Если вы хотите стать успешным инвестором, вы должны знать в лицо своих внутренних врагов: сомнение, панику, страх, нетерпение, желание копировать других, жадность, гнев. Не сумев справиться или договориться с ними, вы обязательно проиграете и потеряете деньги. Эмоции заложены в нас природой, но человек отличается от животного тем, что умеет их обуздать. Опытный инвестиционный консультант и блестящий визуализатор Карл Ричардс помогает найти ответы на важные вопросы: как не терять самообладания; как правильно распределять активы и энергию – где сэкономить, а куда вложить как можно больше. Из его книги вы узнаете, как избегать ловушек, поджидающих новичков и профессионалов; осознаете, достижима ли желаемая цель; сможете улучшить и упростить свои отношения с финансами. Большинство советов автор иллюстрирует набросками «на салфетках». Эти простые, понятные и прекрасно запоминающиеся схемки отлично помогают усвоить сложные финансовые концепции – недаром они снискали их автору любовь сотен тысяч читателей его книг, блога и еженедельной колонки Sketch Guy в The New York Times.
Если вы хотите стать успешным инвестором, вы должны знать в лицо своих внутренних врагов: сомнение, панику, страх, нетерпение, желание копировать других, жадность, гнев. Не сумев справиться или договориться с ними, вы обязательно проиграете и потеряете деньги. Эмоции заложены в нас природой, но человек отличается от животного тем, что умеет их обуздать. Опытный инвестиционный консультант Карл Ричардс помогает найти ответы на важные вопросы: как не терять самообладания; как правильно распределять активы и энергию – где сэкономить, а куда вложить как можно больше. Из этой аудиокниги вы узнаете, как избегать ловушек, поджидающих новичков и профессионалов; осознаете, достижима ли желаемая цель; сможете улучшить и упростить свои отношения с финансами. Стиль автора снискал ему симпатию сотен тысяч читателей его книг, блога и еженедельной колонки Sketch Guy в The New York Times.
Discover how to maximize the effectiveness of your trading techniques by applying the right money management techniques Money management is a central element of trading the financial markets, especially in uncertain times. Yet investors often misinterpret the central concepts of money management. To manage risk and obtain optimal rewards from your trades, you will benefit from a deeper understanding of how the professionals manage money. The Successful Trader’s Guide to Money Management describes the operating methods that seasoned investors use. With this book, you’ll avoid the common mistake of focusing too much on entry levels and stop-losses, and you’ll learn to consider the impact of proper money management on your final portfolio results. Successful traders focus on risk management, avoiding opening positions that are too large with respect to the total capital they have available. Packed with practical examples and with special focus on money management or position-sizing, The Successful Trader's Guide to Money Management offers a comprehensive coverage of widely practiced risk management models, examining their strengths and weaknesses. You will learn how to use the most effective operating models, including the Fixed Fractional, Fixed Ratio, and Percent Volatility models. This book also provides a thorough analysis of portfolio management models. These essential tips will nudge you toward a more winning position as you enter your next trades. Learn how the professionals manage money and avoid common trading mistakes Design a trading system that minimizes risk and maximizes reward through correct position sizing Understand the most important money and portfolio management models, including Fixed Ratio, Percent Volatility, Fixed Fractional, and more Equip yourself to trade smarter, individually or with a broker, on equity, derivatives and Forex markets For individual and institutional investors alike, this book is a ticket to more solid trading strategy, especially in uncertain times.
