Using Investor Behavior and Trend Analysis to Forecast Market Movement
by Richard Lehman
"An overdue book. Lehman's persistent wisdom puts investors on the right path to understanding how markets do and do not behave."
"By dissecting human behavior, investor psychology, and historic market action, Richard Lehman unequivocally proves that the market moves in well-defined, often predictable patterns. In Far From Random, he demonstrates a new, simple way to really beat the market. As we noted over the years, 'Random Walkers, eat your hearts out!'"
"As someone who has spent a career as a self-described behavioral scientist, I have found Far From Random to be highly congruent with my own experience on what actually drives consumer or, in this case, investor preference and decision making. While I still believe fundamental market analysis may serve as a valuable frame to understand and assess markets and stocks, the reality is, that on its own, it often falls short in forming a comprehensive and accurate strategy for investing.
In my opinion, Lehman's focus on behavior finance inclusive of technical and trend channel analysis adds a significant dimension to both the theory and practical application of investing. Importantly, the concepts and their applications can be applied with relative ease and used to form the basis for a structured ...