Inside the Mind of the Turtles: How the World’s Best Traders Master Risk

My Views

The book is brilliant for people who are worried and fears trading. The author breaks down the various element of  risk and explains how one should embrace risk instead of avoiding it.

If you want to make a career change into the world of trading but heard of scary stories of traders blowing their account, this is a good starting point.

Description

From the Back Cover
Take control of risk . . . before it takes control of you

Don’t like uncertainty? Doubt makes you nervous? Most people are averse to it, but risk is unavoidable to the serious investor. In this groundbreaking book, Curtis Faith helps you not only form a truce with risk, but actually make it your ally.

One of Chicago’s famed Turtle traders, Faith credits his group’s unprecedented trading success with its mastery over the psychology of risk. In Inside the Mind of the Turtles, he explains how to view risk as an asset-and invest accordingly. Covering his own techniques, plus those of other traders, speculators, hedge-fund billionaires, and venture capitalists, Faith teaches you the seven rules for mastering risk:

  • Overcome fear
  • Remain flexible
  • Take reasoned risks
  • Prepare to be wrong
  • Focus on market realities
  • Respond to change quickly and decisively
  • Concentrate on decisions, not outcomes

Only those who can control their fear of risk will move forward in the investing world. This has never been truer than it is in today’s topsy-turvy global economy. Read Inside the Mind of the Turtles and never again hide inside your shell in the face of risk.

About the Author

Curtis Faith is the author of the bestselling Way of the Turtle. In his early twenties, Faith earned more than $30 million as a member of the Chicago trading group, the Turtles. He founded several software and high-tech startups, including a public company and an Inc. 500 firm.

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