Max Gunther (1927–1998)
Auteur van The Zurich Axioms
Over de Auteur
Werken van Max Gunther
How to Get Lucky: 13 techniques for discovering and taking advantage of life's good breaks (1986) 32 exemplaren
The Luck Factor: Why Some People Are Luckier Than Others and How You Can Become One of Them (1977) 29 exemplaren
Wall Street and Witchcraft: An investigation into extreme and unusual investment techniques (2011) 11 exemplaren
Epidemic 9 1 exemplaar
The Wrong House {short story} 1 exemplaar
The Weekenders 1 exemplaar
LOS SECRETOS DE LOS BANQUEROS SUIZOS. 1 exemplaar
Gerelateerde werken
Configurations: American Short Stories for the EFL Classroom, Advanced Level (1984) — Medewerker — 1 exemplaar
The Saturday Evening Post Stories 1957 — Medewerker — 1 exemplaar
Tagged
Algemene kennis
- Officiële naam
- Gunther, Maxwell D.
- Geboortedatum
- 1927-06-28
- Overlijdensdatum
- 1998-06-28
- Graflocatie
- Connecticut, USA
- Geslacht
- male
- Geboorteplaats
- Hendon, Middlesex, England, UK
- Plaats van overlijden
- Southbury, New Haven County, Connecticut, USA
Leden
Discussies
Fiction: Disaster (Apocalypse?) - Extreme High Winds in Name that Book (mei 2020)
Besprekingen
Zurich Axioms door Max Gunther
iconoclastic investment ideas. Most of them go against the conventional wisdom. Has to be taken with a pinch of salt. And if you are in hurry, you can skip the case studies associated with axioms
This is a silly book, "But a man cannot always be in uniform." (Robert Bolt in "Lawrence of Arabia"). It was a non-memorable "Portrait of the American Male". Consider the publisher, and be wary.
Overall a pretty shallow take on the rich and their histories. Couldn't shake the feeling that this was the equivalent of and Entertainment Tonight segment on a few particular super wealthy folks: the authors basically fawn over the subjects they cover.
Over decades a cabal of expatriate Swiss bankers meet in New York bars to discuss their speculative deals and determine a set of universal investment truths.
It could be the scene of a thriller. In fact it is the makings of an investment classic ... The axioms are not commandments. They are vague and intertwined truths. An excuse to knit a series of stories together to make a folksy philosophy.
The twelfth axiom (you cannot plan the future because you do not know what it will hold) is a lot like the fourth (do not stake your wealth on a forecast, the future cannot be told) and they all owe something to the tenth (disregard the majority opinion, it is probably wrong).
It is a simple, appealing philosophy: Think for yourself and avoid the common psychological pitfalls and you will make riches.
Take the couple who bought real estate in the wilderness, speculating roads would be built and pipes laid as the property company enthused. They were not. The couple had succumbed to optimism and greed. Had they considered the possibility of disappointment they may have bought a more expensive plot closer to existing amenities, which they could have extended themselves if necessary. They may have lost money, but not everything.
It is easy to be convinced, you want to be.
But there is more to the axioms than an appeal to man's baser instincts and a few salutary tales. First of all, the axioms made their creators very rich, apparently.
Secondly they trash conventional investment advice like diversification and liberate the investor to follow hunches - provided they are well thought through.
Agree or disagree, by picking apart the mechanics of buy and sell decisions the axioms challenge us all to work out precisely why we make the decisions we do.
It is an important exercise because, as Gunther reels off story after story of financial ruin it becomes increasingly apparent that without axioms the investor is reliant on blind luck.… (meer)
It could be the scene of a thriller. In fact it is the makings of an investment classic ... The axioms are not commandments. They are vague and intertwined truths. An excuse to knit a series of stories together to make a folksy philosophy.
The twelfth axiom (you cannot plan the future because you do not know what it will hold) is a lot like the fourth (do not stake your wealth on a forecast, the future cannot be told) and they all owe something to the tenth (disregard the majority opinion, it is probably wrong).
It is a simple, appealing philosophy: Think for yourself and avoid the common psychological pitfalls and you will make riches.
Take the couple who bought real estate in the wilderness, speculating roads would be built and pipes laid as the property company enthused. They were not. The couple had succumbed to optimism and greed. Had they considered the possibility of disappointment they may have bought a more expensive plot closer to existing amenities, which they could have extended themselves if necessary. They may have lost money, but not everything.
It is easy to be convinced, you want to be.
But there is more to the axioms than an appeal to man's baser instincts and a few salutary tales. First of all, the axioms made their creators very rich, apparently.
Secondly they trash conventional investment advice like diversification and liberate the investor to follow hunches - provided they are well thought through.
Agree or disagree, by picking apart the mechanics of buy and sell decisions the axioms challenge us all to work out precisely why we make the decisions we do.
It is an important exercise because, as Gunther reels off story after story of financial ruin it becomes increasingly apparent that without axioms the investor is reliant on blind luck.… (meer)
Misschien vindt je deze ook leuk
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Statistieken
- Werken
- 17
- Ook door
- 3
- Leden
- 365
- Populariteit
- #65,883
- Waardering
- 3.5
- Besprekingen
- 4
- ISBNs
- 53
- Talen
- 3