“The Labyrinth of Illusions” – my book on financial markets and human psychology.
Contents:
- The Market as Chance: Shattered Expectations
- Enchanted with the Wrong Questions
- Behind the Price
- Volatility as a Thing in Itself
- The Dangerous Allure of Historical Data
- The Sources of Profitability: Who Pays for Success?
- The Market as a Business: The Elements of the Plan
- The Source of Inefficiency and the Labyrinth of Illusions
- The Learned Helplessness of Managed Reality
- Chasing Luck: A Business or a Lottery?
- In the Depths of the Psyche: The Invisible Roots of the Labyrinth
- Behavioral Biases and Vicious Cycles
- The Investor and the Market: An Imperfect Relationship
- The Question of Motivation: The Power of Misguided Goals
- The Infosphere: Magical Helpers from Fairyland
- Success Stories: Siren Songs
- The Trap of Overcomplexity
- Effects of the Labyrinth and Emotional Markers
- The Emotional Structure of the Price Cycle
- Quasi-Assets: A Multicolored Narrative
- Behavioral Advantage: The Key to Efficiency
- Illusion Control in Practice
- Adjusting Your Sights: Shifting Emphasis
- Independence and Room to Maneuver
- What Is Risk?
- The Frame of Restrictions: The Breaking Point
- In Search of Strong Assumptions
- The Many Faces of Price Distortion
- What Next?
- Money Management: New Challenges