Market Sense and Nonsense

How the Markets Really Work (and How They Don't)
Author: Jack D. Schwager
Publisher: John Wiley & Sons
ISBN: 1118523164
Category: Business & Economics
Page: 368
View: 6858
Bestselling author, Jack Schwager, challenges the assumptionsat the core of investment theory and practice and exposes commoninvestor mistakes, missteps, myths, and misreads When it comes to investment models and theories of how marketswork, convenience usually trumps reality. The simple fact is thatmany revered investment theories and market models are flatlywrong—that is, if we insist that they work in the real world.Unfounded assumptions, erroneous theories, unrealistic models,cognitive biases, emotional foibles, and unsubstantiated beliefsall combine to lead investors astray—professionals as well asnovices. In this engaging new book, Jack Schwager, bestsellingauthor of Market Wizards and The New Market Wizards,takes aim at the most perniciously pervasive academic precepts,money management canards, market myths and investor errors. Like somany ducks in a shooting gallery, Schwager picks them off, one at atime, revealing the truth about many of the fallacious assumptions,theories, and beliefs at the core of investment theory andpractice. A compilation of the most insidious, fundamental investmenterrors the author has observed over his long and distinguishedcareer in the markets Brings to light the fallacies underlying many widely heldacademic precepts, professional money management methodologies, andinvestment behaviors A sobering dose of real-world insight for investmentprofessionals and a highly readable source of information andguidance for general readers interested in investment, trading, andfinance Spans both traditional and alternative investment classes,covering both basic and advanced topics As in his best-selling Market Wizard series, Schwagermanages the trick of covering material that is pertinent toprofessionals, yet writing in a style that is clear and accessibleto the layman

The New Market Wizards

Conversations with America's Top Traders
Author: Jack D. Schwager
Publisher: John Wiley & Sons
ISBN: 1118538781
Category: Business & Economics
Page: 616
View: 9810
Praise for THE NEW MARKET WIZARDS "Jack Schwager simply writes the best books about trading I've ever read. These interviews always give me a lot to think about. If you like learning about traders and trading, you'll find that reading this book is time well spent." -Richard Dennis, President, The Dennis Trading Group, Inc. "Jack Schwager's deep knowledge of the markets and his extensive network of personal contacts throughout the industry have set him apart as the definitive market chronicler of our age." -Ed Seykota "Very interesting indeed!" -John Train, author of The Money Masters "Successful trading demands longtime experience because it requires firsthand knowledge. If there is a shortcut to this requirement, however, it is in reading about the experiences of others. Jack Schwager's book provides that shortcut. If you find yourself sweating upon occasion as you read, then you're as close to the trading experience as you can get without actually doing it yourself." -Robert R. Prechter, Jr., editor, The Elliott Wave Theorist THE NEW MARKET WIZARDS Some traders distinguish themselves from the herd. These supertraders make millions of dollars-sometimes in hours-and consistently outperform their peers. As he did in his acclaimed national bestseller, Market Wizards, Jack Schwager interviews a host of these supertraders, spectacular winners whose success occurs across a spectrum of financial markets. These traders use different methods, but they all share an edge. How do they do it? What separates them from the others? What can they teach the average trader or investor? In The New Market Wizards, these wildly successful traders relate the financial strategies that have rocketed them to success, as well as the embarrassing losses that have proven them all too human. Meet the Wizards of Wall Street: * Stan Druckenmiller, who, as manager of the Soros Quantum Fund, realized an average annual return of more than 38 percent on assets ranging between $2.0 and $3.5 billion * William Eckhardt, a mathematician who, in collaboration with trader Richard Dennis, selected and trained the now-legendary circle known as the Turtles * Bill Lipschutz, a former architect who, for eight years, was Salomon Brothers' largest and most successful currency trader * Blair Hull, a one-time blackjack player who began an options trading company with Asking the questions that readers with an interest in the financial markets would love to pose to the financial superstars, and filled with candid appraisals, The New Market Wizards takes its place as a classic.

