Description:
Review:
5.0 out of 5 stars You will read it more than once
This book is filled with gold. It is fun to read and you may not even notice how much valuable information you will find in each page. The axioms cover so many areas of human psychology and trading that you may only later realize what you have in your hands.It does not go into details about trading strategies, money management (apart from the basic but fundamental ones such as "cut your losses" and "realize your profits early") and position sizing. But this is not what this book is about. It is an eye opener with key fundamental ideas and principles that you will soon or later find more than essential.Two of the many fundamental principles stated there that many people ignore - and many may not see their full value at first reading (or even later!):- do not diversify your capital allocated to risk investments if your goal is growth,- to invest is essentially to speculate.You will be more than excused to read about speculation when others think that you should be reading about investing. You will understand why.Yet it is not a perfect book. It gives no value to any kind of technical analysis or trading system. But it is so, because it does focus on a healthy scepticism - which is without doubt better than taking the opposite side! So its shortcomings are forgiven.Not often will you find this kind of information packed in a concise, straightforward and fun-to-read style. A great book! Highly recommended for just anyone.
5.0 out of 5 stars A guide to managing risk
Awesome insight into the world of speculation. I immediately felt at home inside the pages of this book. It is a must read for any investor and will equip one with the guidance needed to meet the challenges of not only how and when to speculate but how to mentally deal with the ups and downs of profits and losses.If there is a primer for the speculator this is it. I know I will consult it frequently.
4.0 out of 5 stars Interesting, but too repetitive
Too much personal opinions based on interesting facts - I felt like reading a loop of the same thing after every second paragraph in each subject. Despite of that, is a very interesting book.
5.0 out of 5 stars Outstanding book on investing
I have been a professional investor for about 15 years. If I had to choose only one book for my bookshelf, The Zurich Axioms would be it.Consider the puzzle of Switzerland. It's a rocky country, half the size of Maine. It has not one inch of seacoast, no oil, and a climate and topography that is inhospitable to farming. It has stayed out of wars for 300 years because no invader really wanted it. Yet the Swiss are among the most affluent people in the world. How? By being the world's cleverest investors and speculators.This book suggests that to make any kind of gain in life, you must place some of your material and/or emotional capital at risk. The Swiss conclude that the sensible way to conduct one's life is not to shun risk but to expose oneself to it deliberately. To make money you must bet, but not in a mindless way. To bet, instead, with care and in such a way that large gains are more likely than large losses.There are twelve major "axioms" or rules that guide investors to much better results. This book is a simple read with powerful rules. If you follow these guidelines, investing success will be much easier. But, of course, most people will let their emotions get in the way and let hope, greed, and stubbornness dominate. They will listen to "experts" make forecasts and make investments accordingly. And, as you can imagine, most investors will do very poorly.Buy this inexpensive book and take the axioms to heart. It will make you a much better investor.
3.0 out of 5 stars Some Axioms Insightful
I bought this book on the recommendation of Larry Williams, who claimed it was one of the few best books he'd ever read on investing.I have to say I was somewhat disappointed. What at first held my attention in a vice grip, slowly slackened as I progressed through this book.I found a few of the 12 axioms significantly insightful. I was able to learn some alternative ways of looking at my financial world. It was worth the read for those few axioms, but not entirely motivational or life-altering. This is a relatively basic book that tends to disprove or caution the against financial cliche's and being lulled into false security or poor investments. This is a book of what not to do. I suggest you read the chapters (axioms) that sound interesting to you. One nice benefit of this book is a concise paragraph or two summary at the end of the chapter of every major axiom. These will not take you long to read if read in succession.
5.0 out of 5 stars This book is the BOMB
I gave this book 5 stars because I can't mark 10!Was written in the 1980s and still ahead of its time today. If you are already familiar with some of the principles it vouches for it will fill in more details and enforce them. If not, it has the potential to shake your mind set's foundations and approach to risk taking and opportunity evaluation. Short and easy at just over 160 pages. Very well written and narrated, a pleasure to read. Can't recommend it enough. If I had to read just one book this year, this would be it.
