What I Learned Losing A Million Dollars

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What I Learned Losing a Million Dollars

Author : Jim Paul
Publisher : Columbia University Press
ISBN 13 : 0231164688
Total Pages : 192 pages
Book Rating : 4.2/5 (311 download)

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Book Synopsis What I Learned Losing a Million Dollars by : Jim Paul

Download or read book What I Learned Losing a Million Dollars written by Jim Paul and published by Columbia University Press. This book was released on 2013-05-21 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Million-Dollar Throw

Author : Mike Lupica
Publisher : Penguin
ISBN 13 : 0142415588
Total Pages : 273 pages
Book Rating : 4.1/5 (424 download)

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Book Synopsis Million-Dollar Throw by : Mike Lupica

Download or read book Million-Dollar Throw written by Mike Lupica and published by Penguin. This book was released on 2010-11-16 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the #1 New York Times bestselling author of HEAT and TRAVEL TEAM. Everyone calls Nate Brodie "Brady" because he's a New England quarterback, just like his idol, Tom Brady. And now he's got a chance to win a million dollars by throwing one pass through a target at halftime in the Patriots; Thanksgiving night game. More than anything, Nate's family needs the money—his dad's been downsized, his mom's working two jobs, and they're on the verge of losing their house. The worry is more weight than a 13-year-old can bear, and it's affecting his playing for his own football team. Suddenly the boy with the golden arm is having trouble completing a pass . . . but can he make the one that really counts?

Studies in Tape Reading

Author : Richard Demille Wyckoff
Publisher :
ISBN 13 :
Total Pages : 198 pages
Book Rating : 4.:/5 (334 download)

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Book Synopsis Studies in Tape Reading by : Richard Demille Wyckoff

Download or read book Studies in Tape Reading written by Richard Demille Wyckoff and published by . This book was released on 1910 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Origami

Author : Brendan Moynihan
Publisher : John Wiley & Sons
ISBN 13 : 111803032X
Total Pages : 154 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Financial Origami by : Brendan Moynihan

Download or read book Financial Origami written by Brendan Moynihan and published by John Wiley & Sons. This book was released on 2011-02-16 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth look at the failure of Wall Street's "proven" financial models Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model, which ultimately proved to be the underlying cause of the 2008 financial crisis. In Financial Origami, Brendan Moynihan describes how the Wall Street business model evolved from a method to transfer risk into a method for manufacturing risk. Along the way, this timely book skillfully dissects financial engineering and addresses how it's often a mechanism to evade regulatory constraints, provide institutional investors with customized products, and, of course, generate revenue for financial engineers. Reveals how Wall Street's financial engineering business model morphed into something destructive Highlights how the origami model worked well in the comparatively stable years of the early 2000s, when there was less risk to transfer Discusses how Wall Street began manufacturing risk by creating products that multiplied risk exposures and encouraged subprime lending With the collapse of Lehman Brother the Wall Street business model effectively broke. But there are many lessons to be learned from what has transpired, and Financial Origami will show you what they are.

Trading on Expectations

Author : Brendan Moynihan
Publisher : John Wiley & Sons
ISBN 13 : 9780471177821
Total Pages : 260 pages
Book Rating : 4.1/5 (778 download)

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Book Synopsis Trading on Expectations by : Brendan Moynihan

Download or read book Trading on Expectations written by Brendan Moynihan and published by John Wiley & Sons. This book was released on 1997-04-29 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vor einer erfolgreichen Verkaufsplanung steht die sorgfältige Marktanalyse. Bei dieser nicht unkomplizierten Aufgabe hilft Ihnen die neue Methode, die in diesem Buch erläutert wird: Wichtige psychologische und technische Indikatoren des Marktverhaltens werden verknüpft. Eine unentbehrliche Fundgrube für alle Händler, die strategische Entscheidungen für ihr Geschäft treffen müssen.

Confessions of a Street Addict

Author : James J. Cramer
Publisher : Simon and Schuster
ISBN 13 : 9780743224888
Total Pages : 356 pages
Book Rating : 4.2/5 (248 download)

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Book Synopsis Confessions of a Street Addict by : James J. Cramer

Download or read book Confessions of a Street Addict written by James J. Cramer and published by Simon and Schuster. This book was released on 2003-06-06 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cramer takes readers on a no-holds-barred tour of life on Wall Street--revealing how the game is played, who breaks the rules, and who gets hurt.

