what i learned losing a million dollars columbia business school publishing

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What I Learned Losing A Million Dollars

Author : Jim Paul
ISBN : 9780231164689
Genre : Business & Economics
File Size : 39. 74 MB
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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.

What I Learned Losing A Million Dollars

Author : Jim Paul
ISBN : 9780231535236
Genre : Biography & Autobiography
File Size : 53. 14 MB
Format : PDF, ePub, Docs
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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 moment of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led up to Paul’s disastrous decision and examine the psychological factors behind bad financial practices in a number of economic sectors. The book 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, there are very few ways to produce a loss. People 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 when the first fails. Paul and Moynihan’s cautionary tale concludes with strategies for avoiding loss, tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

What I Learned Losing A Million Dollars

Author : Jim Paul
ISBN : 0963579495
Genre : Commodity exchanges.
File Size : 64. 33 MB
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Presents a serious psychological analysis of a trader Explains the three biggest mistakes made by traders investors, how to avoid them, which pattern all losses take, and why the most important factor in trading successfully is not losing.

Investing

Author : Robert Hagstrom
ISBN : 9780231160100
Genre : Business & Economics
File Size : 24. 43 MB
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In this updated second edition, well-known investment author Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature.

Trading On Expectations

Author : Brendan Moynihan
ISBN : 0471177822
Genre : Business & Economics
File Size : 90. 6 MB
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Designed to prepare candidates for the American Board of Health Physics Comprehensive examination (Part I) and other certification examinations, this monograph introduces professionals in the field to radiation protection principles and their practical application in routine and emergency situations. It features more than 650 worked examples illustrating concepts under discussion along with in–depth coverage of sources of radiation, standards and regulations, biological effects of ionizing radiation, instrumentation, external and internal dosimetry, counting statistics, monitoring and interpretations, operational health physics, transportation and waste, nuclear emergencies, and more. Reflecting for the first time the true scope of health physics at an introductory level, Basic Health Physics: Problems and Solutions gives readers the tools to properly evaluate challenging situations in all areas of radiation protection, including the medical, university, power reactor, fuel cycle, research reactor, environmental, non–ionizing radiation, and accelerator health physics.

Twelve Against The Gods

Author : William Bolitho
ISBN : 9781635765045
Genre : History
File Size : 35. 24 MB
Format : PDF, ePub
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"It's really quite good." - Elon Musk Twelve Against the Gods was an instant bestseller when it first published in 1929. In his trademark journalist style, author William Bolitho details the lives of twelve great adventurers—Alexander the Great, Casanova, Christopher Columbus, Mahomet, Lola Montez, Cagliostro (and Seraphina), Charles XII of Sweden, Napoleon I, Lucius Sergius Catiline, Napoleon III, Isadora Duncan, and Woodrow Wilson. Bolitho shines light on both the struggles and successes that made these figures so iconic, and demonstrates how they all battled convention and conformity to achieve enduring fame and notoriety. “We are born adventurers,” Bolitho writes, “and the love of adventures never leaves us till we are very old; old, timid men, in whose interest it is that adventure should quite die out. This is why all the poets are on one side, and all the laws on the other; for laws are made by, and usually for, old men." Though his essays are nearly one hundred years old, they encompass the timeless values of perseverance, bravery, and strength of spirit that have proven to resonate with the pioneers and thought leaders of today.

Class Clowns

Author : Jonathan A. Knee
ISBN : 9780231543330
Genre : Business & Economics
File Size : 36. 73 MB
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The past thirty years have seen dozens of otherwise successful investors try to improve education through the application of market principles. They have funneled billions of dollars into alternative schools, online education, and textbook publishing, and they have, with surprising regularity, lost their shirts. In Class Clowns, professor and investment banker Jonathan A. Knee dissects what drives investors' efforts to improve education and why they consistently fail. Knee takes readers inside four spectacular financial failures in education: Rupert Murdoch's billion-dollar effort to reshape elementary education through technology; the unhappy investors—including hedge fund titan John Paulson—who lost billions in textbook publisher Houghton Mifflin; the abandonment of Knowledge Universe, Michael Milken's twenty-year mission to revolutionize the global education industry; and a look at Chris Whittle, founder of EdisonLearning and a pioneer of large-scale transformational educational ventures, who continues to attract investment despite decades of financial and operational disappointment. Although deep belief in the curative powers of the market drove these initiatives, it was the investors' failure to appreciate market structure that doomed them. Knee asks: What makes a good education business? By contrasting rare successes, he finds a dozen broad lessons at the heart of these cautionary case studies. Class Clowns offers an important guide for public policy makers and guardrails for future investors, as well as an intelligent exposé for activists and teachers frustrated with the repeated underperformance of these attempts to shake up education.

Laughing Gas Viagra And Lipitor

Author : Jie Jack Li
ISBN : 9780195300994
Genre : Medical
File Size : 32. 18 MB
Format : PDF
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This is a book on the history of drug discovery that highlights the intellectual splendor of discoverers as well as the human frailty associated with them.

A Perfect Mess

Author : Eric Abrahamson
ISBN : 9780759516496
Genre : Self-Help
File Size : 85. 21 MB
Format : PDF, ePub, Docs
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Ever since Einstein's study of Brownian Motion, scientists have understood that a little disorder can actually make systems more effective. But most people still shun disorder-or suffer guilt over the mess they can't avoid. No longer!With a spectacular array of true stories and case studies of the hidden benefits of mess,A Perfect Mess overturns the accepted wisdom that tight schedules, organization, neatness, and consistency are the keys to success. Drawing on examples from business, parenting, cooking, the war on terrorism, retail, and even the meteoric career of Arnold Schwarzenegger, coauthors Abrahmson and Freedman demonstrate that moderately messy systems use resources more efficiently, yield better solutions, and are harder to break than neat ones.Applying this idea on scales both large (government, society) and small (desktops, garages), A Perfect Mess uncovers all the ways messiness can trump neatness, and will help you assess the right amount of disorder for any system. Whether it's your company's management plan or your hallway closet that bedevils you, this book will show you why to say yes to mess.

Measure Of My Days

Author : Florida Scott-Maxwell
ISBN : 9780307828347
Genre : Biography & Autobiography
File Size : 44. 13 MB
Format : PDF, ePub
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At eighty-two, Florida Scott-Maxwell felt impelled to write about her strong reactions to being old, and to the time in which we live. Until almost the end this document was not intended for anyone to see, but the author finally decided that she wanted her thoughts and feelings to reach others. Mrs. Scott-Maxwell writes: “I was astonished to find how intensely one lives in one’s eighties. The last years seemed a culmination and by concentrating on them one became more truly oneself. Though old, I felt full of potential life. It pulsed in me even as I was conscious of shrinking into a final form which it was my task and stimulus to complete.” The territory of the old is not Scott-Maxwell’s only concern. In taking the measure of the sum of her days as a woman of the twentieth century, she confronts some of the most disturbing conflicts of human nature—the need for differentiation as against equality, the recognition of the evil forces in our nature—and her insights are challenging and illuminating. The vision that emerges from her accumulated experience of life makes this a remarkable document that speaks to all ages.

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