5.0 out of 5 stars Hidden gem
When financial professionals are asked what one book would they like to have if they were stranded on a desert island " Reminiscences of a stock operator" is most often cited. While I enjoyed it and there is much wisdom tucked in it's pages it is a bit dated and I'm hard pressed to follow the rules of a man who took his own life. Perhaps he was not on to something.The Zurich Axioms on the other hand, speak to me as the truth laid bare, no matter whether society agrees or not.This may not be the most highly touted book, nor written by the hottest author, but it speaks with great wisdom.
4.0 out of 5 stars A must for a trader
This is a real easy book and refreshes a tired mind in trading. I recommend this book strongly for any trader. Max Gunther write very clearly. Anytime I seem to move away from rules of trading I pick up this book. Not only have I kept a copy next to my terminal at home and office but also have one copy on kindle.
Quite an amazing book.
Everyone at school and who likes reading should read this book. Quite an amazing book to read. I wish I had read this back when I started trading. I would have lost a lot less. Haha!
Imperdibili suggerimenti per investitori consapevoli
Zurich Axioms, scritto in un inglese semplice e accessibile a tutti, fornisce preziosi consigli a chi vuole investire sui mercati azionari. Attenzione, non espone una ricetta o una formula per guadagnare ma una serie di ben più utili massime di comportamento.In totale troviamo 12 assiomi principali, ciascuno poi con i propri corollari: sul Rischio, sull'Avidità, sulla Speranza, sulle Previsioni, sugli Schemi, sulla Mobilità, sull'Intuizione, sull'Occulto, sull'Ottimismo e Pessimismo, sul Consenso, sull'Ostinazione, sulla Pianificazione.Anche per chi segue e opera sui mercati da molti anni, e di esperienza (errori, perdite) ne ha fatta, è sempre utile che qualcuno gli ricordi che l'avidità è sbagliata e il profitto quando c'è va incassato (eh già... secondo assioma), che la diversificazione aumenta il numero di decisioni difficili e dunque è meglio avere solo due o tre posizioni aperte alla volta (proprio così...), che rischiare vuol dire essere costantemente preoccupati (ah quindi è normale... primo assioma), che tagliare le perdite quando sono ancora piccole è salutare se si evitano i bagni di sangue ("quando la barca inzia ad affondare non pregare, scappa!", ma quanto è difficile.... terzo assioma).Altre "verità" possono essere scontate o banali, ma magari non per tutti. Ad esempio per chi crede fermamente nelle superiori capacità previsionali degli esperti, o si affida in toto all'analisi tecnica, o non ha il coraggio di sconfessare le proprie scelte di investimento fatte in passato o addirittura prende decisioni in base a sogni o a superstizioni (!!).Insomma, ognuno con la propria esperienza avrà fatto suo uno o più assiomi e troverà conferma che la proprie conclusioni sono condivise. In più potrà riconoscersi in uno dei comportamenti che stanno alla base di altri assiomi e capire se e come migliorare.Quello che non viene detto, ed è apprezzabile l'onestà, è come fare per vincere sui mercati.Il messaggio è che senza un set di regole ed una disciplina, non si fa altro che affidarsi alla fortuna.Il libro è del 1985, a conferma che i mercati potranno essere anche più sofisticati e tecnologici ma i protagonisti sono sempre persone e dunque certe cose sono sempre valide.
Wenn das jeder lesen würde, ...
... gäbe es weniger Gewinne an der Börse - einfach, weil weniger Leute einzahlen würden. Der Autor schreibt für meinen Geschmack ein bisschen sehr annektotisch, die Aussagen selbst sind aber wahrhaft axiomatisch. Dabei provozieren sie in gewissem Umfang, z.B. mit der Ausage, dass man immer zu früh aus einer Positionen aussteigen sollte, was meiner bisherigen Überzeugung des "Gewinne laufen lassen" widerspricht. Bei näherer Betrachtung aber erkennt man, dass hinter diesem Axiom das Streben nach absoluter Risikokontrolle steht. Diese absolute Kontrolle ist zwar nicht erreichbar, aber das Streben danach sichert Gewinne und hält Verluste relativ und absolut klein. Die 12 Axiome singen ein Lied auf das EIngehen von Risiken ebenso wie auf deren Kontrolle. Sie zeigen auf das Risiko-Management als das Kernstück, als den eigentlichen "Heiligen Gral" des Erfolgs als Händler. Darin liegt ihr unschätzbarer Wert.
