Inside the Mind of the Turtles: How the World's Best Traders Master Risk
Take control of risk . . . before it takes control of youDon't like uncertainty? Doubt makes you nervous? Most people are averse to it, but risk is unavoidable to the serious investor. In this groundbreaking book, Curtis Faith helps you not only form a truce with risk, but actually make it your ally.One of Chicago's famed Turtle traders, Faith credits his group's unprecedented trading success with its mastery over the psychology of risk. InInside the Mind of the Turtles, he explains how to view risk as an asset-and invest accordingly. Covering his own techniques, plus those of other traders, speculators, hedge-fund billionaires, and venture capitalists, Faith teaches you the seven rules for mastering risk:Overcome fearRemain flexibleTake reasoned risksPrepare to be wrongFocus on market realitiesRespond to change quickly and decisivelyConcentrate on decisions, not outcomesOnly those who can control their fear of risk will move forward in the investing world. This has never been truer than it is in today's topsy-turvy global economy. ReadInside the Mind of the Turtlesand never again hide inside your shell in the face of risk.