The Million Dollar Decision

Author : Robert Rolih
Publisher :
ISBN 13 : 9781946978004
Total Pages : pages
Book Rating : 4.9/5 (78 download)

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Book Synopsis The Million Dollar Decision by : Robert Rolih

Download or read book The Million Dollar Decision written by Robert Rolih and published by . This book was released on 2017-03-14 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "If you care about your financial future and if you don't want to get ripped off by the financial industry, read this book now." (Daven Michaels, NY Times bestselling author) Are you investing with the help of financial advisers, money managers or bankers? Are you thinking about investing, but you don't know where to start and who to trust in the financial jungle out there? Are you a busy professional who hates financial mumbo-jumbo and doesn't have time for investing? Are you scared to invest because it seems too overwhelming and complex? The BAD news is that most financial advisers, gurus and other financial "experts" are out there to legally steal your invested money. That is why a typical investor loses more than one million dollars in his/her investing career (see pages 172-175). The GOOD news is that you can smile now because finally there is a simple solution. Robert Rolih will share with you the details and secret subtleties that will enable you to fire your financial adviser, take control of your money and investments and outperform the pros - while spending only a few hours per year. By reading The Million Dollar Decision, you'll finally discover how to make sure your invested money works for you and not for the financial industry: The Six Dark Forces of Investing: if you don't learn what these forces are, you will never be able to invest profitably. Get to know them, and Darth Vader will seem like a good guy to you. The Commission Camouflage Effect: learn how the financial industry takes most of your future returns - without you even being aware of it. The most important formula of your financial life: Financial Success Formula. This is an entirely new philosophy on personal finance and investing that will, quite literally, save you financially. If you have adult children, you will want to share it with them right away. Financial safety with the A.R.M.O.R. Formula: even if you are the kindest and most positive person, something unforeseen can happen that turns everything around. Use this simple formula to prevent financial disasters from disrupting your financial security. Selecting the right financial products and minimizing risk: stocks, bonds, mutual funds, index funds, gold, silver. Get a clear answer on how to make the right choices. Investing for retirement or to grow your wealth simply can't get easier! How to beat Richard Branson's speed of creating wealth with one smart move? No hype. Just facts. This will come as a total surprise for you. Short-Term Investing Slaughterhouse: learn the sad truth about short-term trading. If you are thinking about trading stocks, Forex, binary options and other instruments, this chapter will be a life saver. How to make the Million Dollar Decision, get out of the rigged game of investing and add a million to your net worth in just a couple of hours per year? By reading this book you'll have total confidence in yourself when investing and outperform even the experts in just a couple of hours per year. Add this book to cart now and make your Million Dollar Decision! "Being a doctor of medicine I have never enjoyed books about personal finance and investing. That was the first book that I not only read from cover to cover, but used it to change my investing plans. I cannot thank you enough for the information in your book. nDylaan Dowlati, MD, MBA-HCM "I thought I knew just about all there is to know about investing. But I put my emotions aside and listened to Robert's logic and I was stunned! I took immediate action to bring my investments in line with his recommendations. I believe this book really will be a Million Dollar Decision for me!" -Ralph Brogden, bestselling author

How to Turn $100 Into $1,000,000

Author : James McKenna
Publisher : Workman Publishing
ISBN 13 : 076118080X
Total Pages : 145 pages
Book Rating : 4.7/5 (611 download)

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Book Synopsis How to Turn $100 Into $1,000,000 by : James McKenna

Download or read book How to Turn $100 Into $1,000,000 written by James McKenna and published by Workman Publishing. This book was released on 2016-01-01 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Published simultaneously in Canada by Thomas Allen & Son, Limited"--Title page verso.

Price Wars

Author : Rupert Russell
Publisher : Doubleday
ISBN 13 : 038554586X
Total Pages : 229 pages
Book Rating : 4.3/5 (855 download)

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Book Synopsis Price Wars by : Rupert Russell

Download or read book Price Wars written by Rupert Russell and published by Doubleday. This book was released on 2022-02-01 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: A fascinating, groundbreaking exposé of how commodity traders in New York and London have destabilized societies all over the world, leaving the most vulnerable at the mercy of hunger, chaos, and war. • With a new Afterword for the ebook. For Rupert Russell, the Brexit vote was only the latest shock in a decade full of them: the unstoppable war in Syria, huge migrant flows into Europe, beheadings in Iraq, children placed in cages on the U.S. border. In Price Wars, he sets out on a worldwide journey to investigate what caused the wave of chaos that consumed the world in the 2010s. Russell travels to Tunisia, Iraq, Venezuela, Ukraine, East Africa, and Central America and discovers that unrest in all these places was triggered by dramatic and mysterious swings in the price of essential commodities. Deregulation of the commodities markets means that food prices can shoot up even in years of abundant harvests, causing hunger and protest. Oil prices and real-estate values can surge even when supplies are normal, enriching and emboldening dictators. It is this instability--fueled by banks and hedge funds in faraway New York and London--that has toppled regimes and unsettled the West. Price Wars is a fascinating, original, and groundbreaking exposé of the power of the commodities markets to disrupt the world.

