Inside the Mind of the Turtles: How the World's Best Traders Master Risk
Autor Curtis Faithen Limba Engleză Hardback – 16 mai 2009
Risk is scary, to be sure, but it's a fundamental aspect of the investing world. Without it, profit would not exist. The trick is to accept, anticipate, manage, and mitigate risk. In other words, master it.
In Way of the Turtle, Curtis Faith revealed the extraordinarily successful trading system of the now-famous group of investors known as the Turtles. Now, in this highly anticipated follow up to that bestseller, Faith delves deeply into the risk-mastery strategies that made the Turtles the envy of the investing world.
Inside the Mind of the Turtles provides expert insight into how great traders combat the natural but counterproductive response to risk. Faith begins by examining the nature of risk and the human being's natural response to it. Then he outlines proven techniques for seizing control of it. You will learn how to:
- Set your main focus on acquiring gains--not avoiding losses
- Place equal importance on assets already spent and those still on hand
- Judge the quality of decisions based on their inception rather than their outcome
- Avoid drawing conclusions using too little information
In today's economy, controlling your aversion to risk is not just prudent--it's an absolute necessity. Economic turbulence more often than not leads to poor investment decisions. Inside the Mind of the Turtles will help you conquer the fears that can cripple even the most experienced investors out there.
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Specificații
ISBN-13: 9780071602433
ISBN-10: 0071602437
Pagini: 240
Dimensiuni: 160 x 236 x 21 mm
Greutate: 0.49 kg
Editura: McGraw Hill Education
Colecția McGraw-Hill
Locul publicării:United States
ISBN-10: 0071602437
Pagini: 240
Dimensiuni: 160 x 236 x 21 mm
Greutate: 0.49 kg
Editura: McGraw Hill Education
Colecția McGraw-Hill
Locul publicării:United States
Cuprins
PART I: Introducing the Masters of Risk
INTRODUCTION
INTRODUCTION
- Learning from the Risk Masters
- Applying The Lessons of the Risk Masters
- How the Masters of Risk Tame Their Savage Minds
- Moving Beyond Fear
- Prudent Risks and Stupid Risks
- Failure is the Best Teacher
- Doing the Right Thing
- Risk Surfing
- Fearless Investing: Stocks and Mutual Fund
- Robust Real-estate Strategies Part III: Lessons for Life
- Lessons for Life CHAPTER 12: Living the Life You Want
- The Hardest Risk to Take
- Mastering Our Savage Minds