The Little Book of Market Wizards

Lessons from the Greatest Traders
Author: Jack D. Schwager
Publisher: John Wiley & Sons
ISBN: 1118858697
Category: Business & Economics
Page: 208
View: 2555
An accessible look at the art of investing and how to adopt the practices of top professionals What differentiates the highly successful market practitioners—the Market Wizards—from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? Jack Schwager has spent the past 25 years interviewing the market legends in search of the answers—a quest chronicled in four prior Market Wizards volumes totaling nearly 2,000 pages. In The Little Book of Market Wizards, Jack Schwager seeks to distill what he considers the essential lessons he learned in conducting nearly four dozen interviews with some of the world's best traders. The book delves into the mindset and processes of highly successful traders, providing insights that all traders should find helpful in improving their trading skills and results. Each chapter focuses on a specific theme essential to market success Describes how all market participants can benefit by incorporating the related traits, behaviors, and philosophies of the Market Wizards in their own trading Filled with compelling anecdotes that bring the trading messages to life, and direct quotes from the market greats that resonate with the wisdom born of experience and skill Stepping clearly outside the narrow confines of most investment books, The Little Book of Market Wizards focuses on the value of understanding one's self within the context of successful investing.

A Complete Guide to the Futures Market

Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles
Author: Jack D. Schwager
Publisher: John Wiley & Sons
ISBN: 111885375X
Category: Business & Economics
Page: 720
View: 478
Focusing on price-forecasting in the commodity futures market, this is the most comprehensive examination of fundamental and technical analysis available. This guide treats both approaches in depth, with forecasting examined in conjunction with practical trading considerations including spread trading, option trading, and more. Schwager is the starting point for any serious reading on futures and options trading. Well-written and clear, and truly encyclopedic in scope: every conceivable options trade, with all permutations thereof, is discussed and dissected, even inadvisable ones.

Darkness by Design

The Hidden Power in Global Capital Markets
Author: Walter Mattli
Publisher: Princeton University Press
ISBN: 0691185697
Category: Political Science
Page: N.A
View: 1220
An exposé of fragmented trading platforms, poor governance, and exploitative practices in today’s capital markets Capital markets have undergone a dramatic transformation in the past two decades. Algorithmic high-speed supercomputing has replaced traditional floor trading and human market makers, while centralized exchanges that once ensured fairness and transparency have fragmented into a dizzying array of competing exchanges and trading platforms. Darkness by Design exposes the unseen perils of market fragmentation and “dark” markets, some of which are deliberately designed to enable the transfer of wealth from the weak to the powerful. Walter Mattli traces the fall of the traditional exchange model of the NYSE, the world’s leading stock market in the twentieth century, showing how it has come to be supplanted by fragmented markets whose governance is frequently set up to allow unscrupulous operators to exploit conflicts of interest at the expense of an unsuspecting public. Market makers have few obligations, market surveillance is neglected or impossible, enforcement is ineffective, and new technologies are not necessarily used to improve oversight but to offer lucrative preferential market access to select clients in ways that are often hidden. Mattli argues that power politics is central in today’s fragmented markets. He sheds critical light on how the redistribution of power and influence has created new winners and losers in capital markets and lays the groundwork for sensible reforms to combat shady trading schemes and reclaim these markets for the long-term benefit of everyone. Essential reading for anyone with money in the stock market, Darkness by Design challenges the conventional view of markets and reveals the troubling implications of unchecked market power for the health of the global economy and society as a whole.