How I Made $2,000,000 in the Stock Market

Author : Nicholas Darvas
Publisher : Jaico Publishing House
ISBN 13 : 8119153022
Total Pages : 128 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis How I Made $2,000,000 in the Stock Market by : Nicholas Darvas

Download or read book How I Made $2,000,000 in the Stock Market written by Nicholas Darvas and published by Jaico Publishing House. This book was released on 2023-05-20 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: HOW I MADE $2,000,000 IN THE STOCK MARKET is an extraordinary book. It tells one of the most unusual success stories in the history of the stock market. Nicolas Darvas was not a stock market professional trading on inside information. He was one of the highest paid dancers in show business. Yet he was able to make himself a millionaire several times over by his unique investment approach. Unlike other so-called systems, it worked regardless of whether the market rose or fell. When news of Darvas’s fantastic profits and methods leaked, he was featured in Time magazine. He then was persuaded to write this book, which became an instant hit—selling nearly 200,000 copies in eight weeks. Many of the companies talked about in this book no longer exist. Many of the stocks are no longer traded. Nevertheless, the basic principles are as sound as ever.

The Great Mental Models, Volume 1

Author : Shane Parrish
Publisher : Penguin
ISBN 13 : 0593719972
Total Pages : 209 pages
Book Rating : 4.5/5 (937 download)

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Book Synopsis The Great Mental Models, Volume 1 by : Shane Parrish

Download or read book The Great Mental Models, Volume 1 written by Shane Parrish and published by Penguin. This book was released on 2024-10-15 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover the essential thinking tools you’ve been missing with The Great Mental Models series by Shane Parrish, New York Times bestselling author and the mind behind the acclaimed Farnam Street blog and “The Knowledge Project” podcast. This first book in the series is your guide to learning the crucial thinking tools nobody ever taught you. Time and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models–representations of how something works that can scale onto other fields. Mastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back. The Great Mental Models: Volume 1, General Thinking Concepts shows you how making a few tiny changes in the way you think can deliver big results. Drawing on examples from history, business, art, and science, this book details nine of the most versatile, all-purpose mental models you can use right away to improve your decision making and productivity. This book will teach you how to: Avoid blind spots when looking at problems. Find non-obvious solutions. Anticipate and achieve desired outcomes. Play to your strengths, avoid your weaknesses, … and more. The Great Mental Models series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.

Million Dollar Blackjack

Author : Ken Uston
Publisher :
ISBN 13 : 9781626540156
Total Pages : 414 pages
Book Rating : 4.5/5 (41 download)

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Book Synopsis Million Dollar Blackjack by : Ken Uston

Download or read book Million Dollar Blackjack written by Ken Uston and published by . This book was released on 2014-11-14 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contrary to popular opinion, anyone who enters a casino can win at blackjack. In blackjack, unlike many casino games, your winnings depend on skill rather than chance. Players have left behind billions of dollars at the blackjack table, but it doesn't have to be that way anymore World famous blackjack expert Ken Uston provides seven simple rules to improve your game and presents students with four levels of winning skills. Strategies start with the Simple Plus/Minus for beginners and work up to the Advanced Plus/Minus and the Uston Ace-Five Count. "Million Dollar Blackjack" also explains the Uston Advance Point Count method, used by some of the world's top blackjack professionals. Notoriously hailed the "blackjack bible," "Million Dollar Blackjack" remains one of the most pivotal and comprehensive guides on the game. Breaking down the various rules, strategies, and counting methods, Uston discloses the tactics that made him a multi-million dollar winner. In this book, he covers nearly every aspect of casino blackjack from selecting the right game, to avoiding being barred, to the "illegal" side of blackjack, to cheating dealers and players. "Million Dollar Blackjack" details a myriad of playing techniques fortified by insider information. Ken Uston has carefully evaluated all previous blackjack theories and schools to offer you the most comprehensive guide on the game. Ken Uston (1935-1987) was arguably the world's foremost blackjack player and game strategist. He graduated from Yale with a BA in Economics and received his MBA in Finance from Harvard. After a stint as the Senior Vice President of the Pacific Coast Stock Exchange, Uston traded his three-piece suit for the unpredictable life of the professional gambler. During his blackjack career, he mastered card counting, which led him to be barred from a number of casinos. Uston won a lawsuit against casinos in New Jersey, which protested the banishment of card-counting players, and its ruling still holds today. Uston has authored a number of bestselling books including "Ken Uston on Blackjack" and "Mastering Pac-Man."

