Book description
STAY A STEP AHEAD OF THE MARKETS BY REJECTING GUESSES ABOUT THE FUTURE AND TRUSTING TECHNIQUES THAT WORK
Today there are as many investment opinions as there are people. But as many a scorned investor can attest, predicting the future isn't easy. In fact, Being Right or Making Money, Third Edition explains that reliably predicting the future is often not even possible. The good news is that it isn't necessary either. Once you stop trying so hard to be right about the future, you can start making money.
Being Right or Making Money, Third Edition contains a position trading strategy that any serious investor will want to keep nearby. Using the unbiased, objective standard in this book, you can stay on-target for profit in all market conditions. You'll learn how to create asset allocation models in both stocks and bonds, how to make sense out of contrarian opinion, and how to use indicators to keep you focused, no matter what.
You won't find any shock-and-awe investing tactics in this book. Instead, Being Right or Making Money, Third Edition presents the solid trading model that has made Ned Davis Research Group a go-to source for market wisdom.
Table of contents
- Foreword
- Preface
- Acknowledgments
-
Chapter 1: Being Right or Making Money
- Bad News about Forecasting (Being Right)
- Good News about Making Money
- Being Right and Other Investment Techniques Are Overrated and Are Not the Keys to Success
- The Four Real Keys to Making Money
- The Battle for Investment Survival and Handling Mistakes
- Stories of Five Successful Winners
- Making Our Own Reality
- The Ned Davis Research Response to All This
- Timing Models
- What Is Contrary Opinion and How to Use It
- History and Risk Management
- The Rest of the Book
- Notes
- Chapter 2: The Model-Building Process
- Chapter 3: A Stock Market Model
- Chapter 4: A Simple Model for Bonds
-
Chapter 5: Potential Bear Market in 2014; Bearish Secular Residue and Then Buying Opportunity
- Preparing for a (Say, 20 Percent) Bear Market
- Sentiment and Valuation Indicators, If One Wanted to Be Bearish
- Other Sentiment Indicators
- Valuation Problems
- Trend Indicators to Plan for a Potential Pullback—Follow the Leaders
- More Leading Indicators of Market Peaks
- Four-Year Presidential Cycle Risks
- Macro Backdrop: Debt Bubble Update
- Watching Fed Policy to Prepare for a Major Pullback in 2014
- What Do Demographics Say?
- Chapter 6: The Aging World: Economic and Market Implications
-
Chapter 7: United States Energy Independence—A Game-Changer
- What the United States Consumes
- The Thorn in the Side of Energy Independence—Oil and Transportation
- Choosing the Right Fuel
- Why Electric Could Be a Game-Changer
- Why Electric Has Yet to Take Off
- How Far Ned Could Go
- Nat Gas—An Indirect Play on Electric
- The Immediate Impact of Abundant U.S. Energy Resources
- A Potential Headache for the U.S. Manufacturing Resurgence
- Conclusion
- About the Author
- About the Contributors
- Index
- End User License Agreement
Product information
- Title: Being Right or Making Money, 3rd Edition
- Author(s):
- Release date: October 2014
- Publisher(s): Wiley
- ISBN: 9781118992067
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