanderbilt University's Owen Graduate School of Management. He is also the author of Financial Origami: How the Wall Street Model Broke. He lives in Barrington Hills, Illinois, with his wife and two sons.

Jack Schwager is the author of the best-selling Market Wizard series as well as the three-volume Schwager on Futures. His latest work, Market Sense and Nonsense, was published in November 2012. He is currently the portfolio manager for the ADMIS Diversified Strategies Fund. His experience includes twenty-two years as director of futures research for some of Wall Street's leading firms.

Cuprins

Foreword
Preface to the Columbia Edition
Preface
Part I. Reminiscences of a Trader
1. From Hunger
2. To the Real World
3. Wood That I Would Trade
4. Spectacular Speculator
5. The Quest
Part II. Lessons Learned
6. The Psychological Dynamics of Loss
7. The Psychological Fallacies of Risk
8. The Psychological Crowd
Part III. Tying It All Together
9. Rules
Conclusion
Postscript
Appendix
Notes
Bibliography

Premii