"Love?" Anyway, I didn't view risk assessment as a primary driver for trades before hearing this audiobook. Now, I won't assess a trade without giving heavy weight to survivability.
My favorite concept was that of limiting risk whatever the perceived payout may be.
My favorite topic was risk control.
This book changed my approach to stock trading.
The questions in this framed review are off point.
Soros' theory that the markets help determine their own fates is well argued.
Market anticipation of a future event may become self-defeating prophecy.
Alchemy of Finance should be read by anyone interested in economics or financial markets.
I don't recommend this book. It was a disappointing, redundant, cookie-cutter-advice investment advice book that at times seemed more geared toward manipulating the reader than informing me. I expected much better from Malkiel.
The 2-3 hour book can be reduced to a 2-3 minute list.
If you do listen to the book, listen critically. Don't believe everything you hear.
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