{"product_id":"2940150951310","title":"Themes in Investing","description":"This book covers my recent investing experiences, some good and some bad. All my investment decisions are based on educated guesses. They're not after-the-fact facts which would do us no good in making money. However past experiences will give us better education for the next guesses. In general, the better the education, the better chance the guess will materialize.\u003cbr\u003e\u003cbr\u003eLooking for the next theme could be very profitable and sometimes protective. The recent theme is seeking the bottom of oil price. I have four purchases making over 20% each and astronomically annualized returns. I have about 50% in cash before the August, 2015 market correction. \u003cbr\u003e\u003cbr\u003eAll the themes are educated guesses and I do not expect all to be materialized. However, in the long run, we should have more wins than losses.\u003cbr\u003e \u003cbr\u003eThe market is not always rational. Hence, the best educated guesses may not materialize. That's why do not bet everything on one guess as illustrated in my first section Risk Tolerance. \u003cbr\u003e\u003cbr\u003eThe average of the loss of the last two market crashes is about 45% from their peaks. It is the main theme in this book and I allocate a good portion of this book to this theme. I also debunk the myth of \"you cannot time the market\".\u003cbr\u003e\u003cbr\u003eEach theme is described with my result and then backed up with techniques and\/or theories behind them.","brand":"Tony Pow","offers":[{"title":"Default Title","offer_id":47073573077232,"sku":"2940150951310","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940150951310_p0.jpg?v=1763755904","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940150951310","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}