{"product_id":"the-indomitable-investor-isbn-9781118934043","title":"The Indomitable Investor","description":"\u003cb\u003eA new approach to investing based on how Wall Street insiders approach the market\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eThe Indomitable Investor\u003c\/i\u003e deconstructs the stock market as the public has come to know it and reconstitutes it from the inside out from the perspective of the fortunate few who dominate Wall Street. By revealing how top investors and traders think and act Steven Sears shows the stock market to be an undulating ocean of money, with seasoned investors reading the waves others cannot.\u003c\/p\u003e \u003cp\u003eTeaching readers to think about the market in radically different ways, \u003ci\u003eThe Indomitable Investor\u003c\/i\u003e shows how to improve returns—and, just as importantly, avoid losses—with disciplines deployed by people who almost always do exactly the opposite of what Wall Street says to do.\u003c\/p\u003e \u003cp\u003eLaying bare great fallacies, the book explains that non-professional investors wrongly think the stock market is a place to make money, which is what Wall Street wants them to try to do. \u003ci\u003eThe Indomitable Investor\u003c\/i\u003e says otherwise and shows how Wall Street's best investors have a completely different focus.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExplains the critical ideas and insights of top traders and investors in language anyone can understand and implement\u003c\/li\u003e \u003cli\u003ePacked with material rarely shared off Wall Street that is used every day by professional investors\u003c\/li\u003e \u003cli\u003eIntroduces the 17 most important words on Wall Street\u003c\/li\u003e \u003cli\u003eTeaches critical skills, including: How to increase returns by focusing on risk, not potential profits; how to use the stock market's historical patterns to optimize investment decisions; understanding key relationships between stocks and the economy that predict what will happen to stocks and the broader market; how to increase mutual fund returns with an easy adjustment that redirects the bulk of profits to you—not mutual fund companies, and how to analyze information like seasoned investors to move beyond \"statement of the obvious\" news reports that turn ordinary investors into Dumb Money\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAccessible to readers of all backgrounds, including those with a limited understanding of investing, \u003ci\u003eThe Indomitable Investor\u003c\/i\u003e will change how investors view the stock market, Wall Street, and themselves.\u003c\/p\u003e  \u003cb\u003eChapter 1 Risk 1\u003c\/b\u003e  \u003cp\u003eA Nation of Stock Market Junkies 4\u003c\/p\u003e \u003cp\u003eCalm Words for Wild Times 7\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Greed 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Hardest Decision 23\u003c\/p\u003e \u003cp\u003eThe Iron Man 24\u003c\/p\u003e \u003cp\u003eAtlas Doesn’t Shrug 27\u003c\/p\u003e \u003cp\u003eThe Warrior Philosopher 28\u003c\/p\u003e \u003cp\u003eLike Monkeys at the Zoo 30\u003c\/p\u003e \u003cp\u003eA Context 32\u003c\/p\u003e \u003cp\u003eThe Danger of Warren Buffett 34\u003c\/p\u003e \u003cp\u003eThe Value of Errors 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Fear 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Theory of Contrary Opinion 42\u003c\/p\u003e \u003cp\u003eExile on Wall Street 44\u003c\/p\u003e \u003cp\u003eThe Media Is the Message 47\u003c\/p\u003e \u003cp\u003eMedia Misreads Google 49\u003c\/p\u003e \u003cp\u003ePaulson’s Gamble 50\u003c\/p\u003e \u003cp\u003eBuffett’s Goldman Trade 53\u003c\/p\u003e \u003cp\u003eFading the News 