What I Learned Losing a Million Dollars

Author: Jim Paul
Publisher: Columbia University Press
ISBN: 0231164688
Format: PDF, Docs
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Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all--his fortune, his reputation, and his job--in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book--winner of a 2014 Axiom Business Book award gold medal--begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it--primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

What I Learned Losing a Million Dollars

Author: Jim Paul
Publisher: Columbia University Press
ISBN: 0231535236
Format: PDF, ePub, Docs
Download Now
Jim Paul’s meteoric rise took him from a small town in Northern Kentucky to Governor of the Chicago Mercantile Exchange, yet he lost it all—his fortune, his reputation, and his job—in one fatal moment of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led up to Paul’s disastrous decision and examine the psychological factors behind bad financial practices in a number of economic sectors. The book begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul’s $1.6 million loss and the essential lessons he learned from it—primarily that, although there are as many ways to make money in the markets as there are people participating in them, there are very few ways to produce a loss. People lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another when the first fails. Paul and Moynihan’s cautionary tale concludes with strategies for avoiding loss, tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

What I Learned Losing a Million Dollars

Author: Jim Paul
Publisher:
ISBN: 9780963579492
Format: PDF, Kindle
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Presents a serious psychological analysis of a trader Explains the three biggest mistakes made by traders investors, how to avoid them, which pattern all losses take, and why the most important factor in trading successfully is not losing.

Investing

Author: Robert Hagstrom
Publisher: Columbia University Press
ISBN: 0231160100
Format: PDF, ePub, Docs
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In this updated second edition, well-known investment author Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature.

Trading on Expectations

Author: Brendan Moynihan
Publisher: John Wiley & Sons
ISBN: 9780471177821
Format: PDF, Kindle
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Designed to prepare candidates for the American Board of Health Physics Comprehensive examination (Part I) and other certification examinations, this monograph introduces professionals in the field to radiation protection principles and their practical application in routine and emergency situations. It features more than 650 worked examples illustrating concepts under discussion along with in–depth coverage of sources of radiation, standards and regulations, biological effects of ionizing radiation, instrumentation, external and internal dosimetry, counting statistics, monitoring and interpretations, operational health physics, transportation and waste, nuclear emergencies, and more. Reflecting for the first time the true scope of health physics at an introductory level, Basic Health Physics: Problems and Solutions gives readers the tools to properly evaluate challenging situations in all areas of radiation protection, including the medical, university, power reactor, fuel cycle, research reactor, environmental, non–ionizing radiation, and accelerator health physics.

We Learn Nothing

Author: Tim Kreider
Publisher: Simon and Schuster
ISBN: 1439198713
Format: PDF
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A New York Times political cartoonist and writer presents a collection of his most popular essays and drawings about life and government hypocrisy, exploring the darkly comic aspects of such topics as falling in love with unlikeable people, managing a friend with outspoken political views and reacting to a long acquaintance's sex-change operation. By the creator of The Pain--When Will It End?

Measure of My Days

Author: Florida Scott-Maxwell
Publisher: Knopf
ISBN: 0307828344
Format: PDF, ePub, Docs
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At eighty-two, Florida Scott-Maxwell felt impelled to write about her strong reactions to being old, and to the time in which we live. Until almost the end this document was not intended for anyone to see, but the author finally decided that she wanted her thoughts and feelings to reach others. Mrs. Scott-Maxwell writes: “I was astonished to find how intensely one lives in one’s eighties. The last years seemed a culmination and by concentrating on them one became more truly oneself. Though old, I felt full of potential life. It pulsed in me even as I was conscious of shrinking into a final form which it was my task and stimulus to complete.” The territory of the old is not Scott-Maxwell’s only concern. In taking the measure of the sum of her days as a woman of the twentieth century, she confronts some of the most disturbing conflicts of human nature—the need for differentiation as against equality, the recognition of the evil forces in our nature—and her insights are challenging and illuminating. The vision that emerges from her accumulated experience of life makes this a remarkable document that speaks to all ages.

Laughing Gas Viagra and Lipitor

Author: Jie Jack Li
Publisher: Oxford University Press
ISBN: 0195300998
Format: PDF, ePub, Mobi
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This is a book on the history of drug discovery that highlights the intellectual splendor of discoverers as well as the human frailty associated with them.

Designing for Growth

Author: Jeanne Liedtka
Publisher: Columbia University Press
ISBN: 0231158386
Format: PDF, Docs
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Outlines the popular business trend through which abstract ideas are developed into practical applications for maximum growth, sharing coverage of its mindset, techniques and vocabulary to reveal how design thinking can address a range of problems and become a core component of successful business practice.