The axioms of stock speculation, also known as the “Swiss axioms,” are a set of 12 main and 16 supporting inalterable rules that any exchange player must remember, no matter what market they work in: stocks, currency, or commodities. They contain no descriptions of complex mathematical models or strategies. Instead, the author discusses the market in detail, convincingly and honestly, through the lens of the specific features of human behavior. He reveals to the reader the basic motives behind traders’ actions, calling things by their proper names—gambling, greed, superstition, etc. Using this knowledge to gain financial profit (or to avoid unnecessary losses) is exactly the result that adherence to the axioms makes it possible to achieve.
Across the entire audio book, one theme runs like a red thread: risk and how to manage it, because risk is an inalienable attribute of stock exchange games.
The audio book can be considered practical psychology guidance for today’s and future traders; it also includes rational advice and conclusions that help account for the human factor and reconsider your own attitude toward stock market risks when forming your trading strategies.