#7003
Mentioned in 4 episodes
What I learned losing a million dollars
Book • 1994
This book, winner of a 2014 Axiom Business Book award gold medal, recounts Jim Paul's meteoric rise and subsequent fall from his position as governor of the Chicago Mercantile Exchange.
Paul and Brendan Moynihan analyze the events leading to Paul's $1.
6 million loss, highlighting the psychological barriers and errors in analysis that contribute to financial losses.
The book emphasizes that while there are many ways to make money in the markets, losses often stem from a few common sources.
It provides strategies for avoiding these losses through a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.
Paul and Brendan Moynihan analyze the events leading to Paul's $1.
6 million loss, highlighting the psychological barriers and errors in analysis that contribute to financial losses.
The book emphasizes that while there are many ways to make money in the markets, losses often stem from a few common sources.
It provides strategies for avoiding these losses through a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.
Mentioned by
Mentioned in 4 episodes
Mentioned by 
Jay Papasan
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494. The Path of Money (Wealth Series Part 1)
Recommended by 
Ben Carlson
12 snips
Beating Inflation, Alternative Assets, and Simplifying Your Finances with Ben Carlson
Mentioned by 
Ryan Holiday
It Was Terribly Unfair…Yet | Ask Daily Stoic
Mentioned for its insights on how luck is often mistaken for skill in investment returns.
Mid-length Non-fiction Book Reviews: Volume 3
