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 .
|Published (Last):||20 August 2015|
|PDF File Size:||14.20 Mb|
|ePub File Size:||16.31 Mb|
|Price:||Free* [*Free Regsitration Required]|
The 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. The Origin of Hedge Funds Chapter Visit our Beautiful Books page and find lovely books for kids, photography lovers and more. But the discussions on the misconceptions are usually straightforward and logical. I doubt an experienced investor would disagree with the conclusions.
Market Sense and Nonsense : How the Markets Really Work (and How They Don’t)
Unfounded assumptions, erroneous theories, unrealistic models, cognitive biases, emotional foibles, and unsubstantiated beliefsall combine to lead investors astray–professionals as well asnovices.
The book contains many mathematical formulae for various concepts like Sharpe ratio, etc. Like so many ducks in a shooting gallery, Schwager picks them off, one at a time, revealing the sennse about many of the fallacious assumptions, theories, and beliefs at the core of investment theory and practice.
It’s a bit dry, but Schwager is brief, makes his point, and moves on so it stays interesting.
Some good stuff but also too much self serving propaganda for the hedge fund industry. Dean Kripalani rated it liked it Mar 07, There is lots of market wisdom here to assimilate.
Market Sense and Nonsense: How the Markets Really Work (and How They Don’t) [Book]
Ettore Valerio rated it really liked it May 03, Expert opinion is NOT more reliable than the proverbialdart-throwing chimpThe markets 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 senae 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.
Trivia About Market Sense and In this book, you’ll discover why: A lot different than the information you might hear from your broker. A Anders rated it really liked it Mar 29, Drawing upon his years as an asset manager and trader, he sharespriceless lessons on an sdnse of investing topics, both basic andadvanced, including portfolio management, risk assessment, investment selection, hedge fund investing, investment timing, andmuch more. SchwagerJoel Greenblatt Foreword by.
Brings to light the fallacies underlying many widely held academic precepts, professional money management methodologies, and investment behaviors.
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. It tells you what investing is really about, which most certainly isn’t what the fakes in the financial servicesindustry, and their paid cheerleaders in the media and academia, want you to think it is about. It includes a tour-de-force destruction of the efficient-market hypothesis the “deficient” hypothesis in Schwager’s words that is by itself worth the price of the book.
Market Sense and Nonsense: Why Almost Everything You Know about Investing Is Wrong
Not exactly what I expected, but it’s quite good. Be the first to ask a question about Market Sense and Nonsense.
Connor Seedall rated it really liked it Jan 25, Jun 25, Paul rated it it was ok. 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 theories of how markets work, convenience usually trumps reality.
As always Schwager is lucid and objective in presenting the evidence.
Market Sense and Nonsense : Jack D. Schwager :
Unfounded assumptions, erroneous theories, unrealistic models, cognitive biases, emotional foibles, and unsubstantiated beliefs all combine to lead investors astray—professionals as well as novices.
That should tell you almost ev Not exactly what I expected, but it’s quite good. Nearly every chapter ends with 1 a summary of the investment misconceptions discovered, 2 a review of the “market reality” versus conventional wisdom, and 3 the “investment insights” or takeaways that may be useful to the reader.
Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm, which specialized in creating customized anv 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.
This book will be insightful to professionals and yet readable by the broader audience with onnsense interest in investment, trading, and finance.
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.
In all he analyzes and overturns 55 common misconceptions about the way markets work. A supreme rubbish book.