Hustle Harder, Hustle Smarter

Author : Curtis "50 Cent" Jackson
Publisher : HarperCollins
ISBN 13 : 0062953826
Total Pages : 317 pages
Book Rating : 4.0/5 (629 download)

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Book Synopsis Hustle Harder, Hustle Smarter by : Curtis "50 Cent" Jackson

Download or read book Hustle Harder, Hustle Smarter written by Curtis "50 Cent" Jackson and published by HarperCollins. This book was released on 2020-04-28 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER For the first time, Curtis “50 Cent” Jackson opens up about his amazing comeback—from tragic personal loss to thriving businessman and cable’s highest-paid executive—in this unique self-help guide, his first since his blockbuster New York Times bestseller The 50th Law. In his early twenties Curtis Jackson, known as 50 Cent rose to the heights of fame and power in the cutthroat music business. A decade ago the multi-platinum selling rap artist decided to pivot. His ability to adapt to change was demonstrated when he became the executive producer and star of Power, a high-octane, gripping crime drama centered around a drug kingpin’s family. The series quickly became “appointment” television, leading to Jackson inking a four-year, $150 million contract with the Starz network—the most lucrative deal in premium cable history. Now, in his most personal book, Jackson shakes up the self-help category with his unique, cutting-edge lessons and hard-earned advice on embracing change. Where The 50th Law tells readers “fear nothing and you shall succeed,” Hustle Harder, Hustle Smarter builds on this message, combining it with Jackson’s street smarts and hard-learned corporate savvy to help readers successfully achieve their own comeback—and to learn to flow with the changes that disrupt their own lives.

Market Sense and Nonsense

Author : Jack D. Schwager
Publisher : John Wiley & Sons
ISBN 13 : 1118523164
Total Pages : 373 pages
Book Rating : 4.1/5 (185 download)

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Book Synopsis Market Sense and Nonsense by : Jack D. Schwager

Download or read book Market Sense and Nonsense written by Jack D. Schwager and published by John Wiley & Sons. This book was released on 2012-10-19 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 wrong—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 astray—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. 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

Forty Million Dollar Slaves

Author : William C. Rhoden
Publisher : Crown
ISBN 13 : 0307565742
Total Pages : 306 pages
Book Rating : 4.3/5 (75 download)

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Book Synopsis Forty Million Dollar Slaves by : William C. Rhoden

Download or read book Forty Million Dollar Slaves written by William C. Rhoden and published by Crown. This book was released on 2010-02-10 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: NEW YORK TIMES BESTSELLER • “An explosive and absorbing discussion of race, politics, and the history of American sports.”—Ebony From Jackie Robinson to Muhammad Ali and Arthur Ashe, African American athletes have been at the center of modern culture, their on-the-field heroics admired and stratospheric earnings envied. But for all their money, fame, and achievement, says New York Times columnist William C. Rhoden, black athletes still find themselves on the periphery of true power in the multibillion-dollar industry their talent built. Provocative and controversial, Rhoden’s $40 Million Slaves weaves a compelling narrative of black athletes in the United States, from the plantation to their beginnings in nineteenth-century boxing rings to the history-making accomplishments of notable figures such as Jesse Owens, Althea Gibson, and Willie Mays. Rhoden reveals that black athletes’ “evolution” has merely been a journey from literal plantations—where sports were introduced as diversions to quell revolutionary stirrings—to today’s figurative ones, in the form of collegiate and professional sports programs. He details the “conveyor belt” that brings kids from inner cities and small towns to big-time programs, where they’re cut off from their roots and exploited by team owners, sports agents, and the media. He also sets his sights on athletes like Michael Jordan, who he says have abdicated their responsibility to the community with an apathy that borders on treason. The power black athletes have today is as limited as when masters forced their slaves to race and fight. The primary difference is, today’s shackles are invisible. Praise for Forty Million Dollar Slaves “A provocative, passionate, important, and disturbing book.”—The New York Times Book Review “Brilliant . . . a beautifully written, complex, and rich narrative.”—Washington Post Book World “A powerful call for more black athletes to give back to their communities.”—Los Angeles Times

