Acknowledgments

One of the first—and hardest—lessons that individuals must learn if they want to be successful traders or investors is how little they know—and how much they actually need to understand—about the complex and often illogical world of financial markets. For a lucky few, sometimes all it takes is the bruising and battering resulting from some early, but less-than-catastrophic, mistakes and misjudgments that sets them on the path to fast-track enlightenment. For most people, though, it is a combination of years of hard-knocks experience and volumes of second-hand wisdom—passed down from astute observers and seasoned veterans—that eventually turns the light bulb on. In my case, it is the latter that applies.

Nonetheless, I consider ...

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