Nobody Knows Anything

Robert Moriarty

ISBN 10: 0692852980 / ISBN 13: 9780692852989

Edité par Robert J Moriarty, 2017

A propos de cet article

N° de réf. du vendeur LU-9780692852989

Détails bibliographiques

• Titre: Nobody Knows Anything
• Éditeur: Robert J Moriarty
• Date de parution: 2017
• Langue: anglais
• ISBN à 10 chiffres: 0692852980
• ISBN à 13 chiffres: 9780692852989
• Reliure: Paperback
• État de l'article: New
• Poids: 154 grammes

A propos de ce titre

Synopsis

"Nobody knows anything ... Not one person in the entire motion picture field knows for a certainty what's going to work. Every time out it's a guess and, if you're lucky, an educated one."

―William Goldman, Adventures in the Screen Trade

As the ongoing worldwide revolution demonstrated by Brexit, the Trump election, the Italian and French elections show, there are no experts; no gurus; only fools pretending to be gurus and experts. These fake experts lead both novice and experienced investors down a primrose path leading to constant losses and despair.

In Nobody Knows Anything Moriarty begins by giving the reader excerpts from the 170 year old classic book on human behavior titled Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay. It's vital that new investors understand that crowd behavior is more important than investment fundamentals or technical analysis. If an investor knows what the mob is doing and understands the mob is always wrong, he or she can profit by doing the opposite.

Other chapters discuss when an investor should sell an investment, why it's vital to understand the bias and agenda of a source and how the concept of deviation and regression to the mean can provide helpful investments tips. In short this book may not make an investor rich but it might prevent him from becoming poor.

À propos de l?auteur

Robert Moriarty became a fighter pilot in the Marine Corps at the age of 20 and went on to fly over 800 missions in Vietnam. He went to college after he left the service before beginning a short but boring career in computers. He then became a ferry pilot, taking 240 small planes from the US overseas over a fifteen year period. He and his wife started one of the first internet computer sales websites in the mid-1990s. In 2001 he began a website to give investors interested in resource shares an education about various companies and the economy in general. After fifteen years of running the website and fielding many similar questions he resolved to write a book detailing what he had learned in 45 years of investing and what an investor needed to know about what not to do.