Noise: How Professional Investors Can Gain The Edge

Noise is a term that is commonly used in the investment industry to refer to a mild irritant, something inconsequential that is best ignored. This book takes an entirely different view. Noise is the set of disturbances, interferences and disruptions that undermines your ability to function at an optimal level as a professional investor. Noise creates disorder in the contents of your consciousness. Noise toxifies your professional relationships, and it wreaks havoc with your investment results. Noise destroys. This is illustrated with examples drawn from the experiences of the world’s greatest professional investors, including: Ray Dalio (Bridgewater Associates); Warren Buffett (Berkshire Hathaway); George Soros (Soros Fund Management); Stanley Druckenmiller (Soros Fund Management); Dawn Fitzpatrick (O'Connor Associates); Michael Steinhardt (Steinhardt Partners); Julian Robertson (Tiger Management). This book will help you do three things: Understand Noise - You will deepen your understanding of the nature of noise; Manage Noise - You will learn how to quickly reduce the impact of noise; Exploit Noise - You will gain the edge on your competitors.