What I Learned Losing a Million Dollars

Author: Jim Paul

Publisher: Columbia University Press

ISBN:

Category: Business & Economics

Page: 208

View: 256

Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all--his fortune, his reputation, and his job--in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book--winner of a 2014 Axiom Business Book award gold medal--begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it--primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

What I Learned Losing a Million Dollars

Author: Jim Paul

Publisher: Columbia University Press

ISBN:

Category: Biography & Autobiography

Page: 192

View: 946

Jim Paul’s meteoric rise took him from a small town in Northern Kentucky to Governor of the Chicago Mercantile Exchange, yet he lost it all—his fortune, his reputation, and his job—in one fatal moment of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led up to Paul’s disastrous decision and examine the psychological factors behind bad financial practices in a number of economic sectors. The book begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul’s $1.6 million loss and the essential lessons he learned from it—primarily that, although there are as many ways to make money in the markets as there are people participating in them, there are very few ways to produce a loss. People lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another when the first fails. Paul and Moynihan’s cautionary tale concludes with strategies for avoiding loss, tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars Summary

Author: Ant Hive Media

Publisher: Createspace Independent Publishing Platform

ISBN:

Category:

Page: 28

View: 795

This is a Summary of Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all - his fortune, his reputation, and his job - in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. The book is a winner of a 2014 Axiom Business Book award gold medal. It begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it, primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating. Available in a variety of formats, this summary is aimed for those who want to capture the gist of the book but don't have the current time to devour all 192 pages. You get the main summary along with all of the benefits and lessons the actual book has to offer. This summary is not intended to be used without reference to the original book.

CMT Level I 2016

An Introduction to Technical Analysis

Author: Market Technician's Association

Publisher: John Wiley & Sons

ISBN:

Category: Business & Economics

Page: 768

View: 839

Everything you need to pass Level I of the CMT Program CMT Level I 2016: An Introduction to Technical Analysis fully prepares you to demonstrate the basic competencies of an entry-level analyst, including a working knowledge of terminology and the ability to discuss key concepts and fundamental analytical tools. Covered topics address theory and history, markets, market indicators, construction, confirmation, cycles, selection and decision, system testing, statistical analysis, and ethics. The Level I exam emphasizes trend, chart, and pattern analysis. This cornerstone guidebook of the Chartered Market Technician® Program will provide every advantage to passing Level I.

The Obstacle Is the Way

The Timeless Art of Turning Trials into Triumph

Author: Ryan Holiday

Publisher: Penguin

ISBN:

Category: Business & Economics

Page: 224

View: 172

The Obstacle is the Way has become a cult classic, beloved by men and women around the world who apply its wisdom to become more successful at whatever they do. Its many fans include a former governor and movie star (Arnold Schwarzenegger), a hip hop icon (LL Cool J), an Irish tennis pro (James McGee), an NBC sportscaster (Michele Tafoya), and the coaches and players of winning teams like the New England Patriots, Seattle Seahawks, Chicago Cubs, and University of Texas men’s basketball team. The book draws its inspiration from stoicism, the ancient Greek philosophy of enduring pain or adversity with perseverance and resilience. Stoics focus on the things they can control, let go of everything else, and turn every new obstacle into an opportunity to get better, stronger, tougher. As Marcus Aurelius put it nearly 2000 years ago: “The impediment to action advances action. What stands in the way becomes the way.” Ryan Holiday shows us how some of the most successful people in history—from John D. Rockefeller to Amelia Earhart to Ulysses S. Grant to Steve Jobs—have applied stoicism to overcome difficult or even impossible situations. Their embrace of these principles ultimately mattered more than their natural intelligence, talents, or luck. If you’re feeling frustrated, demoralized, or stuck in a rut, this book can help you turn your problems into your biggest advantages. And along the way it will inspire you with dozens of true stories of the greats from every age and era. From the Hardcover edition.

Reminiscences of a Stock Operator

Author: Edwin Lefèvre

Publisher: John Wiley & Sons

ISBN:

Category: Business & Economics

Page: 272

View: 438

Unknown to most modern-day investors and traders who cherish Reminiscences of a Stock Operator as one of the most important investment books ever written, the material first appeared in the 1920s as a series of articles and illustrations in the Saturday Evening Post. Now, for the first time ever, this beloved classic is being made available in its original, illustrated format. You'll track the exploits of Jesse Livermore as he won and lost tens of millions of dollars playing the stock and commodities markets during the early 1900s. At one point, he made the then astronomical sum of 10 million dollars in just one month of trading! Originally published as a fictionalized account, the Illustrated Edition combines the Saturday Evening Post's memorable illustrations with Edwin LeFevre's timeless investment advice, recreating the look, feel, and message that was first published more than 80 years ago. Among the most compelling and enduring pieces ever written on trading, the new Illustrated Edition brings this story to life like never before. Order your copy today.