Shaxson is a highly regarded expert on international finance who has written for publications including Vanity Fair , the Economist , and the Financial Times . His work on tax havens gained international attention in the wake of the Panama and Paradise Papers as Shaxson was one of few journalists who had written extensively on the subject before these scandals and had warned of the huge scale of this issue. In 2012, the International Tax Review named him as one of the “Global Tax 50” most influential people in international tax. The Finance Curse is a shocking and important book—controversially, Shaxson argues that the financial sector, which makes mind-boggling profits at the expense of businesses, their employees, and the tax payer, is a net negative for the economy. Shaxson’s thesis is attention-grabbing: he argues the idea that countries and states must give tax breaks and other financial incentives to banks and big business in the name of “competitivity,” to avoid them fleeing for more accommodating climes, is a falsehood. Shaxson also discusses the brain drain to finance that Western democracies suffer—young men and women who could be contributing in business or the public sector are drawn to an industry that produces little good for the business world at large. These themes and the many other talking points in the book are sure to get him attention in print media and radio. The Finance Curse grounds its argument historically, showing how we got to the point where the banks and big business determine our tax code and much of our corporate policy. Shaxson reminds us that it wasn't always like this and shows us how through regulation and rebalancing of political priorities we might be able to shift the power back towards businesses that are engaged in society and produce something towards the public good, as well as the public sector. Shaxson’s book uses stories from the great rise of the banks in the twentieth century to strengthen his argument. He also talks about the little-known history of some of the first purely speculative financial instruments, the so-called Eurobonds which were first issued in 1963 and proved resistant to regulation. As we enter a time of low unemployment, increased deregulation, and record highs in the financial indices, it is important to keep a keen eye on the workings on the financial world, as well as on questions of wealth redistribution and the future of American business. Shaxson’s books is a timely look at all of these subjects. For fans of Michael Lewis, Daniel Kahneman, Niall Ferguson, and Paul Krugman.
A practical and pithy guide to investing to help everyday investors achieve their long-term goals The 21st century has been beset with three financial market shocks in its first 20 years, the bursting of the Tech Bubble in 2000-2002; the Global Financial Crisis of 2008-09; and 2020 COVID-19 crash. Given this backdrop, it is no wonder that investing can appear to be so daunting to individual investors. As Chairman and CEO of Vanguard, one of the largest and most respected investment management companies in the world, Jack Brennan has spent his career helping people invest their money. In the newly updated More Straight Talk on Investing , he shares with you the lessons he has learned over his over four decades at Vanguard from a variety of market participants—from Main Street investors and 401(k) plan holders to veteran portfolio managers at the helm of Vanguard funds and sophisticated investment professionals overseeing top endowments and foundations. This a comprehensive, but approachable book will help you develop the knowledge, confidence, and discipline to navigate the financial markets and attain investment success over the long term. While the financial planning and investing principles covered are timeless, a considerable amount has changed in the nearly 20 years since the first edition, including new products and services, lower costs, and ever-evolving regulation and legislation. An entire generation of investors has come of age over the past two decades and could benefit from understanding that sound and sensible investing is an effective way to achieve financial security. This book will assist your manage your “serious” money—the dollars that you set aside for long-term goals, such as retirement or the education of your children. The book also emphasizes the concept of thinking of yourself as a “financial entrepreneur”—managing your financial life like owner manages a business. In a straightforward, plain talk manner, the book demonstrates how to: Build a balanced, diversified portfolio that meets your needs and goals Evaluate mutual funds and ETFs with a discerning eye Adhere to a long-term, disciplined approach to investing Control your emotions and tune out the incessant “noise” in the media Understand the risks and rewards of financial markets Develop a prudent plan and investment policy statement to guide your path forward Avoid the pitfalls and mistakes that can derail your investment program With wit and wisdom, Brennan relays anecdotes and observations that demonstrate the enduring investment precepts that will serve as a guide to novice investors and as a practical refresher for seasoned investors. He has also added three new chapters focusing on evaluating advice options, garnering lessons from endowments, and dealing with the challenges of a low interest rate environment.
Become a more strategic and successful investor by identifying the biases impacting your decision making. In Behavioral Finance and Your Portfolio , acclaimed investment advisor and author Michael M. Pompian delivers an insightful and thorough guide to countering the negative effect of cognitive and behavioral biases on your financial decisions. You’ll learn about the “Big Five” behavioral biases and how they’re reducing your returns and leading to unwanted and unnecessary costs in your portfolio. Designed for investors who are serious about maximizing their gains, in this book you’ll discover how to: ● Take control of your decision-making—even when challenging markets push greed and fear to intolerable levels ● Reflect on how to make investment decisions using data-backed and substantiated information instead of emotion and bias ● Counter deep-seated biases like loss aversion, hindsight and overconfidence with self-awareness and hard facts ● Identify your personal investment psychology profile, which you can use to inform your future financial decision making Behavioral Finance and Your Portfolio was created for individual investors, but will also earn a place in the libraries of financial advisors, planners and portfolio managers who are determined to counteract the less principled and data-driven aspects of their decision making.