Books For Traders
June 2011
- The Big Investment Lie: What Your Financial Advisor Doesn’t Want You to Know
- Big Wave Surfing: Extreme Technology Development, Management, Marketing & Investing
- Candlestick Profits: Eliminating Emotions
- Financial Origami: How The Wall Street Model Broke
- Jimmy Stewart Is Dead
- Super Boom: Why The Dow Will Hit 38,820 And How You Can Profit From It
The Big Investment Lie: What Your Financial Advisor Doesn’t Want You to Know
(298 pages, $24.95 hardcover, 2007, ISBN 978-1-57675-407-8) by Michael Edesess, published by Berrett-Koehler Publishers.
The investment advice and management industry is built on fraud — the idea that professional advisors can consistently help you get a better rate of return on your investments is a sham. Here, the truth is exposed that the success of nearly every investment professional is the ability to procure high fees from their client and nothing else. Through anecdotes and straightforward explanations, this book reveals just how badly investors are scammed. It shines a light on the true cost of the industry’s useless advice and shows how a prudent independent investor, following a conservative strategy, can reap from 40% to 100% more than someone who falls for the lies.
Additional information: www.bk-life.com
BACK TO LISTBig Wave Surfing: Extreme Technology Development, Management, Marketing & Investing
(390 pages, $29.95 hardcover, 2011, ISBN 978-1-59298-380-3) by Kenneth J. Thurber, published by Beaver’s Pond Press.
This guide provides the insights necessary to survive in today’s technology economy by providing an understanding of the rapid technology change and innovation. The government does not create jobs and economic activity. The industrial base and environment is in a continual state of disruption, causing big waves to form. There are proven techniques to spot and ride big waves that will contribute to the success of your product, service, or investment. This book is designed to be read by everyone from a Cfo to the individual trying to make an investment decision for his Ira.
Additional information: www.beaverspondbooks.com
BACK TO LISTCandlestick Profits: Eliminating Emotions
(355 pages, $97 hardcover, 2011, ISBN 978-0-9773757-1-4) by Stephen W. Bigalow, published by John Wiley & Sons.
Producing profits should be relatively easy when using a successful trading method. This work reveals practical applications for greatly enhancing investment returns. Candlestick analysis is a proven investment method based on simple investment perspectives. Applying these techniques develops disciplined practices. The insights into candlestick analysis allow an investor to correct previous misconceptions and encourage the “proper” investment “thinking” to become ingrained in one’s mind. There are many fears in trading. These fears are identified and described in the book, followed by a clear explanation on how candlestick analysis becomes a mind-altering education process.
Additional information: www.wiley.com, www.candlestickforum.com/
BACK TO LISTFinancial Origami: How The Wall Street Model Broke
(170 pages, $27.95 hardcover, 2011, ISBN 978-1-118-00181-3) by Brendan Moynihan, published by John Wiley & Sons.
The simplicity of Wall Street’s business is often masked. The “financially engineered” products may seem different, but they are just the attributes of securities folded and refolded to make something look new. This book describes how the Wall Street business model evolved from a method to transfer risk into a method for manufacturing risk. It shows how this engineering, and its conflict of interest, allowed individuals and institutions to get around the regulations and taxes to boost their profits. It explores the evolution of Wall Street and shows the sequence of events that brought us to this point where the business model has broken.
Additional information: www.wiley.com
BACK TO LISTJimmy Stewart Is Dead
(241 pages, $27.95 hardcover, 2010, ISBN 978-0-470-58155-1) by Laurence J. Kotlikoff, published by Profit Publishing.
Jimmy Stewart, as the honest, trustworthy banker in It’s A Wonderful Life, is dead! Today’s movie, It’s A Horrible Mess, is now playing. It is an economic horror show — produced by Wall Street, and directed by Congress. It is a tale of pervasive and massive financial malfeasance that has devastated millions of lives. Our financial system is in tatters. Uncle Sam’s strategy is Wall Street’s — let no one see precisely what you are doing. Without the right financial fix, the global financial plague will strike again with even more force. This book is a tragic story that starts with our economic disaster, its causes, and where it is headed, and then shows how to fix the system.
Additional information: www.wiley.com
BACK TO LISTSuper Boom: Why The Dow Will Hit 38,820 And How You Can Profit From It
(184 pages, $24.95 hardcover, 2011, ISBN 978-1-118-02470-6) by Jeffrey A. Hirsch, published by John Wiley & Sons.
The author’s father, Yale Hirsch, in 1976 predicted a 15-year super-boom and a 500%-plus move in the market. He was half right. It went up 1,000% before the crash in 2000. This book unveils the next market expansion based on the same kind of rise in the indexes due to specific catalysts predominantly outside of the financial markets. Pieces of the puzzle come from inflation caused by the massive injection of money by the government as well as wartime spending. Despite the wars and rumors of war, peace may return before long, and there must be a wave of new energy or biotechnology out there somewhere that could lead the wave. Markets may struggle for the next several years, but keep an eye on the future for the coming 500% move in the market.
Additional information: www.wiley.com
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