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Synopsis
Mamis--who has been hailed as a "wildly prescient man" by the Milwaukee Business Journal, named to the Wall Street Letter's 1991 All-American Research Team, and called one of five leading gurus of the stock market by Barron's--reveals the great paradox of making money in the market: the less you know about a stock or company, the better off you are.
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Reviews
A veteran Wall Streeter, Mamis argued for technical (as opposed to fundamental) analysis of stock prices in When to Sell (1977) and How to Buy (1982). In the charmingly existential text at hand, however, he goes well beyond his demandingly interpretive discipline to reflect on larger issues. To achieve success in either life or the market, Mamis points out, individuals must act before they know enough, meaning there are hazards involved. He observes, for instance, that investors who hesitate may catch only the last 20% of a bull move and thus assume a disproportionate share of risk. Among other problems, the author notes, those under pressure (i.e., at risk) often let emotion determine their responses. Since experience instills concern as well as confidence, he says, many people (having been coerced into socially acceptable behavior patterns since childhood) become paralyzed at critical junctures in their personal and financial lives. Taking as a given the premise that ``the market climbs a wall of worry,'' Mamis advises readers to trust their intuition (not instincts) whether trading equities, falling in love, or engaging in other more or less gainful pursuits. Incurring informed risks, he asserts, can prove a liberating proposition whose reward is not necessarily a payoff, but a balance. By this, Mamis means the satisfaction that accrues from playing a game (or role) to win, rather than not to lose, from start to finish. In addition to an abundance of Zen-like pronouncements (e.g., ``death is the extreme of risk''; ``like sex, money distorts our senses''), he offers a full measure of contrarian counsel on a wealth of subjects--from gold (a commodity Mamis cites as an impotent hedge during recent market breaks) through indexing (an investment approach that reduces responsibility without curbing risk) and diversification (a system ``designed to protect the dumb''). Thought-provoking perspectives on the market and life as tests that never end. -- Copyright ©1991, Kirkus Associates, LP. All rights reserved.
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The Nature Of Risk: Stock Market Survival And The Meaning Of Life
Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.
Seller rating 5 out of 5 stars
Condition: Good. Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc. Seller Inventory # 00095518708
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The Nature of Risk
Published by
Pearson Higher Education & Professional Group, 1991
ISBN 10: 0201577704
ISBN 13: 9780201577709
Used
Hardcover
Seller: Better World Books, Mishawaka, IN, U.S.A.
Seller rating 5 out of 5 stars
Condition: Good. Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good. Seller Inventory # 5237151-6
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The Nature of Risk
Published by
Pearson Higher Education & Professional Group, 1991
ISBN 10: 0201577704
ISBN 13: 9780201577709
Used
Hardcover
Seller: Better World Books, Mishawaka, IN, U.S.A.
Seller rating 5 out of 5 stars
Condition: Very Good. Pages intact with possible writing/highlighting. Binding strong with minor wear. Dust jackets/supplements may not be included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good. Seller Inventory # 4268809-75
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The Nature Of Risk: Stock Market Survival And The Meaning Of Life
Seller: ThriftBooks-Atlanta, AUSTELL, GA, U.S.A.
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Hardcover. Condition: Very Good. No Jacket. Former library book; May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0201577704I4N10
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The Nature Of Risk: Stock Market Survival And The Meaning Of Life
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Hardcover. Condition: As New. No Jacket. Pages are clean and are not marred by notes or folds of any kind. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0201577704I2N00
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The Nature Of Risk: Stock Market Survival And The Meaning Of Life
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Condition: acceptable. The item is very worn but is perfectly usable. Signs of wear can include aesthetic issues such as scratches, dents, worn and creased covers, folded page corners and minor liquid stains. All pages and the cover are intact, but the dust cover may be missing. Pages may include moderate to heavy amount of notes and highlighting, but the text is not obscured or unreadable. Page edges may have foxing age related spots and browning . May NOT include discs, access code or other supplemental materials. Seller Inventory # BVV.0201577704.A
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The Nature Of Risk: Stock Market Survival And The Meaning Of Life
Seller: Wonder Book, Frederick, MD, U.S.A.
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Condition: Very Good. Very Good condition. Very Good dust jacket. A copy that may have a few cosmetic defects. May also contain light spine creasing or a few markings such as an owner's name, short gifter's inscription or light stamp. Seller Inventory # F01A-04624
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Nature of Risk
Published by
Pearson Education Limited, 1991
ISBN 10: 0201577704
ISBN 13: 9780201577709
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Hardcover
Seller: World of Books Inc, Montgomery, IL, U.S.A.
Seller rating 2 out of 5 stars
Hardback. Condition: Good. Sometimes the biggest risk of all is taking one, and the need to be sure you are making the right choice actually increases the risk. The market is not efficient and hedging doesn't work. To rely on charts to understand the market is Mamis' way. The author is an excellent market technician who offers sound financial guidance and insights into the prepared mind. He gets your thinking going with a comfortable investment philosphy that will often go against convention. There are enough anecdotes, war stories, and charts to make for sound advise. The path to market freedom is technique, and you don't have to be one of the best traders to succeed with experience. It seems to me that the entire 1990s have confirmed the ambiguities of market language and how to operate in such a world. You will know how to keep risk at bay which most of us find not to be an easy task. 241 pages. Seller Inventory # CIN0201577704G
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The Nature Of Risk: Stock Market Survival And The Meaning Of Life
Seller: Isle Books, Layton, UT, U.S.A.
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Hardcover. Condition: Good. has writing and or highlighting, light or moderate wear to corners and edges, has dust jacket where applicable, ships same or next business day. Seller Inventory # 183050322057
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The Nature Of Risk: Stock Market Survival & The Meaning Of Life
Seller: Tacoma Book Center, Tacoma, WA, U.S.A.
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Hardcover. Condition: Very Good. Dust Jacket Condition: Dustjacket included. Later Edition. ISBN 9780201577709. Hardback. Later printing. Very slight wear to corners and edges; slight dustsoiling to page edges; otherwise tight, sound and unmarked in Very Good to Near Fine condition. Dustjacket with very slight wear to corners and edges; slight browning over all; Very Good condition. No Signature. Seller Inventory # 4219269