---
product_id: 5849989
title: "What I Learned Losing a Million Dollars"
brand: "jim paulbrendan moynihanpatrick lawlorjack schwager - forewordaudible studios"
price: "€ 46.22"
currency: EUR
in_stock: true
reviews_count: 9
url: https://www.desertcart.it/products/5849989-what-i-learned-losing-a-million-dollars
store_origin: IT
region: Italy
---

# What I Learned Losing a Million Dollars

**Brand:** jim paulbrendan moynihanpatrick lawlorjack schwager - forewordaudible studios
**Price:** € 46.22
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** What I Learned Losing a Million Dollars by jim paulbrendan moynihanpatrick lawlorjack schwager - forewordaudible studios
- **How much does it cost?** € 46.22 with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.it](https://www.desertcart.it/products/5849989-what-i-learned-losing-a-million-dollars)

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- jim paulbrendan moynihanpatrick lawlorjack schwager - forewordaudible studios enthusiasts

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## Description

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## Customer Reviews

### ⭐⭐⭐⭐⭐ 5.0 out of 5 stars







  
  
    Planning and Decision-Making
  

*by D***S on Reviewed in the United States on May 30, 2009*

This book provides a great narrative. It is one of the best books I have ever read. The author describes his horrifying loss in detail of $1.6 million in bean oil trading in the commodities market. He also shares some great stories from his younger life in high school, college, and post-graduate life regarding luck. The end of the book includes him reflecting on what went wrong and provides helpful tips that you can use in ANY business. In short, you must have a plan with an entry point, exit point, and time frame. This plan must be decided on BEFORE you do something. If you make the decision afterward, then you are subject to emotional decision-making because you're already involved. The worst losses come from personalizing them, or making them reflect on your self-image. Losses are a part of every business, and you just have to let your predetermined exit strategy or stop-loss plan run its course so you can leave the market without letting the loss get bigger.The author also mentions some real life people who messed up by personalizing their business activities. These people include Henry Ford and Steve Jobs, who messed up a company called NeXT before he returned to Apple. A person who was held up as a positive example was Roberto Goizueta, the man who returned the classic formula to Coca Cola after the "New Coke" failed. He did not take the failure of New Coke as a personal loss, so he was able to succeed.Also note that the author whose life the book revolves around, Jim Paul, was tragically killed on September 11th when he was in the World Trade Center. That was a horrifying day for many people. May God help us.

### ⭐⭐⭐⭐ 4.0 out of 5 stars







  
  
    How not to lose is more important than how to win
  

*by T***I on Reviewed in the United States on February 4, 2017*

This is a valuable and insightful book.  It approaches the problem of making money in the stock market opposite from the usual direction--A philosophy of how not to lose money.Initially winning in the stock market is perhaps more dangerous than losing because it is natural to feel that you have won due to skill or insight, rather than luck or happening to enter the market during favorable conditions.  The author describes a process to help the investor avoid losing which is simple to implement.Assumptions:  It is always good to look for underlying assumptions!1) The author assumes you also have a strategy for winning, and that there are many winning strategies that may be conflicting, but which can all work when conditions are right for them.  This may be true.2) The author assumes that the market will have ups and downs, sometimes dramatic ones, but that it will continue more or less as it has been for over a hundred years.  This might not be true.It is unclear to what extent the increasing computerization of market actions, hidden market activities such as dark pool investing, and the increase in nationally sponsored arbitrage and large player collusions will affect the risk of investing.For example, you may have a good strategy to win in the market and may have learned how not to lose  from this book-- But if your money has been invested with some future broker equivalent of a Jon Corzine, your account may be diverted and squandered illegally and without your knowledge and, if your broker (like Corzine) has the right political connections, he will never be prosecuted and you will never get your money back.  Maybe these issues are beyond the scope of this book, but it would have been helpful to have a small discussion in it of the role of various types of market rigging, and how to detect and avoid them.Bottom line--I liked this very readable book, and feel it will help me in future investing!

### ⭐⭐⭐⭐⭐ 5.0 out of 5 stars







  
  
    Behavioral economics before anyone coined the term
  

*by R***N on Reviewed in the United States on March 23, 2024*

Behavioral economics before the field was truly formed. A nice application of psychology and personal insight. Well worth the read.

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*Product available on Desertcart Italy*
*Store origin: IT*
*Last updated: 2026-03-13*