From the Jacket
Take control of risk . . . before it takes control of you. Don''t like uncertainty? Doubt makes you nervous? Most people are averse to it, but risk is unavoidable to the serious investor. In this groundbreaking book, Curtis Faith helps you not only form a truce with risk, but actually make it your ally. One of Chicago''s famed Turtle traders, Faith credits his group''s unprecedented trading success with its mastery over the psychology of risk. In Inside the Mind of the Turtles, he explains how to â¦+ read more
Take control of risk . . . before it takes control of you
Don''t like uncertainty? Doubt makes you nervous? Most people are averse to it, but risk is unavoidable to the serious investor. In this groundbreaking book, Curtis Faith helps you not only form a truce with risk, but actually make it your ally.
One of Chicago''s famed Turtle traders, Faith credits his group''s unprecedented trading success with its mastery over the psychology of risk. In Inside the Mind of the Turtles, he explains how to view risk as an asset-and invest accordingly. Covering his own techniques, plus those of other traders, speculators, hedge-fund billionaires, and venture capitalists, Faith teaches you the seven rules for mastering risk:
- Concentrate on decisions, not outcomes
- Overcome fear
- Remain flexible
- Take reasoned risks
- Actively seek reality
- Focus on market realities
- Respond quickly to change
- Focus on market realities
Only those who can control their fear of risk will move forward in the investing world. This has never been truer than it is in today''s topsy-turvy global economy. Read Inside the Mind of the Turtles and never again hide inside your shell in the face of risk.