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Anatomy of Information 55\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Doors of Perception 58\u003c\/p\u003e \u003cp\u003eAnatomy of Information 60\u003c\/p\u003e \u003cp\u003eThe Future Is Now 63\u003c\/p\u003e \u003cp\u003eShow Business 66\u003c\/p\u003e \u003cp\u003eWords Are Weapons 68\u003c\/p\u003e \u003cp\u003eTrust, but Verify 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Chaos 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMoney Never Sleeps 82\u003c\/p\u003e \u003cp\u003ePerversities 82\u003c\/p\u003e \u003cp\u003eThe Black Swan’s Calling Card 85\u003c\/p\u003e \u003cp\u003eMap of the Market 86\u003c\/p\u003e \u003cp\u003eDon’t Get Skewed 89\u003c\/p\u003e \u003cp\u003eApathy and Fear Are Your Friend 90\u003c\/p\u003e \u003cp\u003eFear Not Black Swans 91\u003c\/p\u003e \u003cp\u003eIs MPT MIA or KIA? 92\u003c\/p\u003e \u003cp\u003e800 Years of Crisis 97\u003c\/p\u003e \u003cp\u003eFear Gray Swans 98\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Diogenes’ Lantern 103\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePerformance Is Relative 106\u003c\/p\u003e \u003cp\u003eDeath by a Thousand Fees 107\u003c\/p\u003e \u003cp\u003eStockbroker Pay 111\u003c\/p\u003e \u003cp\u003eHidden Fees 116\u003c\/p\u003e \u003cp\u003eBeware of New Products 116\u003c\/p\u003e \u003cp\u003eAn Uncomfortable Conversation 117\u003c\/p\u003e \u003cp\u003eA Funny Aside 118\u003c\/p\u003e \u003cp\u003eSuitability Requirement 119\u003c\/p\u003e \u003cp\u003eFiduciary Standard 120\u003c\/p\u003e \u003cp\u003eShakespeare’s Rule 121\u003c\/p\u003e \u003cp\u003eAppeals to Common Sense 121\u003c\/p\u003e \u003cp\u003eTrust but Verify 122\u003c\/p\u003e \u003cp\u003eActive versus Passive Fund Management 125\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Cycles 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Year in Stocks 128\u003c\/p\u003e \u003cp\u003eMysterious Repetitions 136\u003c\/p\u003e \u003cp\u003eFlash Mobs 137\u003c\/p\u003e \u003cp\u003eHistory’s Hiccups 138\u003c\/p\u003e \u003cp\u003eThe Economy in Slow Motion 139\u003c\/p\u003e \u003cp\u003eThe Guts of ISM 141\u003c\/p\u003e \u003cp\u003eNumerical Nuances 142\u003c\/p\u003e \u003cp\u003eSays Who? Says Goldman Sachs 142\u003c\/p\u003e \u003cp\u003eAction 148\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Behavior 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOne Brain: Two Minds 152\u003c\/p\u003e \u003cp\u003eMaps and Models 154\u003c\/p\u003e \u003cp\u003eThis Is Your Brain Visualizing Money 156\u003c\/p\u003e \u003cp\u003eCompulsive Gambler 158\u003c\/p\u003e \u003cp\u003eB. F. Skinner Goes to Wall Street 158\u003c\/p\u003e \u003cp\u003eThe Casino Culture 160\u003c\/p\u003e \u003cp\u003eYour Own Private Stock Market 162\u003c\/p\u003e \u003cp\u003eOften Wrong; Never in Doubt 163\u003c\/p\u003e \u003cp\u003eIllusion of Memory 164\u003c\/p\u003e \u003cp\u003eSafe Havens in the Age of Madoff 165\u003c\/p\u003e \u003cp\u003eIllusions 167\u003c\/p\u003e \u003cp\u003eVictor 169\u003c\/p\u003e \u003cp\u003eAn Antidote for Overconfidence 170\u003c\/p\u003e \u003cp\u003eGo Slow to Go Fast 172\u003c\/p\u003e \u003cp\u003eThink Week 173\u003c\/p\u003e \u003cp\u003eHalos and Angels 173\u003c\/p\u003e \u003cp\u003eBig Brother Is Studying You 175\u003c\/p\u003e \u003cp\u003eBig Bank Is Watching You 177\u003c\/p\u003e \u003cp\u003eAncient Lessons 178\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Watchman, What of the Night? 