“Money Without Fools” serves at the same time as a textbook for beginner investors, a guide for traders, and an introduction to the world of behavioral finance. The author, Alexander Silaev—who has practical experience trading in the market and a rational way of thinking—offers a fresh perspective on investing. The edition presents an objective analysis of financial markets and a detailed description of tools available to individual investors, such as currencies, gold, deposits, bonds, loans, shares of different types, structured products, mutual funds (PIFs), trust management, various kinds of trading, and much more. Silaev explains how and where investors can suffer losses and reveals the secrets and tactics of professional market participants. The author argues that if he had had a book like this in 2010, when he was just starting out, it would have helped him avoid significant financial losses and save a lot of time.