What I Learned Losing a Million Dollars
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Narrateur(s):
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Patrick Lawlor
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Auteur(s):
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Jim Paul
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Brendan Moynihan
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Jack Schwager - foreword
À propos de cet audio
Tim Ferriss Book Club Selection
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.
Also included is a bonus hour-long interview between co-author Brendon Moynihan and noted investor, business advisor, and best-selling author Tim Ferriss.
©2013 Brendan Moynihan (P)2014 Tim FerrissVous pourriez aussi aimer...
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Ce que les critiques en disent
Ce que les auditeurs disent de What I Learned Losing a Million Dollars
Moyenne des évaluations de clientsÉvaluations – Cliquez sur les onglets pour changer la source des évaluations.
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Au global
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- Amazon Customer
- 2018-11-27
Essential reading
This is a critical listen for anyone participating in markets. I only wish I had listened sooner.
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1 personne a trouvé cela utile
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Au global
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- Gareth S.
- 2018-09-13
great story telling
an entertaining narrator, great story, and a message that should be followed by all. #audible1
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Au global
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- Frank Prosdocimo
- 2021-05-05
Awesome
Wasn’t expecting this book to be as good as it was it’s probably in my top 5, love how it took a different approach to investing by focusing on loss rather then profits, a must read for new investors
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- Amazon Customer
- 2021-03-09
great read on risk management
good read to try drill in the importance of having a strategy with risk management at the centre of everything
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- Amazon Customer
- 2022-10-12
Vraiment important présentement
Je trouve que c'est un livre vraiment intéressant et important à lire pour aider les gens dans ce qu'on vit présentement.
Oui c'est l'enfer ce n'est pas obligé de l'être non plus.
C'est bizarre son raisonnement. Comme il dit ce n'est pas ce que tu fais, mais combien tu es payé pour le faire.
Pour moi c'est complètement différent. Je pense qu'on devrait tous être heureux au travail et le salaire devrait refléter la valeur que tu donnes à la compagnie pour laquelle tu travailles.
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Au global
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- Amazon Customer
- 2019-08-28
I am floored!
This is one of the best trading books I've read. The emphases is on the mentality of the trader...nothing else. I love this! will listen to this book a few more times...
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3 les gens ont trouvé cela utile
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- Al
- 2021-04-17
good content, good reader.
listened to it twice in a row. will probably return in a year or two. pretty short.
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- Teak
- 2018-09-13
A Must Read for Any Active Trader / Investor
This book is full of practical advise for active traders and investors. The author stresses the importance of having an exit plan before entering a market position and I cannot agree more. A good exit plan makes one money by ensuring you do not lose your head in a bull market and shirt in a bear market. As the author notes, "in trading it is not cowardly to live to fight another day." Highly recommended.
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2 les gens ont trouvé cela utile
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- Jacob Martinez
- 2021-01-05
Skip Part 1 If You've Been Trading For A Few Years
As someone who's been trading for years, most of what's in part 1 are lessons I've already experienced first-hand. The lessons have been learned. Part 2 of the book was worth a quick read through to get back to basics. Part 3 was where the real meat of the book is and the lessons are invaluable. I've re-read part 3 numerous times and it's great calibrator to have in any trader's library.
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- Paul Bowen-Smith
- 2022-06-21
This guy didn’t learn a damn thing!
A lifelong wannabe hot shot writes a book. The stories are just obvious BS.
The introduction.. I forget the name who wrote and I can’t be bothered to look because I couldn’t care less. The point is he starts out comparing Traders to Brain surgeons.. a little high and mighty of him I thought. Then he goes on to say how you wouldn’t buy a book on Brain surgery and then go on to perform surgery so why do you think you can buy a book on buying/selling stocks and think you’re a trader? Er.. excuse me.. isn’t this the book you’re selling?
Now this where I get to praise the Audible policy of money back guarantee!! Thank you Audible!
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