The Zurich Axioms has ratings and 53 reviews. Ricardo said: Para ser sincero eu esperava mais. É um livro muito comentado e respeitado entre os peque. 18 Jan The Zurich Axioms. The rules of risk and reward used by generations of Swiss bankers. By Max Gunther. Cover of The Zurich Axioms. 1 Jul Max Gunther’s “The Zurich Axioms” is aimed at investors but also offers valuable insights and rules of thumb for entrepreneurs.

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Often the best time to buy something is when nobody else wants it This seemingly simple formula is amazingly difficult to put into practice.

A Summary of Max Gunther’s “The Zurich Axioms” for Entrepreneurs – SKMurphy, Inc.

Common sense rules to speculating This is an excellent book for anyone who is serious about investing or to put it more accurately, speculating. But since I cannot see or control all the random events that will affect what happens to my money, I know that the chance of my being wrong is large.

Instead, stay light on your feet. Amazon Inspire Digital Educational Resources. Amazon Restaurants Food delivery from local restaurants. This makes the book much more realistic because there are example of people who began with nothing, and now they have fortunes just by investing, managing, risking and, of course enjoying what they do.

Email required Address never made public. There’s a problem loading this menu right now. There are some sound points, but mostly many ideas are wrong and could be risky indeed if following them. Published 5 months the zurich axioms by max gunther. My personal rule of thumb is to have no more than four going at any one time, and most often I keep the number to three or less. They take trades that are low risk and low reward, when there are plenty of slightly higher risk and much higher reward trades available on a the zurich axioms by max gunther basis.


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Book Review of The Zurich Axioms by Max Gunther

Do not accept what someone tells you for what you have directly observed. For me, the effort to do that extra research or keep that additional bias in my head would be better spent just focusing on the present market. Up above you and ahead of you somewhere is the peak, and on the other side is a sheer drop to disaster. History may or may not repeat. Write a customer review.

This book has distilled wisdom from the vast experience of swiss origin speculators in the financial markets – a very stringent litmus test, I must say. But to seek escape from that worry by leaning on predictions is a formula for poverty. Never hesitate to abandon a venture if something more attractive comes into view. Professional The zurich axioms by max gunther “If you have got the price the zurich axioms by max gunther this book, stake it.

No such thing as a sure thing. When the author mixes the two, investment is like gamble. Blog Statshits.

Unsourced material may be challenged and removed. By being willing to face it, you give yourself the only realistic chance you have of rising above the great unrich. Beware the correlation and causality delusions The human mind is an order-seeking organ. When things go wrong — which is the zurich axioms by max gunther — you can be driven to near-panic as one problem after another presents itself.

Assume you will need to re-tool once you have located a real need in the market and have learned more than you knew when you first launched. The ending thus becomes associated with an actual event, something concrete to look forward to.


While you don’t see theorems or monte carlo simulations of these rules, these are extremely the zurich axioms by max gunther heuristics which have survived the harshest test of them all – that of time in one of the most dog eat dog environment – financial markets.

Max Gunther was the sun of a Swiss original speculator who devised the Axioms who has made his first capital gain at the age of It is a mistake to let yourself get too attached to any venture in which your capital is invested.

It tells you to get away promptly. Aug 20, Zeca rated it it was ok.

Expect winning streaks to be short. The minor axioms for risk talk about always play for meaningful stakes and resisting the allure of diversification.

Your intuition can be trusted if it can be explained. Return to Book Page. Always play for meaningful stakes The only way to beat the system the zurich axioms by max gunther to play for meaningful stakes. On Planning Long-range plans engender the dangerous belief that the future is under control. The Battle for Investment Survival. Pessimism applied constructively can increase your confidence by enabling the team to identify and mitigate potential risks and failures.

Periodically evaluate all that you have invested in. The Second Major Axiom: Leave a Reply Cancel reply Enter your comment here