What I Learned Losing a Million Dollars

Produktbeschreibung

A frank and honest analysis of how Jim Paul went from governor of the Chicago Mercantile Exchange, to losing over a million dollars in one fatal moment of economic hubris. Paul's cautionary tale is therefore an essential read for all businessmen, offering strategies for avoiding the pitfalls of investing, trading, and speculating. ***MAY STOP PRESS*** 

Inhaltsverzeichnis

Foreword
Preface to the Columbia Edition
Preface
Part I. Reminiscences of a Trader
1. From Hunger
2. To the Real World
3. Wood That I Would Trade
4. Spectacular Speculator
5. The Quest
Part II. Lessons Learned
6. The Psychological Dynamics of Loss
7. The Psychological Fallacies of Risk
8. The Psychological Crowd
Part III. Tying It All Together
9. Rules
Conclusion
Postscript
Appendix
Notes
Bibliography 

Autoreninfo

Jim Paul (1943¿2001) was first vice president in charge of the Morgan Stanley Dean Witter & Co. International Energy Unit in New York City. During his twenty-five-year career in the futures industry, he was a retail broker, floor trader, and research director and served on the Chicago Mercantile Exchange Board of Governors and the Executive Committee.

Brendan Moynihan is a managing director at Marketfield Asset Management LLC, where his understanding of markets and the media helps shape their macro views and allocations. He is an adjunct professor of finance at Vanderbilt University's Owen Graduate School of Management. He is also the author of Financial Origami: How the Wall Street Model Broke. He lives in Barrington Hills, Illinois, with his wife and two sons.

Jack Schwager is the author of the best-selling Market Wizard series as well as the three-volume Schwager on Futures. His latest work, Market Sense and Nonsense, was published in November 2012. He is currently the portfolio manager for the ADMIS Diversified Strategies Fund. His experience includes twenty-two years as director of futures research for some of Wall Street's leading firms.