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MyFxBook Final Forum Ruling

Okay. We have determined that a member may post a myfxbook.com link if it is to provide information about a specific indicator, system or ea. Provided that the name and ownership is valid. However, Any member requesting the share of this www.myfxbook.xxx and they merely have seen it on the myfxbook site. The post will be deleted no discussion. So, Sorry for the delay but we had to make a final decision and we needed to explore all avenues.
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Professor John M. Lo {Art of Investing: Lessons from History's Greatest Traders}

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  • (Share) Professor John M. Lo {Art of Investing: Lessons from History's Greatest Traders}

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    The Art of Investing: Lessons from History’s Greatest Traders

    [TTC Audio]+pdf

    Great investors like Warren Buffett and Ray Dalio will tell you they're no geniuses; they're simply observant, open-minded, and industrious. Using these key traits, the world's most outstanding traders have employed a remarkable mix of strategies to build huge fortunes. Their careers are a how-to manual for anyone who wants to succeed at investing, no matter what the size of their stake. The lives of rich and famous investors are gripping tales of opportunities seized and squandered; of billions won and lost, and won again. And these life stories are also an eye-opening education in the workings of financial markets.

    The Art of Investing: Lessons from History's Greatest Traders profiles over 30 men and women at the pinnacle of the investing field, including Warren Buffett, Ray Dalio, John Bogle, Peter Lynch, George Soros, T. Rowe Price, Jr., Linda Bradford Raschke, David Dreman, Michael Burry, and others involved in such ventures as value stocks, growth stocks, mutual funds, index funds, hedge funds, commodity futures, private equity, sovereign wealth, distressed assets, and more. Each lecture covers one of these approaches, together with traders who have made it pay handsomely - along with insights on how they did it.

    An award-winning teacher and the portfolio manager for a $2.5-billion investment firm, Professor John Longo of Rutgers Business School tells these intriguing life stories with an insider's grasp of the financial details. Included in these 24 half-hour lectures are tips on the most common mistakes made by investors, scores of pithy sayings that synthesize the hard-won wisdom of veteran traders, and, in the final lecture, an investment checklist that lets you narrow down your own best approach to building personal wealth.

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    Personality and Trading Systems:
    The idea that using a methodology that suits your personality is an essential component of trading success also helps explain why most people lose money using trading systems they bought. Why is that true? Is it because most trading systems don’t work on data not used in their development? I am not implying that.Actually, I have no idea what percentage of trading systems sold to the public provide a market edge. But even if I assumed that more than 50 percent of the systems sold would be profitable if applied as instructed, I would still expect over 90 percent of the buyers of those systems to lose money trading them.
    Why? Because every trading system, regardless of the strategy employed, is going to hit periods when it does poorly. Now, if you buy a system, by definition, it has nothing to do with your personality or beliefs.In many, if not most, cases, you won’t even have any idea what drives the system’s signals. Consequently,the first time the system hits a bad period, you are not going to have the confidence to stay with the system,and you will stop trading it. That is why, invariably, most people who buy systems will end up losing:
    They will stop using the system when it goes through a bad period, and they won’t be there when the system recovers.


    Lessons from the Greatest Traders
    Book by Jack D. Schwager

  • #2
    Thanks.
    If possible can somebody please put it in send space or 4shared

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    • #3
      Read the pdf file.

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