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The Pitchman Chapter Summaries

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COMPARING THE SALES AND THE INVESTMENTS IN STOCK MARKETS
Anyone reading this book will say it is a very tedious and complex book to read by cause of the numerous stories that appear. This essay discusses the phenomenon “the art of selling products” based on the chapter 1 “The pitchman” and “investments in stock markets” based on the chapter 3: “Blowing up” in Gladwell’s book “What the dog saw”. A comparison will be made between the art of selling a product and the investments that are made in stock markets based on these two interesting chapters.
Gladwell writes in “The pitchman” about the story of Ron Popeil, who created and sold “Showtime Rotisserie and BBQ”. Popeil had a revolutionary method or art of selling his product, which was primarily …show more content…

Victor Niederhoffer is a successful money manager. One day, Taleb took a trip to see Niederhoffer. They explore each other similarities and differences and they came up with the idea that Niederhoffer has made his fortune on the assumption that events happen according to predictable patterns. Taleb doesn’t think the same way and he discusses how the stock market can’t be explained by a normal statistical distribution. He thinks investors succeed because they panic, copy each other’s actions, and they really act outside of the rules of math. They think differently mainly because they work in different job …show more content…

It refers to an economic system where the prices for goods and services are set freely by the actors of supply and demand and are allowed to reach their point of equilibrium without the intervention of the government policy.
And last, the socialist market economy, widely known because is the economic model employed by China. It is based on the dominance of the state-owned sector and an open-market economy. Despite this, the system has widely been cited as a form of state capitalism.
Secondly, big companies buy and sell shares in another type of market, different from the one previously mentioned, that market moves big amounts of money in it, it is called a stock market. The stock market is one of the most vital components of a free-market economy. Also, this market makes it possible to grow small initial sums of money into large ones, and to become wealthy without taking the risk of starting a business or making the sacrifices that often accompany a high-paying

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