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Author: Jim Paul
Publisher: Columbia University Press
ISBN: 0231164688
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
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.
Author: Jim Paul
Publisher: Columbia University Press
ISBN: 0231164688
Category : Business & Economics
Languages : en
Pages : 192
Get Book
Book Description
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.
Author: Jim Paul
Publisher:
ISBN: 9780963579492
Category : Commodity exchanges.
Languages : en
Pages : 190
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Book Description
Presents a serious psychological analysis of a trader Explains the three biggest mistakes made by traders investors, how to avoid them, which pattern all losses take, and why the most important factor in trading successfully is not losing.
Author: Brendan Moynihan
Publisher: John Wiley & Sons
ISBN: 111803032X
Category : Business & Economics
Languages : en
Pages : 154
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Book Description
An in-depth look at the failure of Wall Street's "proven" financial models Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model, which ultimately proved to be the underlying cause of the 2008 financial crisis. In Financial Origami, Brendan Moynihan describes how the Wall Street business model evolved from a method to transfer risk into a method for manufacturing risk. Along the way, this timely book skillfully dissects financial engineering and addresses how it's often a mechanism to evade regulatory constraints, provide institutional investors with customized products, and, of course, generate revenue for financial engineers. Reveals how Wall Street's financial engineering business model morphed into something destructive Highlights how the origami model worked well in the comparatively stable years of the early 2000s, when there was less risk to transfer Discusses how Wall Street began manufacturing risk by creating products that multiplied risk exposures and encouraged subprime lending With the collapse of Lehman Brother the Wall Street business model effectively broke. But there are many lessons to be learned from what has transpired, and Financial Origami will show you what they are.
Author:
Publisher:
ISBN: 9781311323323
Category :
Languages : en
Pages :
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Book Description
This is a Summary of Jim Paul and Brendan Moynihan's What I Learned Losing a Million DollarsJim 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.Available in a variety of formats, this summary is aimed for those who want to capture the gist of the book but don't have the current time to devour all 192 pages. You get the main summary along with all of the benefits and lessons the actual book has to offer. This summary is not intended to be used without reference to the original book.
Author: Alexander Elder
Publisher: John Wiley & Sons
ISBN: 1118963679
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
The best-selling trading book of all time—updated for the new era The New Trading for a Living updates a modern classic, popular worldwide among both private and institutional traders. This revised and expanded edition brings time-tested concepts in gear with today's fast-moving markets, adding new studies and techniques for the modern trader. This classic guide teaches a calm and disciplined approach to the markets. It emphasizes risk management along with self-management and provides clear rules for both. The New Trading for a Living includes templates for rating stock picks, creating trade plans, and rating your own readiness to trade. It provides the knowledge, perspective, and tools for developing your own effective trading system. All charts in this book are new and in full color, with clear comments on rules and techniques. The clarity of this book's language, its practical illustrations and generous sharing of the essential skills have made it a model for the industry—often imitated but never duplicated. Both new and experienced traders will appreciate its insights and the calm, systematic approach to modern markets. The New Trading for a Living will become an even more valuable resource than the author's previous books: Overcome barriers to success and develop stronger discipline Identify asymmetrical market zones, where rewards are higher and risks lower Master money management as you set entries, targets and stops Use a record-keeping system that will make you into your own teacher Successful trading is based on knowledge, focus, and discipline. The New Trading for a Living will lift your trading to a higher level by sharing classic wisdom along with modern market tools.
Author: Shortcut Edition
Publisher: Shortcut Edition
ISBN:
Category : Business & Economics
Languages : en
Pages : 25
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Book Description
* Our summary is short, simple and pragmatic. It allows you to have the essential ideas of a big book in less than 30 minutes. By reading this summary, you will discover how to protect yourself against heavy losses on the financial markets. You will also discover : the secret to success on the stock market: limit your losses as much as possible; the impact of psychological tendencies on the decision-making process; the danger of indexing one's self-esteem on one's successes and failures; the need to keep a cool head and make rational decisions in the markets; the importance of a predefined strategy with exit criteria and safeguards. There are a multitude of methods and tips for success in the stock market. However, investors with the most diverse profiles experience as many great successes as they do great losses. Is there no real technique? While different paths lead to success, the most resounding disasters seem to have one thing in common: unfortunate investors indulge in irrational decisions, guided by conformism or overconfidence. Investor Jim Paul has paid the price. The story of his rise and fall provides valuable clues to decipher the market's pitfalls and how to avoid them. *Buy now the summary of this book for the modest price of a cup of coffee!
Author: Ant Hive Media
Publisher: Createspace Independent Publishing Platform
ISBN: 9781532906985
Category :
Languages : en
Pages : 28
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Book Description
This is a Summary of Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars 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. The book is a winner of a 2014 Axiom Business Book award gold medal. It 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. Available in a variety of formats, this summary is aimed for those who want to capture the gist of the book but don't have the current time to devour all 192 pages. You get the main summary along with all of the benefits and lessons the actual book has to offer. This summary is not intended to be used without reference to the original book.
Author: Anthony Norvell
Publisher: Gildan Media LLC aka G&D Media
ISBN: 1722521228
Category : Self-Help
Languages : en
Pages : 38
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Book Description
This lost classic of motivational thinking reveals the simple but profound secrets to self-mastery, a magnetic personality, and attaining your dreams—all in the space of an hour. The Million Dollar Secret Hidden in Your Mind is one of the most extraordinary books of mental mastery ever written—yet it has been largely forgotten since it first appeared in 1963. Now, acclaimed historian and New Thought writer Mitch Horowitz brings this powerful guidebook to a new generation. This special condensed edition includes Mitch’s new introduction, which directs you to the book’s most powerful secrets. In less than an hour of reading, this compact, dynamic volume explodes old ways of thinking and shows you: • How to win the aid of important people. • How to make your personality instantly attractive. • The best strategies for using your mind’s visualizing powers for success. • How to benefit from the secrets of great achievers throughout history. • How to heighten and use the tools of your subconscious. • How to identify who in life will help you and who will hinder you in your striving toward success. • Simple methods to tap the creative powers of Universal Creative Intelligence. • How to improve your thinking, appearance, and charisma.
Author: Janet Byrne
Publisher: Little, Brown
ISBN: 0316220205
Category : Business & Economics
Languages : en
Pages : 387
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Book Description
Analyzing the movement's deep-seated origins in questions that the country has sought too long to ignore, some of the greatest economic minds and most incisive cultural commentators - from Paul Krugman, Robin Wells, Michael Lewis, Robert Reich, Amy Goodman, Barbara Ehrenreich, Gillian Tett, Scott Turow, Bethany McLean, Brandon Adams, and Tyler Cowen to prominent labor leaders and young, cutting-edge economists and financial writers whose work is not yet widely known - capture the Occupy Wall Street phenomenon in all its ragged glory, giving readers an on-the-scene feel for the movement as it unfolds while exploring the heady growth of the protests, considering the lasting changes wrought, and recommending reform. A guide to the occupation, The Occupy Handbook is a talked-about source for understanding why 1% of the people in America take almost a quarter of the nation's income and the long-term effects of a protest movement that even the objects of its attack can find little fault with.
Author: Martin Schwartz
Publisher: Harper Collins
ISBN: 0061844632
Category : Business & Economics
Languages : en
Pages : 324
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Book Description
Welcome to the world of Martin "Buzzy" Schwartz, Champion Trader--the man whose nerves of steel and killer instinct in the canyons of Wall Street earned him the well-deserved name "Pit Bull." This is the true story of how Schwartz became the best of the best, of the people and places he discovered along the way and of the trader’s tricks and techniques he used to make his millions.