Trabajos de mierda

Una teoría
Author: David Graeber
Publisher: Editorial Ariel
ISBN: 8434429489
Category: Social Science
Page: N.A
View: 4120
El nuevo esclavismo. Pasarse la vida trabajando en algo totalmente innecesario. Un trabajo de mierda. ¿Su trabajo tiene algún sentido para la sociedad? En la primavera de 2013, David Graeber hizo esta pregunta en un ensayo lúdico y provocativo titulado «Sobre el fenómeno de los trabajos de mierda». El artículo se volvió viral. Después de un millón de visitas en línea en diecisiete idiomas diferentes, la gente sigue debatiendo la respuesta. Hay millones de personas: consultores de recursos humanos, coordinadores de comunicación, investigadores de telemarketing, abogados corporativos..., cuyos trabajos son inútiles, y ellos lo saben. Estas personas están atrapadas en unos trabajos de mierda. Olvide a Piketty o Marx; es Graeber, uno de los antropólogos y activistas más influyentes del momento, quien dice alto y claro que muchas de las tareas que se realizan en una economía de esclavos asalariados son una forma de empleo tan carente de sentido, tan innecesaria o tan perniciosa que ni siquiera el propio trabajador es capaz de justificar su existencia, y pese a ello se siente obligado a fingir que no es así. La crítica social que persigue el libro es sólida y aguda, especialmente cuando introduce categorías tan refinadas como los «trabajos chapuza», que realizan determinados empleados para, por ejemplo, mantener en funcionamiento máquinas viejas y ahorrarle a la empresa la compra de nueva maquinaria. No deja de tener su lógica, ya que, como dijo Orwell, «una población que está ocupada trabajando, aunque sea en tareas totalmente inútiles, no tiene tiempo para hacer mucho más». De ahí que, como concluye Graeber, lo que tengamos sea una mierda permanente.

Sense and Nonsense in Australian History

Author: John Hirst
Publisher: Black Inc.
ISBN: 1921825405
Category: History
Page: 325
View: 801
Sense and Nonsense in Australian History represents a lifetime's original reflection by Australia's most innovative and penetrating historian. Included here are classic essays on the pioneer legend, Australian egalitarianism and colonial culture. There are celebrated critiques of The Tyranny of Distance, multiculturalism and nationalistic history, as well as a substantial essay on Aboriginal dispossession and the history wars. In Sense and Nonsense in Australian History, John Hirst overturns familiar conceptions and deepens our sense of Australia's development from convict society to distinctive democracy. "one of the nation's most independent and original historians" - Geoffrey Blainey "John Hirst is the gadfly of Australian history, stinging and provocative" - Stuart Macintyre "essential reading for those who want to ponder, let alone write and teach about, Australian history" - Robert Murray, The Weekend Australian John Hirst is a widely respected historian and social commentator.

The Sense and Nonsense of Consumer Product Testing

How to Identify Whether Consumers are Blindly Loyal?
Author: Priya Raghubir,Tyzoon T. Tyebjee,Ying-Ching Lin
Publisher: Now Publishers Inc
ISBN: 1601982623
Category: Business & Economics
Page: 51
View: 7213
The Sense and Nonsense of Consumer Product Testing reviews the classic issue of product taste testing based on recent advancements made in psychology, neuroscience, and marketing, on how sensory cues affect product judgments. The authors: examine the implications that the five different sensory modalities (the olfactory, auditory, tactile, gustatory and visual systems) interact with each other, rather than exert independent influences, to define a customer's experience; propose that since consumers are unaware of the influence of a range of stimuli on their judgments and experience, they cannot explicate them, creating methodological challenges for managers to collect valid and reliable consumer insights regarding the consumers' experience; propose that the methodological paradigm of taste testing can be used to examine the effect of strategic and tactical marketing mix decisions. The goal of this monograph is to use the taste-test as a paradigm to understand how consumers make a range of sensory decisions combining intrinsic product information with the information available in the environment -- specifically the research testing context. The Sense and Nonsense of Consumer Product Testing yields reliable insights for managers that would be elusive using standard survey techniques, and adds to the nascent, but growing, literature in marketing on how sensory product experience is multi-modal.