The Biggest Bluff

Author : Maria Konnikova
Publisher : Penguin
ISBN 13 : 0525522646
Total Pages : 369 pages
Book Rating : 4.5/5 (255 download)

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Book Synopsis The Biggest Bluff by : Maria Konnikova

Download or read book The Biggest Bluff written by Maria Konnikova and published by Penguin. This book was released on 2021-06-08 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New York Times bestseller • A New York Times Notable Book “The tale of how Konnikova followed a story about poker players and wound up becoming a story herself will have you riveted, first as you learn about her big winnings, and then as she conveys the lessons she learned both about human nature and herself.” —The Washington Post It's true that Maria Konnikova had never actually played poker before and didn't even know the rules when she approached Erik Seidel, Poker Hall of Fame inductee and winner of tens of millions of dollars in earnings, and convinced him to be her mentor. But she knew her man: a famously thoughtful and broad-minded player, he was intrigued by her pitch that she wasn't interested in making money so much as learning about life. She had faced a stretch of personal bad luck, and her reflections on the role of chance had led her to a giant of game theory, who pointed her to poker as the ultimate master class in learning to distinguish between what can be controlled and what can't. And she certainly brought something to the table, including a Ph.D. in psychology and an acclaimed and growing body of work on human behavior and how to hack it. So Seidel was in, and soon she was down the rabbit hole with him, into the wild, fiercely competitive, overwhelmingly masculine world of high-stakes Texas Hold'em, their initial end point the following year's World Series of Poker. But then something extraordinary happened. Under Seidel's guidance, Konnikova did have many epiphanies about life that derived from her new pursuit, including how to better read, not just her opponents but far more importantly herself; how to identify what tilted her into an emotional state that got in the way of good decisions; and how to get to a place where she could accept luck for what it was, and what it wasn't. But she also began to win. And win. In a little over a year, she began making earnest money from tournaments, ultimately totaling hundreds of thousands of dollars. She won a major title, got a sponsor, and got used to being on television, and to headlines like "How one writer's book deal turned her into a professional poker player." She even learned to like Las Vegas. But in the end, Maria Konnikova is a writer and student of human behavior, and ultimately the point was to render her incredible journey into a container for its invaluable lessons. The biggest bluff of all, she learned, is that skill is enough. Bad cards will come our way, but keeping our focus on how we play them and not on the outcome will keep us moving through many a dark patch, until the luck once again breaks our way.

Antifragile

Author : Nassim Nicholas Taleb
Publisher : Random House Trade Paperbacks
ISBN 13 : 0812979680
Total Pages : 546 pages
Book Rating : 4.8/5 (129 download)

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Book Synopsis Antifragile by : Nassim Nicholas Taleb

Download or read book Antifragile written by Nassim Nicholas Taleb and published by Random House Trade Paperbacks. This book was released on 2014-01-28 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Antifragile is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, The Black Swan, Skin in the Game, and The Bed of Procrustes. Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world. Just as human bones get stronger when subjected to stress and tension, and rumors or riots intensify when someone tries to repress them, many things in life benefit from stress, disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. In Antifragile, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The antifragile is beyond the resilient or robust. The resilient resists shocks and stays the same; the antifragile gets better and better. Furthermore, the antifragile is immune to prediction errors and protected from adverse events. Why is the city-state better than the nation-state, why is debt bad for you, and why is what we call “efficient” not efficient at all? Why do government responses and social policies protect the strong and hurt the weak? Why should you write your resignation letter before even starting on the job? How did the sinking of the Titanic save lives? The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine. And throughout, in addition to the street wisdom of Fat Tony of Brooklyn, the voices and recipes of ancient wisdom, from Roman, Greek, Semitic, and medieval sources, are loud and clear. Antifragile is a blueprint for living in a Black Swan world. Erudite, witty, and iconoclastic, Taleb’s message is revolutionary: The antifragile, and only the antifragile, will make it. Praise for Antifragile “Ambitious and thought-provoking . . . highly entertaining.”—The Economist “A bold book explaining how and why we should embrace uncertainty, randomness, and error . . . It may just change our lives.”—Newsweek