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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.
This is I think one of the first books I have read on investing that the author is not trying to sell me anything.
That is the "Holy Grail" as I see it...learning to control losses before they take you out of the game.
Nothing startlingly new or interesting and not particularly well writtenPublished 3 days ago by Alan Johnson
Avoiding abstract psychological explanations, the book gives down to earth examples of how success leads to overconfidence, which leads to obnoxious behavior, which then (often but... Read morePublished 5 days ago by Kenneth Freed
I do not claim to be an expert in trading or investing, at least in the financial markets.
However, I certainly recognized the delusional behavior and rationalizations... Read more
I liked the precise language used, which simplifies such elaborate things in the markets, and concludes brilliant lessons to be takenPublished 10 days ago by Yuli Truman
This is a great book about understanding how we internalize loss and things we can do to mitigate it. Read morePublished 21 days ago by Gary E. Martins
I thought the book was personal, impactful and boiled a few key lessons down to make them understandable and actionable for the average investor and business person. Read morePublished 22 days ago by Amazon Customer
After having read several books about trading and investing, I came across this one here. I have read it on my Kindle and enjoyed the style of writing. Read morePublished 22 days ago by Uwe Karrenberg