Market Sense and Nonsense: How the Markets Really Work (and How They Don't)

Praise for Market Sense and Nonsense

"This book is a real joy. Smart, clever, funny; deliciously concise. No bull. It tells you what investing is really about, which most certainly isn't what the fakes in the financial services industry, and their paid cheerleaders in the media and academia, want you to think it is about. Mr. Schwager has performed a major service for anyone who ever gets a spare dime to invest and wants to know how to avoid making a mistake. This book is destined to be one of the greatest texts on markets and investing for discussion in schools, universities and barrooms the world over."
--Martin Taylor, Investment Manager, Nevsky Fund PLC

"This is a very ambitious book which succeeds on all counts. It is not a book with just one idea explained repeatedly with different anecdotes. It covers a huge amount of ground across the spectrum of risk and investing, both in theory and in practice. It addresses many of the difficult issues faced by investment professionals today, but written in a way which is designed to be understood by people without a background in investing or finance."
--Colm O'Shea, Founding Partner and CIO, COMAC Capital LLP

"If this book had been available when I started out in the financial markets I would have saved a lot of learning time over the next fifty years. A great guide to understanding how investing and markets really work."
--Edward O. Thorp, author of Beat the Dealer and Beat the Market

"Jack Schwager's new book, Market Sense and Nonsense, deftly addresses a large number of seldomly clarified facts and myths about the investment management business."
--Jaffray Woodriff, cofounder, Chairman, and CEO, Quantitative Investment Management

"If you believe in investigating before you invest, and in knowing what works and what doesn't work, you are likely to do well reading Schwager."
--Ed Seykota