Market Sense and Nonsense: How the Markets Really Work (and How They Don't) Vendor Code_C011 You know what it's like

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THE TOP 5 SUNDAY TIMES BESTSELLERONE OF BARACK OBAMA'S BEST BOOKS OF 2019THE TIMES HISTORY BOOK OF THE YEARFINALIST FOR THE CUNDILL HISTORY PRIZE 2020LONGLISTED FOR THE BAILLIE GIFFORD PRIZE FOR NON-FICTION 2019A FINANCIAL TIMES

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Market Sense and Nonsense: How the Markets Really Work (and How They Don't) Vendor Code_C011 You know what it's likeWhen it comes to investment models and theories of how markets work, convenience usually trumps reality. The simple fact is that many revered investment theories and market models are flatly wrongthat is, if we insist that they work in the real world. Unfounded assumptions, erroneous theories, unrealistic models, cognitive biases, emotional foibles, and unsubstantiated beliefs all combine to lead investors astrayprofessionals as well as novices. In