Description How to survive the investment jungle, as told by legendary investor André Kostolany. Kostolany was never satisfied with simply knowing all the data of the stock market. For him, 'illusion' remained the engine of successful investing and prediction. That is why he despised organized speculation and the computers of the stock exchange—because they lacked illusion. Things that are human, all too human, sometimes steer the movements of the stock market and even go beyond them. Explaining this is the core aim of this book. Table of Contents Lecture One – The Stock Market Is 90 Percent Psychology Lecture Two – The Allure of Money Hold Cash Kostolany, the 'Enemy of the State' Stop Talking About Money and Interest Debtors and Beggars Lecture Three – The Ignorant Masses The Logic of the Stock Market Differs from the Logic of Everyday Life When Prices Rise, People Flock In; When Prices Fall, People Flee Lecture Four – Panic: An Example of Mass Psychology Gorbachev's Bull Market Can Computers Invest? Lecture Five – On Prophets, Professors, and Self-Proclaimed Gurus A Misnomer: Junk Bonds of Venture Companies People Don't Trust Gurus, and Don't Care What They Say Lecture Six – The Stock Market and the Rest of the World Investment Comes First, Then Music The Politicized Stock Market The Red Bicycle When Stock Investing Becomes the 'Talk of the Town' Lecture Seven – My Stock Market Zoo Bears and Bulls A Very Peculiar Breed: The Investor Lecture Eight – Entrepreneurs, Clients, and Other Slavs Big Corporations and Me Stories of Businessmen The Client Is the Enemy Lecture Nine – Small-Scale Stock Market Psychology: Superstition, Idolatry, and Gambling Addiction The Stock Market and Roulette—They're All Games People Win and People Lose Stock Market Addicts Lecture Ten – The Value of Foolish People The Overly Clever There Are Learned Fools Too IOS and Me – From the Foolish History of Mankind Lecture Eleven – No Two Stock Markets Are Alike Final Conversation – My Three Careers The Jewish Temperament I Inherited Bow Tie and Monocle One Doesn't Have to Be Rich—One Should Be Free About the Author Author: André Kostolany Born in 1906 as the son of a wealthy businessman, he was drawn to literature and the arts from an early age. Aiming to become an art critic, he studied philosophy and art history at university, but ultimately found success as an investor on the Paris stock exchange starting in 1920. Until his passing in September 1999, he lived in cities such as Paris, Munich, and the Côte d'Azur, working as a bestselling author and a popular columnist for the financial magazine Capital. Translator: Jeong Jin-sang Holds a master's and doctoral degree in economics from the University of Hamburg, Germany. He currently serves as a professor in the Department of International Economics at Sun Moon University, as well as Managing Director of the Korean-German Society of Economics and Business Administration and Vice President of the Korean-German Economic Association. His works include Regional Economic Development in Korea, Northeast Asian Economics, and Principles of Economics, and his translations include The Worldly Philosophers.