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The late Sir John Templeton once said:
“To buy when others are despondently selling and to sell
when others are avidly buying requires the greatest fortitude.”
Many investors get caught in popular investment themes. They enthusiastically buy near the top, then fearfully sell near the bottom when the market corrects its excess. Conversely, the greatest investment returns in history have been made by betting against the crowd during those times of extreme investor sentiment. But how do we know when the market has reached an opportunistic inflection point? Keith Richards’ newest book, Smart Money, Dumb Money, Beating the Crowd Through Contrarian Investing provides a bevy of contrarian analysis tools designed to help you identify an overbought and euphoric market. These same tools can help you profit by buying into an oversold market that has reached its capitulation stage. As with Keith’s other books, the final chapter of the book provides a complete road-map to incorporating contrarian investment analysis into a logical trading strategy.
Publisher : Kinetics Design – Kdbooks.CA (July 12 2021)
Language : English
Paperback : 100 pages
ISBN-10 : 1988360625
ISBN-13 : 978-1988360621
Item weight : 145 g
Dimensions : 15.24 x 0.53 x 22.86 cm
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EclipseChaser –
Knowledge is King.
I was pretty much unclear on the benefits of stock analysis and knowing when to trade. Keith has helped immensely with this book in helping me to understand just when to make a decision to either buy, sell or hold a particular stock. I now feel much more confident managing my portfolio and am aspiring to be a SMART MONEY investor.
Pork Chop –
The book raises important questions
The earlier Sideways , brought light to a subject that business schools finance departments do not sanction, lend credibility or teach: analysis of charts as a sound method of making decisions, finding it a bit more interesting. Nonetheless, the stock market is political not robotic, leading to Smart Money, reminding that basing one’s opinion of a company and investment worthiness of a given stock, exclusively on the financial statements, etc. would be a mistake. It may be more of a sport and an art, than a matter of crunching numbers or reading a crystal ball of what’s to come. Morning Star, for example, failed wholeheartedly in their forecasts only 3 months prior to the COVID19 debacle, in their estimates of EPS, or share price targets and more, precisely due to the element of the unknown. Pundits may not know more than a hunter-gatherer in Kenya. This raises important questions as to whether an individual investor is equipped to make sound decisions surrounding wealth, and whether rolling the dice on the stock market is perhaps exactly that… a gamble, in view of partaking in an expanding economy and wealth.
RussEdmonton –
Excellent book covering market trends and indicators that frequent traders should be aware of!
Great book from start to end. Read this in a few hours, and is a go to reference book for non traditional indicators that retial investors may not consider. Learned alot and keep learning as I follow Keiths blog at valuetrend!
Don D. –
An excellent reference book for implementing a financial plan.
This book is concise, educational and a simple read for anyone interested in enhancing their financial literacy. It offers a contrarian view that makes the reader think about their current strategy and alternatives.
Bond –
Great Book
Easy to read and understand for retail investor.Presents a simple method to follow to lower risk of investing.