14 Bernstein, Peter L. (August 31, 1998). Against the Gods: The Remarkable Story of Risk. Wiley.
15 Wikipedia. Gambler’s Ruin. Retrieved from https://en.wikipedia.org/wiki/Gambler%27s_ruin
16 Bernstein, Peter L. (1998). Against the Gods: The Remarkable Story of Risk (p. 14). Wiley.
17 History of probability—Wikipedia, the free encyclopedia. (n.d.). Retrieved from https://en.wikipedia.org/wiki/History_of_probability
18 Wikipedia. Stochastic. Retrieved from https://en.wikipedia.org/wiki/Stochastic
CHAPTER 5
19 Godin, Seth (April 26, 2011), Linchpin: Are You Indispensable? Paperback
20 Macdonald, Toby (2014). How do we really make decisions? Retrieved from http://www.bbc.com/news/science-environment-26258662
21 For a complete list of possible human misjudgments, I highly suggest to study and research the list included in “Seeking Wisdom: From Darwin to Munger, 3rd Edition” by Peter Bevelin. An excellent book that contains many more cognitive biases relevant to money management and investing.
22 Munger, Charlie (1995). Speech entitled Psychology of Human Misjudgement. Harvard University.
23 Chatzky, Jean (2015). Why women are better investors than men. Retrieved from http://fortune.com/2015/04/10/why-women-are-better-investors-than-men/
24 Pilling, David (2009). Japan’s fearless women speculators. Retrieved from https://next.ft.com/content/6c1a6eb2-fc8b-11dd-aed8-000077b07658
CHAPTER 6
25 Marriage, Madison (2016). 86% of active equity funds underperform. Retrieved from https://next.ft.com/content/e555d83a-ed28-11e5-888e-2eadd5fbc4a4
26 Arjun, Kharpal (2015). Deutsche Bank to shed 35,000 jobs, exit 10 countries. Retrieved from http://www.cnbc.com/2015/10/29/deutsche-bank-reports-q3-net-loss-of-60b-euros-barclays-h1-pre-tax-profit-398b.html
27 Gara, Antoine (2016). Compensation At Goldman Sachs Rises 5% Even As Profits Tumble 71%. Retrieved from http://www.forbes.com/sites/antoinegara/2016/01/20/compensation-at-goldman-sachs-rises-5-even-as-profits-tumble-71/#12d803537c92
28 Nakamura, Yuji (2016). The Tokyo Whale Is Quietly Buying Up Huge Stakes in Japan Inc. Retrieved from http://www.bloomberg.com/news/articles/2016-04-24/the-tokyo-whale-is-quietly-buying-up-huge-stakes-in-japan-inc
29 Lynch, Peter (April 3, 2000). One Up On Wall Street: How To Use What You Already Know To Make Money In The Market – Simon & Schuster Paperback, p. 242.
30 Ponzio, Joel (2009). F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us. Adams Media, p. 13.
31 Ponzio, Joel (2009). F Wall Street: Joe Ponzio's No-Nonsense Approach to Value Investing For the Rest of Us. Adams Media, p. 17.
CHAPTER 7
32 Gabelli, Mario J (2000).The History of Hedge Funds—The Millionaire's Club. Retrieved from http://www.gabelli.com/news/mario-hedge_102500.html
33 Poundstone, William (2006). Fortune’s Formula (p. 172). Hill and Wang. Kindle Edition.
34 Poundstone, William (2006). Fortune’s Formula (p. 82). Hill and Wang. Kindle Edition.
35 Poundstone, William (2006). Fortune’s Formula (2669). Hill and Wang. Kindle Edition.
36 Lati, Rob (2009). The Real Story of Trading Software Espionage, AdvancedTrading.com,
37 Investopedia, What is ‘Tail Risk'. Retrieved from http://www.investopedia.com/terms/t/tailrisk.asp
CHAPTER 8
38 Patel, Sital S. (2013). Madoff: Don’t let Wall Street scam you, like I did. Retrieved from http://www.marketwatch.com/story/madoff-dont-let-wall-street-scam-you-like-i-did-2013-06-05?page=2
39 Wikipedia. Confidence Trick. Retrieved from https://en.wikipedia.org/wiki/Confidence_trick
40 Bio. Charles Ponzi Biography. Retrieved from http://www.biography.com/people/charles-ponzi-20650909#early-scams
41 Hays, Constance L. (July 2004). Martha Stewart's Sentence: The Overview. Retrieved from http://www.nytimes.com/2004/07/17/business/martha-stewart-s-sentence-overview-5-months-jail-stewart-vows-ll-be-back.html?_r=0
42 U.S. Securities and Exchange Commission. Retrieved from https://www.sec.gov/answers/insider.htm
43 Concise Oxford English Dictionary
44 Wikipedia. 2003 mutual fund scandal. Retrieved from https://en.wikipedia.org/wiki/2003_mutual_fund_scandal#cite_note-2
45 Wikipedia. Market Manipulation. Retrieved from https://en.wikipedia.org/wiki/Market_manipulation
46 Task, Aaron, Executive Editor, The Street.com. Interview with James Cramer. Wall St. Confidential: Cramer on Games Hedge Funds Play
47 Masters, Brooke (2012). Banks’ Libor costs may hit $22bn. Retrieved from https://next.ft.com/content/0231ace4-cc1d-11e1-839a-00144feabdc0
CHAPTER 9
48 Smith, Greg (2012). Why I Left Goldman Sachs: A Wall Street Story (Kindle Locations 2917-2919). Grand Central Publishing. Kindle Edition.
49 Smith, Greg (2012). Why I Left Goldman Sachs: A Wall Street Story. Grand Central Publishing. Kindle Edition.
50 Stewart, James B. Den of Thieves (p. 101). Simon & Schuster. Kindle Edition.
51 Stewart, James B. Den of Thieves (p. 105). Simon & Schuster. Kindle Edition.
52 Paltrow, Scot J. (1990). Sobbing Milken Pleads Guilty to Six Felonies. Retrieved from http://articles.latimes.com/1990-04-25/news/mn-322_1_michael-milken
53 Michael Moore (2011), “I think historians when they look at this time, they’re going to wonder why the wealthy overplayed their hand like this”. His comments during an appearance on MSNBC’s.
54 William D. Cohan. Money and Power (2012). Knopf Doubleday Publishing Group. Kindle Edition.
55 CBSNews (2008).Spitzer Spent Up To $80,000 On Call Girls. Retrieved from http://www.cbsnews.com/news/spitzer-spent-up-to-80000-on-call-girls/
APPENDIX I
56 Haeber, Jonathon (2007). Japan's Palace Grounds Once More Valuable than California. Retrieved from http://www.cbsnews.com/news/japans-palace-grounds-once-more-valuable-than-california/
57 Chappatta, Brian (2016). The $100 Trillion Bond Market’s Got Bigger Concerns Than Brexit. Retrieved from http://www.bloomberg.com/news/articles/2016-06-26/the-100-trillion-bond-market-s-got-bigger-concerns-than-brexit
58 Karr, Robert (2016). BlackRock Is Expected to See Growth from ETFs and Active Business. Retrieved from http://marketrealist.com/2016/06/blackrock-is-expected-to-see-growth-from-etfs-and-active-business/
APPENDIX II
59 López de Gómara, Francisco (1943). Historia de la Conquista de Mexico, vol. 1, ed. D. Joaquin Ramirez Cabañes (Mexico City: Editorial Pedro Robredo, p. 106).
GLOSSARY
Source: Wikipedia and Investopedia, available under a Creative Commons Attribution-Noncommercial license.
Modern Investing Page 17
