Jim Paul

Brendan Moynihan

Presents a serious psychological analysis of a trader Explains the three biggest mistakes made by traders investors, how to avoid them, which pattern all losses take, and why the most important factor in trading successfully is not losing.

What I Learned Losing a Million Dollars

Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all--his fortune, his reputation, and his job--in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book--winner of a 2014 Axiom Business Book award gold medal--begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it--primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

An escaped wild parrot, a gift from his father, becomes the catalyst for drawing reclusive poet David Huntington back into the world, where he meets Fern, a lovely scientist with her own interest in the bird.

Elsewhere in the Land of Parrots

In the dark forests of medieveal Europe, runes--symbols inscribed on jewelry, tools, weapons, and boundary stones--served as talismans in a mysterious time. The Rune Poem, originally wirtten in Anglo-Saxon during the early Middle Ages, gives modern-day romantics, medieval history enthusiasts, and spiritual seekers an alphabet verse for these ancient mystical inscriptions. 40 color illustrations.

Wisdom's Fulfillment, Prophecy's Reach

The Rune Poem

As two modern-day men attempt to build a medieval siege engine or catapult, the author offers an imaginative, introspective reflection on the nature of war, the history of weaponry, and the nature of friendship

Harry and I Build a Siege Weapon

Catapult

An escaped wild parrot named Wittgenstein, a gift from his father, becomes the catalyst for drawing reclusive poet David Huntington back into the world as he follows it to Telegraph Hill and then to South America, where he meets Fern, a lovely American scientist with her own personal interest in the bird. Reprint. 20,000 first printing.

The reflections of figures from philosophy and the arts serve to illuminate life in contemporary Los Angeles

Jim Paul

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