Las trampas del dinero

Cómo controlar tus impulsos, gastar con cabeza y vivir mejor
Author: Dan Ariely,Jeff Kreisler
Publisher: Editorial Ariel
ISBN: 8434427826
Category: Psychology
Page: N.A
View: 6377
Combinando un gran sentido del humor y profundos conocimientos de economía conductual, Dan Ariely se adentra en el mundo absolutamente ilógico de las finanzas personales, las del día a día, para ayudar a entender por qué tomamos algunas decisiones, muchas de ellas equivocadas. En Las trampas del dinero, Ariely y Kreisler (un experto financiero y gran divulgador) analizan una amplia gama de ejemplos cotidianos (por qué duele menos pagar con tarjeta, las trampas que nos hacemos a nosotros mismos en el presupuesto familiar, las tentadoras ofertas a las que sucumbimos en vacaciones...) para demostrar cómo nuestras ideas sobre la gestión del dinero a menudo están equivocadas y nos convierten en nuestros peores enemigos. Fascinante, divertido e imprescindible, sin duda este libro es una gran inversión para todo aquel que quiera entender mejor las trampas en las que caemos a la hora de gestionar nuestro dinero para poder ahorrar, gastar de una forma más inteligente y, en definitiva, vivir mejor.

El pequeño libro que aún vence al mercado

Descubre la fórmula más rentable para invertir en bolsa
Author: Joel Greenblatt
Publisher: Deusto
ISBN: 842342636X
Category: Business & Economics
Page: N.A
View: 7606
Invertir es difícil. Por eso tener una estrategia de inversión a largo plazo, disciplinada y metódica es esencial para mantenerse y acertar en todos los mercados. A través de una simple fórmula mágica este libro puede enseñarte cómo hacerlo de manera sencilla y con escaso riesgo. La ecuación de Greenblatt combina dos elementos imprescindibles para que la inversión sea rentable: identificar las acciones que cotizan a un precio bajo y que representen, al mismo tiempo, un negocio que maximiza el rendimiento de sus inversiones, es decir, que genere buenos beneficios. Publicado por primera vez en 2005, este libro está considerado un clásico de la inversión con más de 300.000 ejemplares vendidos y traducido a dieciséis idiomas. Esta nueva edición está actualizada y ampliada respecto al libro original e incluye una nueva introducción y un nuevo epílogo. Escrito con un estilo directo, un lenguaje accesible y un toque de humor, el autor explora los principios básicos de la inversión bursátil rentable mediante matemáticas de primaria y demuestra por qué su fórmula seguirá funcionando incluso después de que todo el mundo ya la conozca.

Trading en la zona

Author: Mark Douglas
Publisher: Netbiblo
ISBN: 8493622664
Category: Education
Page: 205
View: 331
Quizá usted tenga un buen conocimiento de los mercados. Puede que incluso conozca a sus principales actores, sepa cuándo comprar, cuándo vender y qué acciones tienen un mejor potencial. Pero ¿hasta que punto se conoce usted a sí mismo? Hasta los traders más astutos, motivados y válidos pueden ver entorpecida su actividad por un tipo de pensamiento contraproducente que conduce a tomar malas decisiones y a cometer errores. En esos casos, sufren de incapacidad para permanecer concentrados con objetividad o carecen de la necesaria confianza para ejecutar sus operaciones correctamente. O tienen arraigadas profundas contradicciones y errores conceptuales sobre el trading o la naturaleza de las reglas del mercado en la elección de valores. Como resultado de ello, un porcentaje extremadamente alto de traders pierde todo o gran parte de su dinero durante el primer año de su actividad de trading. Mark Douglas, presidente de Trading Behavior Dynamics y prestigiosa figura de la enseñanza en el campo del trading en algunas de las más importantes sociedades de Wall Street, ha dedicado los últimos veinte años a ayudar a los traders a desarrollar confianza, disciplina y a adoptar una actitud ganadora que les pueda permitir dominar el mercado. Para Douglas, maximizar una actitud mental adecuada es clave para conseguir buenos resultados y resulta ser mucho más importante que los análisis de mercados o los diversos “sistemas” que se ponen de moda periódicamente. Enseña a los traders a pensar en términos de probabilidades y a tener las convicciones fundamentales necesarias para adquirir una “mentalidad ganadora”. Los traders “en la zona”, es decir, aquellos con este tipo de mentalidad, no precisan saber –y no les importa- que ocurrirá en los mercados acto seguido ya que ellos saben lo que van a hacer a continuación. Y eso es lo que hace la diferencia.

