Inside the Mind of the Turtles: How the World's Best Traders Master Risk
Seiten
2009
McGraw-Hill Professional (Verlag)
9780071602433 (ISBN)
McGraw-Hill Professional (Verlag)
9780071602433 (ISBN)
The eagerly anticipated follow-up to Way
of the Turtle
“I like risk. I embrace risk.” -Turtle trader Curtis Faith
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 handJudge the quality of decisions based on their inception rather than their outcome Avoid drawing conclusions using too little information
You'll find valuable advice not only from Faith, but from some of the greatest financial minds on the scene today, including fellow Turtle Jerry Parker, venture capitalist Simon Olson, and Howard Lindzon, founder of the popular Web site, "WallStrip." Use their collective advice, and you'll find yourself approaching risk in ways you never dreamed possible.
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.
of the Turtle
“I like risk. I embrace risk.” -Turtle trader Curtis Faith
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 handJudge the quality of decisions based on their inception rather than their outcome Avoid drawing conclusions using too little information
You'll find valuable advice not only from Faith, but from some of the greatest financial minds on the scene today, including fellow Turtle Jerry Parker, venture capitalist Simon Olson, and Howard Lindzon, founder of the popular Web site, "WallStrip." Use their collective advice, and you'll find yourself approaching risk in ways you never dreamed possible.
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.
McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide
PART I: Introducing the Masters of Risk
INTRODUCTION
Learning from the Risk Masters
Applying The Lessons of the Risk Masters
How the Masters of Risk Tame Their Savage Minds
PART II: Learning from the Masters
Moving Beyond Fear
Prudent Risks and Stupid Risks
Failure is the Best Teacher
Doing the Right Thing
Risk Surfing
PART II: Applying the Lessons from the Masters
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
| Erscheint lt. Verlag | 16.5.2009 |
|---|---|
| Zusatzinfo | 0 Illustrations |
| Sprache | englisch |
| Maße | 160 x 236 mm |
| Gewicht | 494 g |
| Themenwelt | Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung |
| Schlagworte | Börsenhandel • Trading |
| ISBN-13 | 9780071602433 / 9780071602433 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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