Market Sense and Nonsense: How the Markets Really Work (And How Bestselling author, Jack Schwager, challenges the assumptions at the. In this engaging new book, Jack Schwager, bestselling author of Market Wizards and The New Market Wizards, takes aim at the most perniciously pervasive. Bestselling author, Jack Schwager, challenges the assumptions at the core of investment theory and practice and exposes common investor mistakes, missteps .
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Market Sense and Nonsense : Jack D. Schwager :
Scgwager part on hedge funds does have its merits, especially the more advanced chapters, and it could very well have made a book on its own. Like so ajck ducks in a shooting gallery, Schwager picks them off, one at a time, revealing the truth about many of the fallacious assumptions, theories, and beliefs at the core of investment theory and practice. As always Schwager is lucid and objective in presenting the evidence.
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Market Sense and Nonsense: How the Markets Really Work (and How They Don’t)
I found this section surprisingly interesting and practical both as an active trader myself and as a prospective hedge fund investor. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last two decades: He is also an advisor to Marketopper, an India-based quantitative trading firm.
Itaddresses many of the difficult issues faced by investmentprofessionals today, but written in a way which is designed mmarket beunderstood by people without a background in investing orfinance. The book contains many mathematical formulae for various concepts like Sharpe ratio, etc. Do We Mean to Imply. The simple fact is that many revered investment theories and market models are flatly wrong that is, if we insist that they work in the real world.
Started a little slow for me. This book deserves a five star rating. Jack Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial senwe. Marco rated it it was ok May 09, I doubt an experienced investor would disagree with the conclusions.
Hedge Funds as an Investment Chapter It has given me much food for thought. Errors ssense permeate widely accepted academic precepts, professional money management methodologies, and investment behavior. Investment professionals commit their own share of routine errors.
Market Sense and Nonsense: How the Markets Really Work (and How They Don’t) [Book]
If I marrket been too harsh in my critique, it is because of my high expectations of a favorite author. Thanks for telling us about the problem.
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. Some good stuff but also too much self serving propaganda for the hedge fund industry.
For the few of you who are still reading my review, the surprise here is that only a third of the book is about markets and risk how past returns can be misguiding, mismeasuring risk is worse than not measuring it at all, volatility does not mean what you want it to mean, and the correct uses of correlation.
Ettore Valerio rated it really liked it May 03, Market Sense and Nonsense: Dec 27, Tom Foreman rated it it was amazing Shelves: Drawing upon his years as an asset manager and trader, he sharespriceless lessons on an array of investing topics, both basic andadvanced, including portfolio management, risk assessment, investment selection, hedge fund investing, investment timing, andmuch more.
Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm, which specialized in creating customized hedge fund portfolios for institutional clients, and also spent over twenty years as a director of futures research for some of Wall Street’s leading firms. Want to Read Currently Reading Read. Travis James rated it really liked it Jan 12, I was excited when I first heard about this book.
In this engaging new book, Sene Schwager, bestselling author of theMarket Wizards series, takes aim at some of the cshwager market precepts, money management misconceptions, andirrational investor behaviors.
Unfounded assumptions, erroneous theories, unrealistic madket, cognitive biases, emotional foibles, and unsubstantiated beliefs all combine to lead investors astray professionals as well as novices. Jamie rated it did not like it Apr 04, Markets, Return, and Risk Chapter 1: This book is destined to beone of the greatest texts on markets and investing for discussionin schools, universities and barrooms the world over.
Market Sense and Nonsense : How the Markets Really Work (and How They Don’t)
Spans both traditional and alternative investment classes, covering both basic and advanced topics. Description Bestselling author, Jack Schwager, challenges the assumptions at the core of investment theory and practice and exposes common investor mistakes, missteps, myths, and misreads When it comes to investment models and markeg of how markets work, convenience usually trumps reality.
Market Sense and Nonsense: