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Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars Summary

Ant Hive Media
4.9/5 (26150 ratings)
Description:This is a Summary of Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars 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. The book is a winner of a 2014 Axiom Business Book award gold medal. It 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. Available in a variety of formats, this summary is aimed for those who want to capture the gist of the book but don't have the current time to devour all 192 pages. You get the main summary along with all of the benefits and lessons the actual book has to offer. This summary is not intended to be used without reference to the original book.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars Summary. To get started finding Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars Summary, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
30
Format
PDF, EPUB & Kindle Edition
Publisher
Createspace Independent Publishing Platform
Release
2016
ISBN
1532906986

Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars Summary

Ant Hive Media
4.4/5 (1290744 ratings)
Description: This is a Summary of Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars 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. The book is a winner of a 2014 Axiom Business Book award gold medal. It 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. Available in a variety of formats, this summary is aimed for those who want to capture the gist of the book but don't have the current time to devour all 192 pages. You get the main summary along with all of the benefits and lessons the actual book has to offer. This summary is not intended to be used without reference to the original book.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars Summary. To get started finding Jim Paul and Brendan Moynihan's What I Learned Losing a Million Dollars Summary, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
30
Format
PDF, EPUB & Kindle Edition
Publisher
Createspace Independent Publishing Platform
Release
2016
ISBN
1532906986
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