Nobody Knows Anything

Investing Basics Learn to Ignore the Experts, the Gurus and other Fools

Business & Finance, Personal Finance, Investing, Finance & Investing
Cover of the book Nobody Knows Anything by Robert Moriarty, Robert J Moriarty
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Author: Robert Moriarty ISBN: 9780692856659
Publisher: Robert J Moriarty Publication: February 23, 2017
Imprint: Robert J Moriarty Language: English
Author: Robert Moriarty
ISBN: 9780692856659
Publisher: Robert J Moriarty
Publication: February 23, 2017
Imprint: Robert J Moriarty
Language: English

“Nobody knows anything ... Not one person in the entire motion picture field knows for a certainty what’s going to work. Every time out it’s a guess and, if you’re lucky, an educated one.”

―William Goldman, Adventures in the Screen Trade

As the ongoing worldwide revolution demonstrated by Brexit, the Trump election, the Italian and French elections show, there are no experts; no gurus; only fools pretending to be gurus and experts. These fake experts lead both novice and experienced investors down a primrose path leading to constant losses and despair.

In Nobody Knows Anything Moriarty begins by giving the reader excerpts from the 170 year old classic book on human behavior titled Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay. It's vital that new investors understand that crowd behavior is more important than investment fundamentals or technical analysis. If an investor knows what the mob is doing and understands the mob is always wrong, he or she can profit by doing the opposite.

Other chapters discuss when an investor should sell an investment, why it's vital to understand the bias and agenda of a source and how the concept of deviation and regression to the mean can provide helpful investments tips. In short this book may not make an investor rich but it might prevent him from becoming poor.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

“Nobody knows anything ... Not one person in the entire motion picture field knows for a certainty what’s going to work. Every time out it’s a guess and, if you’re lucky, an educated one.”

―William Goldman, Adventures in the Screen Trade

As the ongoing worldwide revolution demonstrated by Brexit, the Trump election, the Italian and French elections show, there are no experts; no gurus; only fools pretending to be gurus and experts. These fake experts lead both novice and experienced investors down a primrose path leading to constant losses and despair.

In Nobody Knows Anything Moriarty begins by giving the reader excerpts from the 170 year old classic book on human behavior titled Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay. It's vital that new investors understand that crowd behavior is more important than investment fundamentals or technical analysis. If an investor knows what the mob is doing and understands the mob is always wrong, he or she can profit by doing the opposite.

Other chapters discuss when an investor should sell an investment, why it's vital to understand the bias and agenda of a source and how the concept of deviation and regression to the mean can provide helpful investments tips. In short this book may not make an investor rich but it might prevent him from becoming poor.

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