The indomitable investor: why a few succeed in the stock market when everyone else fails

A new approach to investing based on how Wall Street insiders approach the marketThe Indomitable Investor deconstructs the stock market as the public has come to know it and reconstitutes it from the inside out from the perspective of the fortunate few who dominate Wall Street. By revealing how top investors and traders think and act Steven Sears shows the stock market to be an undulating ocean of money, with seasoned investors reading the waves others cannot.Teaching readers to think about the market in radically different ways, The Indomitable Investor shows how to improve returns—and, just as importantly, avoid losses—with disciplines deployed by people who almost always do exactly the opposite of what Wall Street says to do.Laying bare great fallacies, the book explains that non-professional investors wrongly think the stock market is a place to make money, which is what Wall Street wants them to try to do. The Indomitable Investor says otherwise and shows how Wall Street's best investors have a completely different focus.Explains the critical ideas and insights of top traders and investors in language anyone can understand and implementPacked with material rarely shared off Wall Street that is used every day byprofessional investorsIntroduces the 17 most important words on Wall StreetTeaches critical skills, including: How to increase returns by focusing on risk,not potential profits; how to use the stock market's historical patterns to optimize investment decisions; understanding key relationships between stocks and the economy that predict what will happen to stocks and the broader market;how to increase mutual fund returns with an easy adjustment that redirects the bulk of profits to you—not mutual fund companies, and how to analyze information like seasoned investors to move beyond "statement of the obvious" news reports that turn ordinary investors into Dumb MoneyAccessible to readers of all backgrounds, including those with a limited understanding of investing,The Indomitable Investor will change how investors view the stock market, Wall Street, and themselves. INDICE: Chapter 1 Risk 1A Nation of Stock Market Junkies 4Calm Words for Wild Times 7Chapter 2 Greed 13The Hardest Decision 23The Iron Man 24Atlas Doesn’t Shrug 27The Warrior Philosopher 28Like Monkeys at the Zoo 30A Context 32The Danger of Warren Buffett 34The Value of Errors 35Chapter 3 Fear 37The Theory of Contrary Opinion 42Exile on Wall Street 44The Media Is the Message 47Media Misreads Google 49Paulson’s Gamble 50Buffett’s Goldman Trade 53Fading the News 53Chapter 4 The Anatomy of Information 55The Doors of Perception 58Anatomy of Information 60The Future Is Now 63Show Business 66Words Are Weapons 68Trust, but Verify 70Chapter 5 Chaos 81Money Never Sleeps 82Perversities 82The Black Swan’s Calling Card 85Map of the Market 86Don’t Get Skewed 89Apathy and Fear Are Your Friend 90Fear Not Black Swans 91Is MPT MIA or KIA? 92800 Years of Crisis 97Fear Gray Swans 98Chapter 6 Diogenes’ Lantern 103Performance Is Relative 106Death by a Thousand Fees 107Stockbroker Pay 111Hidden Fees 116Beware of New Products 116An Uncomfortable Conversation 117A Funny Aside 118Suitability Requirement 119Fiduciary Standard 120Shakespeare’s Rule 121Appeals to Common Sense 121Trust but Verify 122Active versus Passive Fund Management 125Chapter 7 Cycles 127The Year in Stocks 128Mysterious Repetitions 136Flash Mobs 137History’s Hiccups 138The Economy in Slow Motion 139The Guts of ISM 141Numerical Nuances 142Says Who? Says Goldman Sachs 142Action 148Chapter 8 Behavior 151One Brain: Two Minds 152Maps and Models 154This Is Your Brain Visualizing Money 156Compulsive Gambler 158B. F. Skinner Goes to Wall Street 158The Casino Culture 160Your Own Private Stock Market 162Often Wrong; Never in Doubt 163Illusion of Memory 164Safe Havens in the Age of Madoff 165Illusions 167Victor 169An Antidote for Overconfidence 170Go Slow to Go Fast 172Think Week 173Halosand Angels 173Big Brother Is Studying You 175Big Bank Is Watching You 177Ancient Lessons 178Chapter 9 Watchman, What of the Night? 181The Next Crash 183Misperceptions and Illusions 184Revolving Doors 185Investor Laureate 186A Fox in the Henhouse 187The Tremendous Task 188Sane Money, Not Mad Money 189Repetitionand Velocity 191More Education 192Plain Speaking 192The Cause of Failure 193Virtue 194Ladders 195A Systematic Change 196Flash Crash 198Soft Spots 199Washington 201A Global Problem 202Present at the Creation 204The Illusion of Regulation 205Power 208The Balance of Power 208Acknowledgments 211Notes 215About the Author 225Index 227I must create a system, or be enslaved by another man’s.—William Blake

• ISBN: 978-1-118-11034-8
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 256
• Fecha Publicación: 18/04/2012
• Nº Volúmenes: 1
• Idioma: Inglés