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Market Sense and Nonsense

How the Markets Really Work (and How They Don't)
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( 226 ratings, 18 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
In Market Sense and Nonsense, Jack D. Schwager delves into the myths and misconceptions surrounding the world of financial markets. The book challenges conventional wisdom and offers practical insights by examining common trading and investment beliefs. Schwager uses real-world examples to distinguish between what genuinely works in trading and what is misleading, providing readers with a clearer perspective on navigating financial decisions.
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Format: Hardback
$7999
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this book if you are interested in demystifying common financial myths and gaining a deeper understanding of market behaviours. It's ideal for those looking to enrich their investment strategies with insights from a seasoned trader and financial expert. Whether you're an investor seeking clarity or simply curious about the truths behind market dynamics, this book offers a compelling perspective.

Book Hero thinking about your next read

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.

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! 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. The simple fact is that many revered investment theories and market models are flatly wrongโ€”that is, if we insist that they work in the real world. Unfounded assumptions, erroneous theories, unrealistic models, cognitive biases, emotional foibles, and unsubstantiated beliefs all combine to lead investors astrayโ€”professionals as well as novices.

In this engaging new book, Jack Schwager, bestselling author of Market Wizards and The New Market Wizards, takes 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 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.

This book offers readers:

  • A compilation of the most insidious, fundamental investment errors the author has observed over his long and distinguished career in the markets.
  • Insight into the fallacies underlying many widely held academic precepts, professional money management methodologies, and investment behaviours.
  • 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.
  • Coverage of both traditional and alternative investment classes, discussing both basic and advanced topics.
  • In the style of his best-selling Market Wizard series, Schwager presents material pertinent to professionals, yet writes in a style that is clear and accessible to the layman.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Jack D. Schwager's Market Sense and Nonsense is highly regarded for its insightful analysis of investment strategies. The book is praised for offering valuable advice to anyone with an investment portfolio, with a special mention for its clear explanation of why leveraged exchange-traded funds can be disappointing. It's also noted for being full of practical, common-sense advice for investors.

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Book Details

INFORMATION

ISBN: 9781118494561

Publisher: John Wiley & Sons Inc

Format: Hardback

Date Published: 07 December 2012

Country: United States

Imprint: John Wiley & Sons Inc

Contributors:

  • Foreword by Joel Greenblatt

Audience: General / adult

DIMENSIONS

Spine width: 31.0mm

Width: 163.0mm

Height: 231.0mm

Weight: 544g

Pages: 368

About the Author

JACK D. SCHWAGER is a recognized industry expert on futures and hedge funds and the author of the widely acclaimed Market Wizards and Schwager on Futures book series. He is currently the co-portfolio manager for the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to Marketopper, an India-based quantitative trading firm. Previously, Mr. 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.

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