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    Jim Paul's What I Learned Losing a Million Dollars Summary
    Jim Paul's What I Learned Losing a Million Dollars Summary
    Jim Paul's What I Learned Losing a Million Dollars Summary
    Ebook37 pages26 minutes

    Jim Paul's What I Learned Losing a Million Dollars Summary

    By Ant Hive Media

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    This is a Summary of Jim Paul and Brendan Moynihan’s What I Learned Losing a Million Dollars

    Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all―his fortune, his reputation, and his job―in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors.

    This book―winner of a 2014 Axiom Business Book award gold medal―begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it―primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources.

    Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

    Available in a variety of formats, this summary is aimed for those who want to capture the gist of the book but don't have the current time to devour all 192 pages. You get the main summary along with all of the benefits and lessons the actual book has to offer. This summary is not intended to be used without reference to the original book.

    LanguageEnglish
    PublisherAnt Hive Media
    Release dateApr 23, 2016
    ISBN9781311323323
    Jim Paul's What I Learned Losing a Million Dollars Summary
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      Jim Paul's What I Learned Losing a Million Dollars Summary - Ant Hive Media

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      Please Note

      This is a Summary of the original book. Ant Hive Media reads every chapter, extracts the understanding and leaves you with a new perspective and time to spare. We do the work so you can understand the book in minutes, not hours.

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      This eBook is licensed for your personal enjoyment only. This eBook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your enjoyment only, then please return to Smashwords.com or your favorite retailer and purchase your own copy. Thank you for respecting the hard work of this author.

      Copyright © 2016 by Ant Hive Media

      All rights reserved worldwide. No part of this publication may be reproduced or transmitted in any form without the prior written consent of the publisher

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      The publisher and author make no representations or warranties with respect to the accuracy or completeness of these contents and disclaim all warranties such as warranties of fitness for a particular purpose. The author fact that an individual or organization is referred to in

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