Tener éxito en trading

el factor más importante de su éxito: ¡usted mismo! La conceptualización de su sistema. Comprender los elementos clave de un sistema
Author: Van K. Tharp
Publisher: Netbiblo
ISBN: 9788493460273
Category: Education
Page: 360
View: 6723
Algunos traders se pasan la vida intentando descifrar el código secreto que les hará ricos negociando en los mercados. La lista publicada de estrategias es ilimitada y abarca desde las señales de entrada con alta probabilidad de éxito hasta las rupturas de volatilidad, pasando por los sistemas de trading ajustables a cada tipo de mercado, etc. ¿Pero es concebible que exista un sistema accesible a todos y que dé a cada trader un control permanente de los mercados? En su obra Tener Éxito en Trading, el que está considerado como el instructor de trading más famoso de los Estados Unidos, el Dr. Van Tharp, nos explica que ese Santo Grial no hay que buscarlo en un sistema de trading mágico que genere soberbios beneficios con un riesgo mínimo. Por el contrario, las investigaciones del Dr. Tharp muestran cómo las interrelaciones entre el estilo de inversión de cada trader, su personalidad y sus objetivos (combinados en un sistema desarrollado y ensayado cuidadosamente) son los ingredientes claves de ese éxito.

El sutil arte de que te importe un caraj*

Un enfoque disruptivo para vivir una buena vida
Author: Mark Manson
Publisher: HarperCollins Mexico
ISBN: 6079783770
Category: Self-Help
Page: 240
View: 8184
Durante los últimos años, Mark Manson -en su popular blog- se ha afanado en corregir nuestras delirantes expectativas sobre nosotros mismos y el mundo. Ahora nos ofrece su toda su intrépida sabiduría en este libro pionero. Manson nos recuerda que los seres humanos somos falibles y limitados: "no todos podemos ser extraordinarios: hay ganadores y perdedores en la sociedad, y esto no siempre es justo o es tu culpa". Manson nos aconseja que reconozcamos nuestras limitaciones y las aceptemos. Esto es, según él, el verdadero origen del empoderamiento. Una vez que abrazamos nuestros temores, faltas e incertidumbres, una vez que dejamos de huir y evadir y empezamos a confrontar las verdades dolorosas, podemos comenzar a encontrar el valor, la perseverancia, la honestidad, la responsabilidad, la curiosidad y el perdón que buscamos. Este manifiesto es una refrescante bofetada, para que podamos empezar a llevar vidas más satisfechas y con los pies en la tierra.

El pequeño libro que bate al mercado

descubra la fórmula más rentable para invertir en bolsa
Author: Joel Greenblatt
Publisher: N.A
ISBN: 9788496627208
Category: Business & Economics
Page: 158
View: 9278
Este manual pone a su alcance un método que ya ha demostrado su eficacia en el mundo de las grandes inversiones, un mercado que puede resultar misterioso a simple vista pero cuyo balance es siempre positivo para los que saben aprovechar la ocasión. La fór


Author: Raymond A. Moody
Publisher: EDAF
ISBN: 9788441411654
Category: Self-Help
Page: 256
View: 2612

La dama del sudario

Author: Bram Stoker
Publisher: N.A
ISBN: 9788477021964
Category: Literary Criticism
Page: 528
View: 8105
Aunque Bram Stoker (1847-1912) debe principalmente la fama a su inmortal Drácula -obra aparecida hace cien años-, el amante de la literatura fantástica no debe dejar de leer otras obras no menos inspiradas como La guarida del gusano blanco, El misterio del mar y, sobre todo, La dama del sudario, inédita hasta ahora en España. Ambientada en un mítico país de los Balcanes, en los albores del siglo XX, la novela se nutre de correspondencias privadas, diarios, informaciones de prensa, para sumergirnos en una trama gótica llena de aventuras extrañas e inquietantes (como la aparición de la dama envuelta en un sudario), en la cual un joven de condición modesta se hace poseedor de una inmensa fortuna, a condición de establecerse en el castillo de Vissarion, enclavado en el brumoso y bárbaro País de las Montañas Azules.

