{"product_id":"market-sense-and-nonsense-9781118494561","title":"Market Sense and Nonsense","description":"\u003cp\u003e\u003cb\u003eBestselling author, Jack Schwager, challenges the assumptions at the core of investment theory and practice and exposes common investor mistakes, missteps, myths, and misreads\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhen 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 \u003ci\u003eMarket Wizards\u003c\/i\u003e and \u003ci\u003eThe New Market Wizards\u003c\/i\u003e, 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eA compilation of the most insidious, fundamental investment errors the author has observed over his long and distinguished career in the markets\u003c\/li\u003e \u003cli\u003eBrings to light the fallacies underlying many widely held academic precepts, professional money management methodologies, and investment behaviors\u003c\/li\u003e \u003cli\u003eA 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\u003c\/li\u003e \u003cli\u003eSpans both traditional and alternative investment classes, covering both basic and advanced topics\u003c\/li\u003e \u003cli\u003eAs in his best-selling \u003ci\u003eMarket Wizard\u003c\/i\u003e 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\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eJACK D. SCHWAGER\u003c\/b\u003e is a recognized industry expert on futures and hedge funds and the author of the widely acclaimed \u003ci\u003eMarket Wizards\u003c\/i\u003e and \u003ci\u003eSchwager on Futures\u003c\/i\u003e book series. He is currently the co-portfolio manager for the ADM Investor Services Diversified Strategies Fund, a portfolio of futures and FX managed accounts. He is also an advisor to Marketopper, an India-based quantitative trading firm. Previously, Mr. Schwager was a partner in the Fortune Group, a London-based hedge fund advisory firm, which specialized in creating customized hedge fund portfolios for institutional clients, and also spent over twenty years as a director of futures research for some of Wall Street's leading firms.\u003cbr\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":50461875634450,"sku":"9781118494561","price":30.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_bf1d7876-f9d9-4e90-aa74-789348e07e9f.jpg?v=1730082695","url":"https:\/\/surprise-castle.myshopify.com\/products\/market-sense-and-nonsense-9781118494561","provider":"Surprise Castle","version":"1.0","type":"link"}