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Charts;
+The Super Traders\Rubenfeld
Charts;
+The Super Traders\Rubenfeld
What are you presently reading?
- Thread starter mikeriley
- Start date
No offense, but most of those guys covered in the book are "super marketers". One of the reviews on Amazon aptly titled the book: Poor Man's Market Wizards.
Haven't started yet but the subject of neuroeconomics is a fascinating topic that shouldn't be overlooked IMO.
Some snippets from the book:
Some snippets from the book:
"HOW COULD I HAVE BEEN SUCH AN IDIOT?" IF YOU'VE never yelled that sentence at yourself in a fury, you're not an investor. There may be nothing across the entire spectrum of human endeavor that makes so many smart people feel so stupid as investing does. That's why I've set out to explain, in terms any investor can understand, what goes on inside your brain when you make decisions about money. To get the best use out of any tool or machine, it helps to know at least a little about how it works; you will never maximize your wealth unless you can optimize your mind. Fortunately, over the past few years, scientists have made stunning discoveries about the ways the human brain evaluates rewards, sizes up risks, and calculates probabilities. With the wonders of imaging technology, we can now observe the precise neural circuitry that switches on and off in your brain when you invest.
The newest findings in neuroeconomics suggest that much of what we've been told about investing is wrong. In theory, the more we learn about our investments, and the harder we work at understanding them, the more money we will make. Economists have long insisted that investors know what they want, understand the tradeoff between risk and reward, and use information logically to pursue their goals. In practice, however, those assumptions often turn out to be dead wrong.
The newest findings in neuroeconomics suggest that much of what we've been told about investing is wrong. In theory, the more we learn about our investments, and the harder we work at understanding them, the more money we will make. Economists have long insisted that investors know what they want, understand the tradeoff between risk and reward, and use information logically to pursue their goals. In practice, however, those assumptions often turn out to be dead wrong.
%%No offense, but most of those guys covered in the book are "super marketers". One of the reviews on Amazon aptly titled the book: Poor Man's Market Wizards.
NO offence taken;
i would not call that NYSE specialist...... in there a ''poor man...'' But i seldom worry about an AMZN small sample.
Are they in the same class or % gainers as Jack Schwager top traders?? Maybe not, but that's not a prediction
Sunday, again. Unfortunately, I only finished two books:
Retirement Income For Life
Getting More Without Saving More
By Frederick Vettese
The Revolution that Wasn't
Gamestop, Reddit, and the Fleecing of Small Investors
By Spencer Jakab
Going forward, I will most likely have less books to update, as I'm going to be busy taking taxation school on the weekends. On the flip side, just maybe I'll have a lot more tax-books to post about.
I'll finish off a few Philosophy books before October and then I'm going to hit Taxation & Accounting non-stop until at least the middle of January when my course comes to an end.
Retirement Income For Life
Getting More Without Saving More
By Frederick Vettese
This was the (completely revised and updated) edition. It was so-so, but nothing special. Though I did learn a couple things regarding the 'quirky CPP rules' near the end of the book, and ways to game-the-system legally. I never knew about CPP dilution being a thing before.
The Revolution that Wasn't
Gamestop, Reddit, and the Fleecing of Small Investors
By Spencer Jakab
I guess this was ok. I'll be interested in watching the movie when/if it comes out. Despite I lived through it, and even shorted a share for kicks during the attempted squeeze, it really didn't captivate me.
Going forward, I will most likely have less books to update, as I'm going to be busy taking taxation school on the weekends. On the flip side, just maybe I'll have a lot more tax-books to post about.
I'll finish off a few Philosophy books before October and then I'm going to hit Taxation & Accounting non-stop until at least the middle of January when my course comes to an end.
%%
The Legacy Journey;
by Dave Ramsey. Good + basic, even though i sure would not compare doing single stocks to Las Vegas. Nor would anyone that did well with them maybe do that comp .
I don't do single stocks anymore , but i do better with ETFs.
I'm sure he has seen a lot of gains ;
maybe more losses with people doing single stocks or buying new cars also.LOL. Not that all stocks depreciate like a new car ; some do
The Legacy Journey;
by Dave Ramsey. Good + basic, even though i sure would not compare doing single stocks to Las Vegas. Nor would anyone that did well with them maybe do that comp .
I don't do single stocks anymore , but i do better with ETFs.
I'm sure he has seen a lot of gains ;
maybe more losses with people doing single stocks or buying new cars also.
LOL. Not that all stocks depreciate like a new car ; some do
Already it's Sunday AGAIN. I'm finishing up studying for my taxation course this weekend, and trying to get a few things out of the way. Two books read this week:
Philosophy
a visual encyclopeia
By DK?
MASTER YOUR TAXES
How to maximize your after-tax returns
By Evelyn Jacks
Philosophy
a visual encyclopeia
By DK?
It would have been an ok intro to philo, but once again, too much feminism riff-raff near the end. I'm getting tired of the feminazi stuff by now.
MASTER YOUR TAXES
How to maximize your after-tax returns
By Evelyn Jacks
Quite an error in this book-- the author recommending that you must file your taxes in order to make use of the TFSA. What? Really?
During next week, I'll try to finish through another one of Evelyn's books. This one:
TAIL RISKS originate from the failure of mean reversion and the idealized bell curve of asset returns, which assumes that highly probable outcomes occur near the center of the curve and that unlikely occurrences, good and bad, happen rarely, if at all, at either tail of the curve. Ever since the global financial crisis, protecting investments against these severe tail events has become a priority for investors and money managers, but by and large investors are horrible risk managers. Most have long-only portfolios; the savvier among them pride themselves on being diversified. But in a major sell-off, where correlations usually increase dramatically, they are unprotected and will most likely end up bloodied. In one of the first comprehensive and rigorous books ever written on tail risk hedging, Bhansali lays out a systematic approach to protecting portfolios from, and potentially benefiting from, rare yet severe market outcomes.