Trading Asian shares

buying and selling Asian shares for a profit

Author: Daryl J. Guppy

Publisher: Butterworth-Heinemann

ISBN:

Category: Business & Economics

Page: 309

View: 757

Some people buy shares as a long term investment. Others see them as a hedge against inflation and some investors are interested mainly in the dividends and a regular income. Daryl Guppy buys shares to sell - and he consistently makes money. Trading Asian Shares is aimed at serious investors and private traders who buy and sell shares in listed companies in the dynamic markets of SE Asia. It is about making money - and that means buying and selling for a profit. Daryl Guppy shows how to apply his remarkable approach to position share trading, enabling anyone with an interest in, and an understanding of, the markets to begin profitable share trading successfully. Trading Asian Shares is aimed at serious investors and private traders who buy and sell shares in listed companies in the dynamic markets of SE Asia. It is about making money - and that means buying and selling for a profit. Daryl Guppy shows how to apply his remarkable approach to position share trading, enabling anyone with an interest in, and an understanding of, the markets to begin profitable share trading successfully. Trading Asian Shares is supported by its own website, giving free up-to-date latest news on the hottest asian investment links. Daryl Guppy is one of Asia Pacific's leading writers and speakers on share trading. He is a member of the International Federation of Technical Analysts and the Australian Technical Analysts Association. He is a frequent speaker at investment seminars and conferences in South East Asia. · Identifying and benchmarking profitable asian shares · Using electronic tools to track smart money · Buying and selling asian shares at the right time

Typo

The Last American Typesetter or How I Made and Lost 4 Million Dollars

Author: David Silverman

Publisher: Soft Skull Press

ISBN:

Category: Business & Economics

Page: 352

View: 573

Two months before David Silverman’s 32nd birthday, he visited the Charles Schwab branch in the basement of the World Trade Center to wire his father’s life savings towards the purchase of the Clarinda Typesetting company in Clarinda, Iowa. Typo tells the true story of the Clarinda company’s last rise and fall — and with it one entrepreneur’s story of what it means to take on, run, and ultimately lose an entire life’s work. This book is an American dream run aground, told with humor despite moments of tragedy. The story reveals the impact of losing part of an entire industry and answers questions about how that impacts American business. The reader sees in Clarinda’s fate the potential peril faced by every company, and the lessons learned are applicable to anyone who wants to run his or her own business, succeed in a large corporation, and not be stranded by the reality of shifting markets, outsourcing, and, ultimately, capitalism itself.

Forbes

Author:

Publisher:

ISBN:

Category: Business

Page:

View: 710

The Burgess Boys

A Novel

Author: Elizabeth Strout

Publisher: Random House

ISBN:

Category: Fiction

Page: 352

View: 515

NEW YORK TIMES BESTSELLER • Includes Elizabeth Strout’s never-before-published essay about the origins of The Burgess Boys NAMED ONE OF THE BEST BOOKS OF THE YEAR BY The Washington Post • NPR • Good Housekeeping Elizabeth Strout “animates the ordinary with an astonishing force,” wrote The New Yorker on the publication of her Pulitzer Prize–winning Olive Kitteridge. The San Francisco Chronicle praised Strout’s “magnificent gift for humanizing characters.” Now the acclaimed author returns with a stunning novel as powerful and moving as any work in contemporary literature. Haunted by the freak accident that killed their father when they were children, Jim and Bob Burgess escaped from their Maine hometown of Shirley Falls for New York City as soon as they possibly could. Jim, a sleek, successful corporate lawyer, has belittled his bighearted brother their whole lives, and Bob, a Legal Aid attorney who idolizes Jim, has always taken it in stride. But their long-standing dynamic is upended when their sister, Susan—the Burgess sibling who stayed behind—urgently calls them home. Her lonely teenage son, Zach, has gotten himself into a world of trouble, and Susan desperately needs their help. And so the Burgess brothers return to the landscape of their childhood, where the long-buried tensions that have shaped and shadowed their relationship begin to surface in unexpected ways that will change them forever. With a rare combination of brilliant storytelling, exquisite prose, and remarkable insight into character, Elizabeth Strout has brought to life two deeply human protagonists whose struggles and triumphs will resonate with readers long after they turn the final page. Tender, tough-minded, loving, and deeply illuminating about the ties that bind us to family and home, The Burgess Boys is Elizabeth Strout’s newest and perhaps most astonishing work of literary art. Look for special features inside. Join the Random House Reader’s Circle for author chats and more. “What truly makes Strout exceptional . . . is the perfect balance she achieves between the tides of story and depths of feeling.”—Chicago Tribune “Strout’s prose propels the story forward with moments of startlingly poetic clarity.”—The New Yorker “Elizabeth Strout’s first two books, Abide with Me and Amy and Isabelle, were highly thought of, and her third, Olive Kitteridge, won the Pulitzer Prize in fiction. But The Burgess Boys, her most recent novel, is her best yet.”—The Boston Globe “A portrait of an American community in turmoil that’s as ambitious as Philip Roth’s American Pastoral but more intimate in tone.”—Time “[Strout’s] extraordinary narrative gifts are evident again. . . . At times [The Burgess Boys is] almost effortlessly fluid, with superbly rendered dialogue, sudden and unexpected bolts of humor and . . . startling riffs of gripping emotion.”—Associated Press “[Strout] is at her masterful best when conjuring the two Burgess boys. . . . Scenes between them ring so true.”—San Francisco Chronicle From the Trade Paperback edition.