Category: Book Review
Book reviews
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Betting on price momentum
“Don’t fight the tape.” “Make the trend your friend.” “Cut your losses and let your winners run.” “These Wall Street maxims all mean the same thing—bet on price momentum. Of all the beliefs on Wall… Read More
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The Mistake is Not Taking the Loss: Cut Your Losses and Move on
One of the keys to managing investment risk is cutting losers before they become large losses. Many people have difficulty selling at a loss because they believe it’s admitting a mistake. The mistake isn’t taking… Read More
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Markets don’t always react the way investors expect, so I focus on what is actually happening
I noted the below question and answer between Jack Schwager and Ray Dalio in Jack’s book “Hedge Fund Market Wizards: How Winning Traders Win” (2012). Ray Dalio is the founder of Bridgewater, the largest hedge… Read More
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The Little Book of Hedge Funds by Anthony Scaramucci
I read The Little Book of Hedge Funds over a weekend. It’s an easy read and an excellent choice if you want to get a good overall understanding of hedge funds and the general industry… Read More