One of the best investing books
The book challenges all current investing tropes and cliches and provides well thought out arguments.Definitely will integrate some of the ideas here in my future investing journey.Night recommend that everyone from any walk of life and at any stage in life to read this book.
素晴らしい
The Zurich Axioms][[ASIN:0285630954 The Zurich Axioms素晴らしい本です。Uncertainty(我々に知りえないこと)、Anarchy(Ruleそのものがない、それゆえ予測不能である状態)に対してどう対処するか？を主に心理面から説明した本と受け取っています。未来予測の限界についてならさらに論理的、合理的に説明した本があると思います。が、決定主体の我々が心理的な存在であることは逃れられない以上、心理的に自分自身をよい条件に維持することは大いに有効です。単純であるとか、体系性がないとか、説明が不十分と受け取る読者もいるかもしれません。が、我々が相手にしているのが、UncertaintyやAnarchyであるならそれこそ最高の対応であるかも知れないではありませんか？心理的に勝てるということは、言うまでもなく明確なAdvantageです。
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The Zurich Axioms (Harriman Classics): The rules of risk and reward used by generations of Swiss bankers
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Visit the Harriman House Store
The Zurich Axioms (Harriman Classics): The rules of risk and reward used by generations of Swiss bankers
AED16571
Quantity:
Order today to get by
Free delivery on orders over AED 200
Imported From: United States
At bolo.ae, we stand behind the authenticity and quality of every product we sell. We guarantee that all items offered on our website are 100% genuine, sourced directly from authorized distributors, trusted partners, or the original brands themselves.
We do not sell counterfeit, replica, or unauthorized goods. Each product undergoes thorough inspection and verification at our consolidation and fulfilment centers to ensure it meets our strict authenticity and quality standards before being shipped and delivered to you.
If you ever have concerns regarding the authenticity of a product purchased from us, please contact Bolo Support . We will review your inquiry promptly and, if necessary, provide documentation verifying authenticity or offer a suitable resolution.
Your trust is our top priority, and we are committed to maintaining transparency and integrity in every transaction.
All product information, including images, descriptions, and reviews, is provided by third-party vendors. bolo.ae is not responsible for any claims, promotions, or representations made within product content or images. For more accurate or detailed product information, please contact the manufacturer directly or reach out to Bolo Support.
Unless otherwise stated during checkout, all prices displayed on the product page include applicable taxes and import duties.
bolo.ae operates in accordance with the laws and regulations of United Arab Emirates. Any items found to be restricted or prohibited for sale within the UAE will be cancelled prior to shipment. We take proactive measures to ensure that only products permitted for sale in United Arab Emirates are listed on our website.
All items are shipped by air, and any products classified as “Dangerous Goods (DG)” under IATA regulations will be removed from the order and cancelled.
All orders are processed manually, and we make every effort to process them promptly once confirmed. Products cancelled due to the above reasons will be permanently removed from listings across the website.
Description:
Review:
5.0 out of 5 stars You will read it more than once
This book is filled with gold. It is fun to read and you may not even notice how much valuable information you will find in each page. The axioms cover so many areas of human psychology and trading that you may only later realize what you have in your hands.It does not go into details about trading strategies, money management (apart from the basic but fundamental ones such as "cut your losses" and "realize your profits early") and position sizing. But this is not what this book is about. It is an eye opener with key fundamental ideas and principles that you will soon or later find more than essential.Two of the many fundamental principles stated there that many people ignore - and many may not see their full value at first reading (or even later!):- do not diversify your capital allocated to risk investments if your goal is growth,- to invest is essentially to speculate.You will be more than excused to read about speculation when others think that you should be reading about investing. You will understand why.Yet it is not a perfect book. It gives no value to any kind of technical analysis or trading system. But it is so, because it does focus on a healthy scepticism - which is without doubt better than taking the opposite side! So its shortcomings are forgiven.Not often will you find this kind of information packed in a concise, straightforward and fun-to-read style. A great book! Highly recommended for just anyone.
