Worthwhile reading for those who don't believe in the holy grail in the markets; a must-read for those who do.(Jack Schwager, author of Hedge Fund Market Wizards)
A novel approach aimed at pushing you inside your head and outside the losing habits most folks adopt right after multiple successes. A must-have for traders blessed with a string of hot trades.(Ken Fisher, Fisher Investments FORBES)
At Ned Davis Research, we like to say that we are in the business of making mistakes and that the only difference between winners and losers is that winners make small mistakes and losers, big mistakes. This book does an excellent job in explaining in simple English the potential psychological 'flaws' that cause investors to make big mistakes.(Ned Davis, Ned Davis Research, Inc.)
One of the rare noncharlatanic books in finance.(Nassim Nicholas Taleb, from Antifragile: Things That Gain from Disorder)
Plenty of books recount past successes or focus on how to make money in the market, but what about keeping the money you already have? This may seem like a high-class problem, but it is a very real challenge for investors with substantial capital.(John Mihaljevic Beyond Proxy)
[An] enlightening read.(Brenda Jubin Investing.com)
The book points out very early that many successful investors have opposing styles and theories on how to make money, and that they can not all be right at the same time. The most important point to take from the book is how to avoid losing money...(Steve Osbiston Financial Times Advisor)
Seldom do we hear the message that the management of risk, not just the taking of risk, is at the heart of success in habitual entrepreneurs. Just as the professional athlete learns to play his or her game mentally before the actual contest, so the successful entrepreneur reduces the risk of the new challenge by planning before implementing.(Edward M. Moldt, Kelley School of Business, Indiana University, Bloomington)
It's an easy and fun read, and the author provided tremendous focus and clarity to get his point cross.
I find the book interesting to read and I liked the idea to think about losses in more depth though I have the feeling that there are a lot more things to it.
That is the "Holy Grail" as I see it...learning to control losses before they take you out of the game.
The early part of the book feels repetitive, but it helps set the stage for the later half of the book which contains most of the value. Read morePublished 1 month ago by J. Delgadillo
Books can generally be categorized into one of the three groups. Education books teach us; entertainment books amuse us; and reference books inform us. Read morePublished 2 months ago by ServantofGod
Great book, very practical and applicable. Lesson to not personify wins and losses. A book for both beginners and advances tradersPublished 5 months ago by ola awe
Winning takes care of itself if you effective plan and manage your risk.. This book helps to conceptualize, reason and develop such an approach to risk.. A good and easy read. Read morePublished 6 months ago by John Wartemberg
Great parable on disentangling luck from skill. The author does a good job delving into his past and learning from his mistakes. Unique perspectivePublished 7 months ago by Ryan Oldham
Because, after all, he was indeed a loser.
because he's a human being and he deserves it!
he lost it all out of being stupid. Read more
I'm glad to see this is available on Kindle, because I ordered the book when it first came out, and the FONT was so small, even when wearing 3. Read morePublished 7 months ago by LivinginBeauty
The author says he knows that during and before he lost the million dollars, he was not a trader. Which of course he wasn't, having watched a position deteriorate for two months... Read morePublished 8 months ago by Ning