Nearly 8 trillion dollars were lost after the dot.com bubble and the ensuing stock market sell-off between 2000 and 2002. This bubble caused life-style changes for pre-retirees and caused 10 Wall-street broker firms to pay off 1.4 billion to unhappy investors in settlements. It has become clear that one must manage one's financial affairs and try to do a better job doing it. Personal application of Modern Portfolio Theory and unique Money Management ideas in this book will help the reader to plan better.
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The author has been in the investment and financial engineering field since 1986. He became a stockbroker despite a job offer from Microsoft. This is an example that demonstrates his lack of hunger for wealth and his streak of independence. He had spent the last 20 years working as a futures broker with Refco, a software designer and contract engineer for various investment and trading firms. In the late 80’s after getting a grubstake together he began to trade as a local (floor trader) at the Chicago Board of Trade. He mainly traded options on futures and the Dow Jones Stock Index Futures. Andras Nagy is now semi-retired and writes from his home in California and sometimes trades his retirement account.
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