Inside the Mind of the Turtles: How the World's Best Traders Master Risk

by Faith

“I like risk. I embrace risk.” -Turtle trader Curtis Faith Risk is scary, to be sure, but it's a fundamental aspect of the investing world. Without it, profit would not exist. The trick is to accept, anticipate, manage, and mitigate risk. In other words, master it. In Way of the Turtle , Curtis Faith revealed the extraordinarily successful trading system of the now-famous group of investors known as the Turtles. Now, in this highly anticipated follow up to that bestseller, Faith delves deeply into the risk-mastery strategies that made the Turtles the envy of the investing world. Inside the Mind of the Turtles provides expert insight into how great traders combat the natural but counterproductive response to risk. Faith begins by examining the nature of risk and the human being's natural response to it. Then he outlines proven techniques for seizing control of it. You will learn how

Genres: Finance

240 pages, Hardcover

First published January 9, 2009

Reviews

[David · Rating 3 out of 5]

The content is definitely all over the place. That being said, this book is useful when you need to deal with overcoming risk and certain risk biases. This book doesn't focus entirely on trading as it's more of a life lesson. I would still recommend it but I believe his Way of the Turtles would be much more helpful as a trader.

Pros:
Easy read
Some good advice on risk
Interesting, but irrelevant stories

Cons:
Not trading specific
The epilogue sounds like a copy from Neil Degrasse Tyson

[Alvin Lim · Rating 3 out of 5]

"I like risk. I embrace risk." -Turtle trader Curtis Faith

Risk is scary, to be sure, but it's a fundamental aspect of the investing world. Without it, profit would not exist. The trick is to accept, anticipate, manage, and mitigate risk. In other words, "master" it.

In "Way of the Turtle," Curtis Faith revealed the extraordinarily successful trading system of the now-famous

[David Donhoff · Rating 3 out of 5]

Of moderate value... not a waste, but not nearly the meat of Curtis Faith's initial Turtle book.

[Chris Waterford · Rating 2 out of 5]

I was expecting a lot of insights and examples of share trading---but it was a cheap imitation of this---defining over and over again what "risk" means with examples from the medical profession and parachuting---and little from the stock market. Disappointing.

[Xia · Rating 3 out of 5]

Interesting insights and perspectives on dealing with risk in life as a whole

[Michael · Rating 5 out of 5]

A very well written book about what it was really like in the turtle program.

[Javier Villar · Rating 2 out of 5]

Curtis Faith is an exceptional trading author but this isn't his most meritorious work. Anyway, the style is fresh and light.