takes aim at the most perniciously pervasive academic precepts, money management canards, market myths and investor errors. Like so many ducks in a shooting gallery, Schwager picks them off, one at a time, revealing the truth about many of the fallacious assumptions, theories, and beliefs at the core of investment theory and practice. * A compilation of the most insidious, fundamental investment errors the author has observed over his long and distinguished career in the markets * Brings to light the fallacies underlying many widely held academic precepts, professional money management methodologies, and investment behaviors * A sobering dose of real-world insight for investment professionals and a highly readable source of information and guidance for general readers interested in investment, trading, and finance * Spans both traditional and alternative investment classes, covering both basic and advanced topics * As in his best-selling Market Wizard series, Schwager manages the trick of covering material that is pertinent to professionals, yet writing in a style that is clear and accessible to the layman