Biderman / Santschi TrimTabs Investing

Using Liquidity Theory to Beat the Stock Market
1. Auflage 2005
ISBN: 978-0-471-72638-8
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 196 Seiten, E-Book

Reihe: Wiley Finance Editions

Whether you are an investment professional managing billions ofdollars or an individual investor with a small nest egg,TrimTabs Investing shows you how to beat the major stockmarket averages with less risk. This groundbreaking bookbegins by comparing the stock market to a casino in which the house(public companies and the insiders who run them) buys and sellsshares with the players (institutional and individualinvestors). TrimTabs Investing argues that stockprices are primarily a function of liquidity--the amount ofshares available for purchase and the amount of money available tobuy them--rather than fundamental value. Finally, itoutlines the building blocks of liquidity theory and explains howyou can use them to predict the direction of the stock market.
"Charles Biderman, a savvy and battle-scarred veteran ofthe investment wars, has fashioned an intriguing approach to makingmoney in the stock market that adroitly avoids both heavy-breathingspeculation and the standard Wall Street practices that enableinvestors, big and small, to lose money in good markets as well asbad. Aimed at the sophisticated investor (which may or may not bean oxymoron), the book is written in blessedly straightforwardprose and is a worthwhile read for anyone with an urge to have afling at investing.--Alan Abelson
Barron's
"Since the days of Joseph and Pharaoh, it has beenaxiomatic that the size of the grain harvest affects the level ofgrain prices; but today's investors have been slow toappreciate the fact that the supply of stock shares significantlydetermines the level of stock prices. Biderman's long overduebook outlines the theory and evidence behind 'TradingFloat,' the actual--and exploitable--power behindmajor moves in the stock market. --Paul Montgomery
CEO and CIO of Montgomery Capital Management
"'Trade as corporate execs do, not as theysay.' Charles Biderman has built an impressive list of hedgefund clients from this essential insight, and this book does agreat job explaining exactly how retail investors can incorporateit into their investing." --Eric Zitzewitz
Assistant Professor of Economics, Stanford Graduate School ofBusiness
"Charles Biderman is a smart thinker, clearwriter--and he offers here some very interesting ideas. Thisbook is for the little guy who enjoys reading about money andeconomics, even if he doesn't adopt the strategies offeredhere; and for the professional or sophisticated investor, who, to agreater or lesser degree, just might.--Andrew Tobias
author of The Only Investment Guide You'll Ever Need

Autoren/Hrsg.

Biderman, Charles

Santschi, David

Inhaltsverzeichnis

Acknowledgment.
Introduction.
PART ONE: INTRODUCING LIQUIDITY THEORY.
Chapter 1. A Tale of Fortune Lost.
Chapter 2. The Genesis of Liquidity Theory.
Chapter 3. The Principles of Liquidity Theory.
Chapter 4. The Building Blocks of Liquidity Analysis.
PART TWO: INSIDE LIQUIDITY THEORY.
Chapter 5. Demolishing the Cult of Earnings.
Chapter 6. The House: Secret Corporate Power.
Chapter 7. The Players: Buying, Selling, and Borrowing.
PART THREE: LOOKING BACK.
Chapter 8. The Bull Market and the Bubble.
Chapter 9. The Aftermath.
PART FOUR: Liquidity Theory in Action.
Chapter 10. Swinging for Singles: Lower-Risk Strategies.
Chapter 11. Swinging for the Fences: More AggressiveStrategies.
PART FIVE: LOOKING AHEAD.
Chapter 12. Managing Difficulties.
Chapter 13. New Applications.
Chapter 14. How Liquidity Could Save the Markets.
Appendix: Historical Liquidity Data.
About the Authors.
Index.

Über Autor(innen)

CHARLES BIDERMAN is the founder and President of TrimTabsInvestment Research. Born in New York City, he earned a BA fromBrooklyn College and an MBA from Harvard Business School. He beganhis career as Alan Abelson's assistant at Barron's from 1971 to1973. After correctly predicting the collapse of real estateinvestment trusts, he became a successful real estate entrepreneur.He founded TrimTabs in 1990 to provide portfolio managers andmarket strategists with unique investment insights. He isfrequently quoted in the financial media, including the Wall StreetJournal, Barron's, CNBC, and Bloomberg.
DAVID SANTSCHI is an editorial consultant and copy editor withTrimTabs Investment Research. Born in Cincinnati, he earned an ABin history magna cum laude from Davidson College and an MA inhistory from the University of Wisconsin-Madison. Currently,he is a doctoral candidate in early modern European history at theUniversity of Wisconsin-Madison.
For more information, please visit: www.TrimTabs.com