Market Sense

Toward a New Economics of Markets and Society
Author: Philip Kozel
Publisher: Routledge
ISBN: 1135517916
Category: Business & Economics
Page: 196
View: 8809
This book concentrates upon the historic associations of the marketplace in the work of Aristotle, Adam Smith, Karl Marx, and demonstrates how what markets were imagined to entail for society was critical to each author's understanding of the central social problems of their time.

Sense and Nonsense in the Office

Author: Lucy Kellaway
Publisher: Financial Times Management
ISBN: 9780273645092
Category: Business & Economics
Page: 236
View: 7535
Rule 1: Management is one of the most difficult jobs going, and is harder now than ever because the challenges are greater. Rule 2: Most people are bad at managing, some are very bad. Hardly anyone can do it well. Rule 3: Good managers need to be both hard and soft, decent and ruthless, good at the big picture and at the small detail. Rule 4: In view of the above, the market for management consultants, trainers, gurus, business schools and business books is expanding, apparently without limit. Rule 5: While most of the management help industry is of dubious value, managers do need the experience and advice of wise outsiders. But to follow that advice blindly - as many companies do - is, of course, idiotic. Rule 6: Any new management technique that comes with a catchphrase is suspect. It almost certainly will not suit the company in question, and even if it does, the management will probably fail to apply it properly. Rule 7: It is hard to teach a middle-aged dog new tricks. People who are rotten communicators do not become better by virtue of having been on a course, or having read a book. Improving and changing is a long, painful slog. Rule 8: People like security. They like to be told what to do. Empowerment and flat structures are over-rated. Rule 9: All work is tedious for much of the time. If everyone accepts this, then so much the better.

La semana laboral de 4 horas

olvídate de fichar, vive donde quieras y únete al club de los ricos
Author: Timothy Ferriss
Publisher: Rba Publicaciones Editores revistas
ISBN: 9788498673777
Category: Business & Economics
Page: 367
View: 8828
Olvídate del transnochado concepto de jubilación y deja de aplazar tu vida: no hace falta esperar; existen demasiadas razones para no hacerlo. Si tu sueño es dejar de depender de un sueño, viajar por el mundo a todo tren, ingresar más dinero al mes o, simplemente, vivir más y trabajar menos, este libro es la brújula que necesitas.

Trading Strategies from a Trading Skeptic

Proven Techniques to Automate Your Day Trading 10X Faster for 10X the Results
Author: Dan Murphy
Publisher: N.A
ISBN: 9780989483308
Category: Day trading (Securities)
Page: 186
View: 846
Fact: 95% of short-term traders lose money. Even worse, the average stock-picking newsletter has returned -3.7% annually over the past 30 years (Source: Jack Schwager, Market Sense and Nonsense). Despite the seemingly insurmountable odds of becoming a successful trader, it is not only possible, but also probable. But you need to be pointed in the right direction. Inside, you will find the roadmap to becoming a successful systematic trader from a trading skeptic who has never trusted a guru or talking head marched on TV if he can't test their ideas. Here are the highlights: How to automate your trading by working 10x smarter so you can make 10x more money, at 10x the speed, all while having 10x more free time and fun. How to ditch your trading hobby and create your trading business. How to cash in on a $25,000 reward for this one idea. The greatest enemy to your success as a trader. What the Holy Grail of trading is, and more importantly, what it isn't. How to overcome the pitfalls of back-testing before you blow out your account. The "make it or break it" test you must subject every trading strategy to. If it doesn't pass this, it won't work with real money. Why technical analysis is not only dead, it was dead on arrival. The trick to speed up your system design process from months to less than a week. How to profit from a simple change in trading that exposes the flaw of a multimillion-dollar industry. And much more...