5.0 out of 5 stars A guide to managing risk
Awesome insight into the world of speculation. I immediately felt at home inside the pages of this book. It is a must read for any investor and will equip one with the guidance needed to meet the challenges of not only how and when to speculate but how to mentally deal with the ups and downs of profits and losses.If there is a primer for the speculator this is it. I know I will consult it frequently.
4.0 out of 5 stars Interesting, but too repetitive
Too much personal opinions based on interesting facts - I felt like reading a loop of the same thing after every second paragraph in each subject. Despite of that, is a very interesting book.
5.0 out of 5 stars Outstanding book on investing
I have been a professional investor for about 15 years. If I had to choose only one book for my bookshelf, The Zurich Axioms would be it.Consider the puzzle of Switzerland. It's a rocky country, half the size of Maine. It has not one inch of seacoast, no oil, and a climate and topography that is inhospitable to farming. It has stayed out of wars for 300 years because no invader really wanted it. Yet the Swiss are among the most affluent people in the world. How? By being the world's cleverest investors and speculators.This book suggests that to make any kind of gain in life, you must place some of your material and/or emotional capital at risk. The Swiss conclude that the sensible way to conduct one's life is not to shun risk but to expose oneself to it deliberately. To make money you must bet, but not in a mindless way. To bet, instead, with care and in such a way that large gains are more likely than large losses.There are twelve major "axioms" or rules that guide investors to much better results. This book is a simple read with powerful rules. If you follow these guidelines, investing success will be much easier. But, of course, most people will let their emotions get in the way and let hope, greed, and stubbornness dominate. They will listen to "experts" make forecasts and make investments accordingly. And, as you can imagine, most investors will do very poorly.Buy this inexpensive book and take the axioms to heart. It will make you a much better investor.
3.0 out of 5 stars Some Axioms Insightful
I bought this book on the recommendation of Larry Williams, who claimed it was one of the few best books he'd ever read on investing.I have to say I was somewhat disappointed. What at first held my attention in a vice grip, slowly slackened as I progressed through this book.I found a few of the 12 axioms significantly insightful. I was able to learn some alternative ways of looking at my financial world. It was worth the read for those few axioms, but not entirely motivational or life-altering. This is a relatively basic book that tends to disprove or caution the against financial cliche's and being lulled into false security or poor investments. This is a book of what not to do. I suggest you read the chapters (axioms) that sound interesting to you. One nice benefit of this book is a concise paragraph or two summary at the end of the chapter of every major axiom. These will not take you long to read if read in succession.
5.0 out of 5 stars This book is the BOMB
I gave this book 5 stars because I can't mark 10!Was written in the 1980s and still ahead of its time today. If you are already familiar with some of the principles it vouches for it will fill in more details and enforce them. If not, it has the potential to shake your mind set's foundations and approach to risk taking and opportunity evaluation. Short and easy at just over 160 pages. Very well written and narrated, a pleasure to read. Can't recommend it enough. If I had to read just one book this year, this would be it.
5.0 out of 5 stars Hidden gem
When financial professionals are asked what one book would they like to have if they were stranded on a desert island " Reminiscences of a stock operator" is most often cited. While I enjoyed it and there is much wisdom tucked in it's pages it is a bit dated and I'm hard pressed to follow the rules of a man who took his own life. Perhaps he was not on to something.The Zurich Axioms on the other hand, speak to me as the truth laid bare, no matter whether society agrees or not.This may not be the most highly touted book, nor written by the hottest author, but it speaks with great wisdom.
4.0 out of 5 stars A must for a trader
This is a real easy book and refreshes a tired mind in trading. I recommend this book strongly for any trader. Max Gunther write very clearly. Anytime I seem to move away from rules of trading I pick up this book. Not only have I kept a copy next to my terminal at home and office but also have one copy on kindle.
Quite an amazing book.
Everyone at school and who likes reading should read this book. Quite an amazing book to read. I wish I had read this back when I started trading. I would have lost a lot less. Haha!
