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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The housing bubble of the s provided a classic example. A supreme rubbish book.

Thorp, author of Beat the Dealer andBeat the Market “Jack Schwager’s new book, Market Sense and Nonsense, deftly addresses a large number of seldomly clarified facts andmyths about the investment management business. And another nail in the coffin of ssense ridiculous “efficient market” believers rhetoric which is still being pushed by most MBA programs. There is more than just investment mythbusting going on here.

All tie together pointing the way to better-informed investment strategies. Added to Your Shopping Cart. The writing is more pedestrian and academic.

Good read from someone that understands how markets really work. Just a moment while we sign you in to your Goodreads account. Few are more appropriate for this kind of analysis than Schwager.

A compilation of the most insidious, fundamental investment errors the author has observed over his long and distinguished career in the markets Brings to light the fallacies underlying many widely held academic precepts, professional money management methodologies, and investment behaviors A sobering dose of real-world insight for investment professionals and a highly readable source of information and guidance for general readers interested in investment, trading, and finance Spans both traditional and alternative investment classes, covering both basic and advanced topics As in his best-selling Market Wizard series, Schwager manages the trick of covering material that is pertinent to professionals, yet writing in a style that is clear and accessible to the layman.

Appendix Two contains mathematical formulas for all of the risk-return metrics used in the book. That should tell you almost ev Not exactly what I expected, but it’s quite good.


Market Sense and Nonsense: Why Almost Everything You Know about Investing Is Wrong

Aug 21, InvestingByTheBooks. Schwager has performed a majorservice for anyone who ever gets a spare dime to invest and wantsto know how to avoid making a mistake. Schwager has written extensively jacl the futures industry and great traders in all financial markets. Despite some objections to this book, I still regard Schwager to be one of the most able professionals in our industry.

One common error that manifests itself in many different forms is the tendency to draw conclusions based on insufficient or irrelevant data.

How Much Is Enough? Goodreads helps you keep track of books you want to read. It is essentially a more technical version of Michael Dever’s “Jack Investing”, although it doesn’t cover the range of “myths” outlined by Dever.

Market Sense and Nonsense: 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.

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.

Hedge Funds as an Investment Chapter Juan Orozco rated it really liked it Jul 11, We’re featuring millions of their reader ratings on our book pages to help you find your new favourite book. Schwager summarizes his book with 32 Investment Observations. It tells you what investing is really about, which most certainly isn’t what the fakes in the financial servicesindustry, and ajd paid cheerleaders in the media and academia, want you to think it is about.

From the theory of efficient marketsto nonsdnse in up markets and selling in down markets, Schwager turnseach misguided idea on its head, one at a time. Appendix One is an introduction to options as an investment tool. Expert opinion is NOT more reliable than the proverbialdart-throwing chimpThe scwager are NOT efficientLow volatility does NOT necessarily imply low risk, and highvolatility does NOT necessarily imply high riskMarket prices are NOT normally distributedInvesting in equities when markets are doing well is NOTconducive to achieving above-average returnsConcentrating on funds with the strongest record of returns isNOT a sound strategyPast returns are NOT a reliable indicator of futureperformanceA hedge fund portfolio strategy is NOT riskier than atraditional portfolio approachVaR does NOT provide a good indication of worst-case riskSuperior performance does NOT necessarily imply managerskill But Schwager does much more than simply burst bubbles; he offersa sobering draught of real-world investment insight and guidancespanning both traditional and alternative investment classes.


Lists with This Book. Smart, clever, funny; deliciouslyconcise.

Market Sense and Nonsense: How the Markets Really Work (and How They Don’t)

By using our website you agree to our use of cookies. Jan 13, Alan Lattanner rated it it was amazing Shelves: Do We Mean to Imply In this engaging new book, Jack Schwager, bestselling author of Market Wizards and The New Market Wizardstakes aim at the most perniciously pervasive academic precepts, money management canards, market myths and investor errors.

Like so many ducks in a shooting gallery, Schwager picks jacck 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. Visit our Beautiful Books page and find lovely books for kids, photography lovers and more.

Market Sense and Nonsense: How the Markets Really Work (and How They Don’t) [Book]

Adwin rated it did not like it Jun 09, Schwager takes time to explore his subject matter scientifically then draws conclusions based on a strong mix of qualitative and quantitative arguments.

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. Our customer reviews I found this book interesting and data-filled.

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