John wiley & sons inc Being right or making money 3e (John Wiley & Sons Inc)

This book is about the four common traits of successful money managers. Bringing the Ned Davis Research Group's insights and experience to the table, it's a dissection of what contributed to the stock market bubble of 2000 and a no-nonsense look into what is moving our economy right now. The economy model building process and analyses of stock and bond market timing are discussed in depth. According to Ned Davis, the business of speculating is largely psychological. As he states: "In case we are being swept up żeby the crowd or in case our own reality becomes badly distorted, what we need is an unbiased, objective standard that will weigh the evidence and pass judgment devoid of emotionalism." The overall composition of this book is tuned more for a position trader rather than a pure day trader. You won't find exercises to hone your entry skills, but the wisdom and market insight are like vitamins that will keep you focused and on-target for profits. No matter what your trading goals are, this book will keep you pointed in the right direction.