Market Sense and Nonsense (ePub)

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