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Anonymous

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Overly Germany-pessimistic but really good

Overall
4 out of 5 stars
Performance
5 out of 5 stars
Story
4 out of 5 stars

Reviewed: 08-07-19

Biased towards German hopelessness, for example when first allocating a considerable portion of the book to explaining why and how 1941's Barbarossa constituted the only hope of the Wehrmacht of dealing a decisive blow to the Red Army (due to among many other things the unsustainability of the truck situation and therefore German mobility) the author then continues to criticize the generals for giving it their all. The inconsistency of this narrative leads me to guess that anti-German bias is present in the author's work. Otherwise really detailed and great in its presentation of the battle. Also, the way Guderian is portrayed as unprofessional and rude while this is completely absent in the work of many others, only reinforces my doubts about the complete impartiality of the author. top notch book despite these shortcomings.

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Disappointing compared to Hedge Fund Market Wizard

Overall
3 out of 5 stars
Performance
3 out of 5 stars
Story
2 out of 5 stars

Reviewed: 18-02-19

The author later wrote the Hedge Fund Market Wizards which I thought was pretty good... compelling me to read this earlier work of his... I have to say that this book was not nearly as good. In what way? Well this book reads more like the nonsensical ramblings of a compulsive gambler whereas the Hedge Fund book was more rational and recognized the inefficiencies being exploited by traders. Instead I feel that this older book is implying that "intuition" has value in trading. The appearance of AI and machine learning methods, neural networks etc. has entirely eradicated whatever edge human "intuition" could have provided... in truth, I very much doubt that such an edge ever existed. The whole concept of "intuitive-trader" reeks of justification of either deliberate fraud or gambling compulsion.

The fact that this book was written before the emergence of AI, renders this book obsolete in contrast to the authors' more recent book, which is actually quite pertinent. My respect to the author for the uncommonly rational shift in paradigm. I advice throwing this book out, especially its notions of trading by intuition or dream-interpretation, and replacing it with the new one: "Hedge Fund Market Wizards".

Awesome book, annoying pronouncion

Overall
4 out of 5 stars
Performance
2 out of 5 stars
Story
4 out of 5 stars

Reviewed: 13-02-19

Truly serious trade ideas which was pleasantly surprising... some traders though, were obviously coming up with post-trade fancy explanations for their strategy which makes me wonder if their success could be of the Madoff variety 😉