By Stephen L. Weiss
ISBN-10: 0470572663
ISBN-13: 9780470572665
Very important funding classes gleaned from the error of entire expert traders and billionaire businessmen. The Billion buck Mistake is an up-close account of the career-defining error that a number of the world's so much amazing billionaire traders have made, and a revealing examine what we will be able to examine from them. Drawing on writer Stephen Weiss' twenty-two years adventure at a few of Wall Street's Read more...
summary: very important funding classes gleaned from the error of complete expert traders and billionaire businessmen. The Billion buck Mistake is an up-close account of the career-defining error that many of the world's such a lot remarkable billionaire traders have made, and a revealing examine what we will study from them. Drawing on writer Stephen Weiss' twenty-two years event at a few of Wall Street's so much prestigious agencies, the middle of this publication relies upon unique learn and interviews with those mythical traders, who talk about the main major exchange or funding that
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Additional info for The billion dollar mistake : learning the art of investing through the missteps of legendary investors
Sample text
If not, you could end up like Peloton’s investors. • In fact, be wary of them: They’re a hint to look under the hood. Remember that high return means higher risk, and higher risk can wipe out your principal. • If you often visit McDonald’s and notice that a new menu is attracting more diners, it’s easy enough to draw the conclusion that business is getting better and that stock in the fast food chain may be worth buying. But if you overhear two chemists talking about synthesizing aluminum clusters to produce hydrogen, unless it is your personal area of expertise, do not invest in it.
Make sure you understand his or her motives in servicing your account. P. Morgan ’s motives were to profit from Amaranth’s difficulties, that the bank gained more from the fund failing than it would have gained had the fund succeeded. ) To an individual investor, this should also be a concern. Disreputable brokers make more money by convincing you to trade often—it’s called churning—because their earnings derive from commissions and not from the money that you might earn from a buy-and- hold strategy.
The profits you have already made in an investment have been accounted for and taxed. Стр. 30 из 92 Стр. 31 из 92 s with any tool, leverage can do wonders if you know how to use it. But if you hold it wrong or get careless or look the other way even for a second, it can draw blood. That’s a high number for any company, but it is very high for a company whose fortunes—and therefore ability to service the debt—could rise and fall with natural gas prices and with whether Chesapeake’s hedges on forward pricing were good bets or bad.
The billion dollar mistake : learning the art of investing through the missteps of legendary investors by Stephen L. Weiss
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