Investment Catch-Phrase Fallacy: The New Risks of Traditional Investing

[stillingame 10]

The Author Andrew Dean Hyder runs a hedge fund (unnamed) that did an amazing 58% in 2008. It was a very insightful book that struck a chord with me because of my increasing aversion of traditional investment philosophy. This book beats down many of those investing ideas that we believe just because we hear them a lot. I found this book on lulu.com and although it is only 60 pages it was well worth the $14. Actually the download was only $6. While I lost probably as much as anybody in 2008 this guy uses a "cost-average hedge" combined with a "qubitrage" (forecasting) methodology that really seems to be working for the fund. Also the author introduces the "Scar Ratio" which is the Simple-to-Compound-Accelerated-Returns of a portfolio or investment style. Not a bad read in my opinion, especially for the money.