I would say the middle. I wasn't too impressed with the book, especially after hearing Market Wizards. The storyline occurs in the 90s to mid 2000s and misses the financial crash entirely. You can see the prescience of some of the investors. This book was not as mind blowing as the others I've read but it's not useless or a waste of time either.
He gets better towards the end but the first part is a bore. I sped up the book 1.25-1.50x as his slow British accent was putting me to sleep. You get more vocal variety towards the middle-end where it starts sounding good.
This audio course is quite basic: I can't really penalize it for that. I'm sure for a lay reader, they will learn a lot (I'm a health professional). This course may save lives and years of life to those who are not very familiar with health topics. For the advanced (health / biology / medical majors / professionals) this will be too basic to the point where you don't feel you've learned anything new or gained any value. The teacher (passionate surgeon) is not monotonous so it wasn't a bore to listen to - though I typically listen to audiobooks with a 1.25x to 1.50x speed magnification to save time and also to not get bored...
I most definitely will read it again. This was by far the most educational book on trading I've read. It is also very motivating. I find that this, and Reminiscences of a Stock Operator the most important trading books to read. As you trade, you learn even more lessons by making the same mistakes as these traders have. You get so many life lessons here. The information may be dated but the psychology isn't - even in today's HFT ridden markets.
Each trader has a unique story. Each have earned a unique degree of success. I think the big kicker of this book is that you get so many different trader types and styles, sometimes even contradicting each other, but they are all successful. It goes to show that you need to find a style that suits your personality and there is not really a holy grail or one right way to trade. That alone is motivating and encouraging...You can even pick up tid-bits of traders that are most similar to you. I would definitely get this in audiobook form as it reads like two friends having a conversation throughout. You can tease more out of that than reading. None of the intonation/sarcasm is lost as the narrator himself has personal experience of the interviews. This was probably the best audiobook I've purchased thusfar.
His ability to convey the personality of his interview subjects. The book sounds like a conversation between two good friends with their vocal variety and intonation keeping you entertained.
This book is perfect to be placed in audiobook format because there are no real charts, tables, or figures to look at it. I personally hate reading and only do so when necessary. I'm thankful I found this book here. I found it via Investimonials - they provided great reviews of this book if you would like further information/reviews...and I guess there are the numerous www.amazon.com reviews...
It helped me a lot to assess my psychological trading mistakes. I think every trader should at least skim over this book. They will find a mistake they are committing. I've learned a lot about myself while reading this book like my fear or rejection or making mistakes - this makes me stay in positions longer than I should. There are a lot of great trading tips.
Definitely does not apply to a trading book...
...It's a trading book...
The content in this book is critical to read. It distils the knowledge learned from decades of work - and that shouldn't be taken lightly - the couple who wrote this book won a Congressional Medal of Honour for their prolific series. I would definitely recommend this book to everyone, we might even get smarter voters that aren't whipsawed around by lies if everyone read this. I found this book through Ray Dalio's recommendation as one of the most important/influential books to read. I definitely was not disappointed in the content but perhaps by the delivery, the music is irritating (and frequent) and Will Durant is incomprehensible when he speaks himself - this may be due to advanced age and bad audio quality from the 70's/80's. It's still not bad enough to detract from the audiobook.
Hard to say, this is sort of a Cole's Note or Cliff's Notes on history. It goes into more of the human condition with some historical context to support its arguments but its fundamentally a book about unchanging human nature. It's organized very well.
Decent narrator for the prose sections. I have no complaints other than the cheesy music and the 'audio-legibility' of Will Durant in the live skits sections.
I was irritated at the terrible music they would play between chapters or when they bring in Will Durant himself.
Ditch the music!!!
I would say this would rank behind to Market Wizards but it's currency/recency makes up for it. Market Wizards is definitely in my top 3 trading books.
Ray Dalio's insight on the world is amazing, I like his perspective on leveraging/deleveraging and inflation/deflation. It basically predicts our course via his historical knowledge. I also picked up great trading tips such as predefining your risk from putting a stop in an area that would get hit ONLY if you are wrong and THEN decide your position size based on the losses incurred from that stop. There are many gems like this and many perspectives and interesting autobiographies.
Narration felt boring at first but then it grows on you as you see more vocal variety. I still like Jack D. Schwager's narration of his own Market Wizard's book more. It sounded more 'chummy/unique?', but of course, no one can narrate a book as well as its author as they met with the characters personally.
Definitely the risk management techniques.
I would also look further in Ray Dalio's work, he has a 120 pager he makes his employees read.
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