Imperdibili suggerimenti per investitori consapevoli
Zurich Axioms, scritto in un inglese semplice e accessibile a tutti, fornisce preziosi consigli a chi vuole investire sui mercati azionari. Attenzione, non espone una ricetta o una formula per guadagnare ma una serie di ben più utili massime di comportamento.In totale troviamo 12 assiomi principali, ciascuno poi con i propri corollari: sul Rischio, sull'Avidità, sulla Speranza, sulle Previsioni, sugli Schemi, sulla Mobilità, sull'Intuizione, sull'Occulto, sull'Ottimismo e Pessimismo, sul Consenso, sull'Ostinazione, sulla Pianificazione.Anche per chi segue e opera sui mercati da molti anni, e di esperienza (errori, perdite) ne ha fatta, è sempre utile che qualcuno gli ricordi che l'avidità è sbagliata e il profitto quando c'è va incassato (eh già... secondo assioma), che la diversificazione aumenta il numero di decisioni difficili e dunque è meglio avere solo due o tre posizioni aperte alla volta (proprio così...), che rischiare vuol dire essere costantemente preoccupati (ah quindi è normale... primo assioma), che tagliare le perdite quando sono ancora piccole è salutare se si evitano i bagni di sangue ("quando la barca inzia ad affondare non pregare, scappa!", ma quanto è difficile.... terzo assioma).Altre "verità" possono essere scontate o banali, ma magari non per tutti. Ad esempio per chi crede fermamente nelle superiori capacità previsionali degli esperti, o si affida in toto all'analisi tecnica, o non ha il coraggio di sconfessare le proprie scelte di investimento fatte in passato o addirittura prende decisioni in base a sogni o a superstizioni (!!).Insomma, ognuno con la propria esperienza avrà fatto suo uno o più assiomi e troverà conferma che la proprie conclusioni sono condivise. In più potrà riconoscersi in uno dei comportamenti che stanno alla base di altri assiomi e capire se e come migliorare.Quello che non viene detto, ed è apprezzabile l'onestà, è come fare per vincere sui mercati.Il messaggio è che senza un set di regole ed una disciplina, non si fa altro che affidarsi alla fortuna.Il libro è del 1985, a conferma che i mercati potranno essere anche più sofisticati e tecnologici ma i protagonisti sono sempre persone e dunque certe cose sono sempre valide.
Wenn das jeder lesen würde, ...
... gäbe es weniger Gewinne an der Börse - einfach, weil weniger Leute einzahlen würden. Der Autor schreibt für meinen Geschmack ein bisschen sehr annektotisch, die Aussagen selbst sind aber wahrhaft axiomatisch. Dabei provozieren sie in gewissem Umfang, z.B. mit der Ausage, dass man immer zu früh aus einer Positionen aussteigen sollte, was meiner bisherigen Überzeugung des "Gewinne laufen lassen" widerspricht. Bei näherer Betrachtung aber erkennt man, dass hinter diesem Axiom das Streben nach absoluter Risikokontrolle steht. Diese absolute Kontrolle ist zwar nicht erreichbar, aber das Streben danach sichert Gewinne und hält Verluste relativ und absolut klein. Die 12 Axiome singen ein Lied auf das EIngehen von Risiken ebenso wie auf deren Kontrolle. Sie zeigen auf das Risiko-Management als das Kernstück, als den eigentlichen "Heiligen Gral" des Erfolgs als Händler. Darin liegt ihr unschätzbarer Wert.
One of the best investing books
The book challenges all current investing tropes and cliches and provides well thought out arguments.Definitely will integrate some of the ideas here in my future investing journey.Night recommend that everyone from any walk of life and at any stage in life to read this book.
素晴らしい
The Zurich Axioms][[ASIN:0285630954 The Zurich Axioms素晴らしい本です。Uncertainty(我々に知りえないこと)、Anarchy(Ruleそのものがない、それゆえ予測不能である状態)に対してどう対処するか？を主に心理面から説明した本と受け取っています。未来予測の限界についてならさらに論理的、合理的に説明した本があると思います。が、決定主体の我々が心理的な存在であることは逃れられない以上、心理的に自分自身をよい条件に維持することは大いに有効です。単純であるとか、体系性がないとか、説明が不十分と受け取る読者もいるかもしれません。が、我々が相手にしているのが、UncertaintyやAnarchyであるならそれこそ最高の対応であるかも知れないではありませんか？心理的に勝てるということは、言うまでもなく明確なAdvantageです。
Similar suggestions by Bolo
More from this brand
Similar items from “Investing”
Share with
Or share with link
https://www.bolo.ae/products/U0857198637