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Next Crash 183\u003c\/p\u003e \u003cp\u003eMisperceptions and Illusions 184\u003c\/p\u003e \u003cp\u003eRevolving Doors 185\u003c\/p\u003e \u003cp\u003eInvestor Laureate 186\u003c\/p\u003e \u003cp\u003eA Fox in the Henhouse 187\u003c\/p\u003e \u003cp\u003eThe Tremendous Task 188\u003c\/p\u003e \u003cp\u003eSane Money, Not Mad Money 189\u003c\/p\u003e \u003cp\u003eRepetition and Velocity 191\u003c\/p\u003e \u003cp\u003eMore Education 192\u003c\/p\u003e \u003cp\u003ePlain Speaking 192\u003c\/p\u003e \u003cp\u003eThe Cause of Failure 193\u003c\/p\u003e \u003cp\u003eVirtue 194\u003c\/p\u003e \u003cp\u003eLadders 195\u003c\/p\u003e \u003cp\u003eA Systematic Change 196\u003c\/p\u003e \u003cp\u003eFlash Crash 198\u003c\/p\u003e \u003cp\u003eSoft Spots 199\u003c\/p\u003e \u003cp\u003eWashington 201\u003c\/p\u003e \u003cp\u003eA Global Problem 202\u003c\/p\u003e \u003cp\u003ePresent at the Creation 204\u003c\/p\u003e \u003cp\u003eThe Illusion of Regulation 205\u003c\/p\u003e \u003cp\u003ePower 208\u003c\/p\u003e \u003cp\u003eThe Balance of Power 208\u003c\/p\u003e \u003cp\u003eAcknowledgments 211\u003c\/p\u003e \u003cp\u003eNotes 215\u003c\/p\u003e \u003cp\u003eAbout the Author 225\u003c\/p\u003e \u003cp\u003eIndex 227\u003c\/p\u003e \u003cp\u003eI must create a system, or be enslaved by another man's.\u003cbr\u003e \u003ci\u003e—William Blake\u003c\/i\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eSTEVEN M. SEARS\u003c\/b\u003e is a Senior Editor and Columnist with \u003ci\u003eBarron’s\u003c\/i\u003e. He previously reported for \u003ci\u003eDow Jones Newswires\u003c\/i\u003e and \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e. He has reported upon most major modern financial events, including the Asian Contagion, the bursting of the Internet Bubble, the Credit Crisis, and Europe’s sovereign debt crisis. He was also part of exchange executive teams that modernized the U.S. options market and introduced electronic trading. He is a member of the Economic Club of New York.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003e\u003ci\u003ePraise for The\u003c\/i\u003e INDOMITABLE INVESTOR\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“Though he pulls no punches in his personal assessment of Washington and Wall Street, Steve Sears’s blunt and harsh criticism is never merely gratuitous. On the contrary, \u003ci\u003eThe Indomitable Investor\u003c\/i\u003e is a timely call to action for today’s investor. The need for individuals to better understand and take greater control of their financial future has never been more important. \u003ci\u003eThe Indomitable Investor\u003c\/i\u003e lays out the principles that guide successful investment strategies and maps out a disciplined approach that investors can use to navigate the challenges and meet their investment goals.”\u003cbr\u003e  \u003cb\u003e—William J. Brodsky\u003c\/b\u003e Chairman and CEO, Chicago Board Options Exchange\u003c\/p\u003e \u003cp\u003e“Steve Sears provides an easy to understand, unbiased, accurate and, most importantly, truthful assessment of the investing landscape. This is a must-read book … a keep-you-honest dose of sage advice that, if taken, should go a long way toward maintaining a profitable mindset.”\u003cbr\u003e  \u003cb\u003e—Patrick A. Neal\u003c\/b\u003e CEO and CIO, TreePoint Capital Management\u003c\/p\u003e \u003cp\u003e“Steve Sears is one of Wall Street’s keenest observers. His book, \u003ci\u003eThe Indomitable Investor\u003c\/i\u003e, is destined to become a classic. If you only read one book on investing, this is it.”\u003cbr\u003e  \u003cb\u003e—Meyer “Sandy” Frucher\u003c\/b\u003e Vice Chairman, NASDAQ OMX\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990263939301,"sku":"NP9781118934043","price":19.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118934043.jpg?v=1761787117","url":"https:\/\/k12savings.com\/es\/products\/the-indomitable-investor-isbn-9781118934043","provider":"K12savings","version":"1.0","type":"link"}