A book introducing a set of financial speculation principles developed by a group of Swiss investors. The axioms emphasize calculated risk-taking, managing greed, knowing when to exit investments, avoiding long-term commitments, and acknowledging the role of luck and chance. They caution against relying on market predictions or seeking magical formulas for success, arguing that financial markets are inherently chaotic and unpredictable. In essence, the Zurich Axioms advocate for a pragmatic and disciplined approach to speculation, grounded in risk management and self-awareness, hosted by Roger Gonzalez with commentary from Paula Navarro, providing further discussions.
Dec 20 202430 mins