Inside the Mind of the Turtles: How the World's Best Traders Master Risk: How the World's Best…

Hardcover | April 15, 2009

byCurtis Faith

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“I like risk. I embrace risk.” -Turtle trader Curtis Faith

Risk is scary, to be sure, but it's a fundamental aspect of the investing world. Without it, profit would not exist. The trick is to accept, anticipate, manage, and mitigate risk. In other words, master it.

In Way of the Turtle, Curtis Faith revealed the extraordinarily successful trading system of the now-famous group of investors known as the Turtles. Now, in this highly anticipated follow up to that bestseller, Faith delves deeply into the risk-mastery strategies that made the Turtles the envy of the investing world.

Inside the Mind of the Turtles provides expert insight into how great traders combat the natural but counterproductive response to risk. Faith begins by examining the nature of risk and the human being's natural response to it. Then he outlines proven techniques for seizing control of it. You will learn how to:

  • Set your main focus on acquiring gains--not avoiding losses
  • Place equal importance on assets already spent and those still on hand
  • Judge the quality of decisions based on their inception rather than their outcome
  • Avoid drawing conclusions using too little information

    You'll find valuable advice not only from Faith, but from some of the greatest financial minds on the scene today, including fellow Turtle Jerry Parker, venture capitalist Simon Olson, and Howard Lindzon, founder of the popular Web site, "WallStrip." Use their collective advice, and you'll find yourself approaching risk in ways you never dreamed possible.

    In today's economy, controlling your aversion to risk is not just prudent--it's an absolute necessity. Economic turbulence more often than not leads to poor investment decisions. Inside the Mind of the Turtles will help you conquer the fears that can cripple even the most experienced investors out there.

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From the Publisher

“I like risk. I embrace risk.” -Turtle trader Curtis Faith Risk is scary, to be sure, but it's a fundamental aspect of the investing world. Without it, profit would not exist. The trick is to accept, anticipate, manage, and mitigate risk. In other words, master it.In Way of the Turtle, Curtis Faith revealed the extraordinarily successf...

From the Jacket

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 trad...

Curtis Faith is the author of the bestselling Way of the Turtle. In his early twenties, Faith earned more than $30 million as a member of the Chicago trading group, the Turtles. He founded several software and high-tech startups, including a public company and an Inc. 500 firm.

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Format:HardcoverDimensions:240 pages, 9.3 × 6.3 × 0.83 inPublished:April 15, 2009Publisher:McGraw-Hill EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0071602437

ISBN - 13:9780071602433

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Extra Content

Table of Contents

PART I: Introducing the Masters of Risk

INTRODUCTION

  • Learning from the Risk Masters
  • Applying The Lessons of the Risk Masters
  • How the Masters of Risk Tame Their Savage Minds

    PART II: Learning from the Masters

    • Moving Beyond Fear
    • Prudent Risks and Stupid Risks
    • Failure is the Best Teacher
    • Doing the Right Thing
    • Risk Surfing

      PART II: Applying the Lessons from the Masters

      • Fearless Investing: Stocks and Mutual Fund
      • Robust Real-estate Strategies Part III: Lessons for Life
      • Lessons for Life CHAPTER 12: Living the Life You Want
      • The Hardest Risk to Take
      • Mastering Our Savage Minds