Home Contact Us Help Free delivery worldwide. Market Sense and Nonsense: Description Bestselling author, Jack Schwager, challenges the assumptions at the core of investment theory schwaget practice and exposes common investor mistakes, missteps, myths, and jacm When it comes to investment models and theories of how markets work, convenience usually trumps reality.
The simple fact is that many revered investment theories and market models are flatly wrong that is, if we insist that they work in the real wchwager. Unfounded ahd, erroneous theories, unrealistic models, cognitive biases, emotional foibles, and unsubstantiated beliefs all combine to lead investors astray professionals as well as novices.
In this engaging new book, Jack Schwager, bestselling author of Market Wizards and The New Market Wizards, takes aim at the most perniciously pervasive academic precepts, money management canards, market myths and investor errors. Like so many ducks in a shooting gallery, Schwager picks them off, one at a time, revealing the truth about many of the fallacious assumptions, theories, and beliefs at the core of investment theory and practice.
Visit our Beautiful Books page and find lovely books for kids, photography lovers and more. Flap copy When it comes to investment models and theories of how marketswork, convenience usually trumps reality.
The simple fact is thatmany revered investment theories and market models are flatlywrong—that is, if we insist that they work in the real world. Unfounded assumptions, erroneous theories, unrealistic models, cognitive biases, emotional foibles, and unsubstantiated beliefsall combine to lead investors astray—professionals as well asnovices. In this engaging new book, Jack Schwager, bestselling author of theMarket Wizards series, takes aim at some of the mostpervasive market precepts, money management misconceptions, andirrational investor behaviors.
From the theory of efficient marketsto buying in up markets and selling in down markets, Schwager turnseach misguided idea on its head, one at a time.
Supported by awealth of well-documented historical evidence and a healthy dose ofcommon sense, he exposes the truth about the cherished assumptionsand fallacious thinking at the core of some of the most respectedinvestment theories and models and explores many common investorerrors. Drawing upon his years as an asset manager and trader, he sharespriceless lessons on an array of investing topics, both basic andadvanced, including portfolio management, risk assessment, investment selection, hedge fund investing, investment timing, andmuch more.
Market Sense and Nonsense is an indispensable source ofreal-world market wisdom and investing know-how for investors ofevery ilk. 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. It has been nearly a decade since the publication of the highly successful The New Market Wizards.
The interim has witnessed the most dynamic bull market in US stock history, a collapse in commodity prices, dramatic failures in some of the world's leading hedge funds, the burst of the Internet bubble, a fall into recession and subsequent rumblings of recovery. Who have been the 'market wizards' during this tumultuous financial period?
How did some traders manage to significantly outperform a stockmarket that during its heyday moved virtually straight up? This book will feature interviews with a variety of traders who achieved phenomenal financial success during the glory days of the Internet boom.
In contrast with the first two Market Wizard books, which included traders from a broad financial spectrum—stocks, bonds, currencies and futures—this volume will focus on traders in the stockmarket. These interviews always give me a lot to think about. If you like learning about traders and trading, you'll find that reading this book is time well spent. If there is a shortcut to this requirement, however, it is in reading about the experiences of others.
Jack Schwager's book provides that shortcut. If you find yourself sweating upon occasion as you read, then you're as close to the trading experience as you can get without actually doing it yourself. Prechter, Jr. These supertraders make millions of dollars-sometimes in hours-and consistently outperform their peers.
As he did in his acclaimed national bestseller, Market Wizards, Jack Schwager interviews a host of these supertraders, spectacular winners whose success occurs across a spectrum of financial markets. These traders use different methods, but they all share an edge. How do they do it?
What separates them from the others? A lot different than the information you might hear from your broker. The part on hedge funds does have its merits, especially the more advanced chapters, and it could very well have made a book on its own. When it comes to investment models and theories of how markets work, convenience usually trumps reality. He is also an advisor to Marketopper, an India-based quantitative trading firm.
But the discussions on the misconceptions are usually straightforward and logical. Nov 07, Joseph rated it liked it. In this engaging new book, Jack Schwager, bestselling author of theMarket Wizards series, takes aim at some of the mostpervasive market precepts, money management misconceptions, andirrational investor behaviors. You are currently using the site but have requested a page in the site. Want to Read saving…. An advanced study of market truths based on market realities and long-term price action instead of theories from academia based on artificial assumptions is still very much in demand.
Brings to light the fallacies underlying many widely held academic precepts, professional money management methodologies, and investment behaviors. Schwager points out that the risk-return profile of hedge funds is superior to mutual funds and, in the form of fund-of-funds, an investment in a hedge fund is actually available to and preferable even for investors of modest means. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.
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