Taming the Beast : Wall Street's Imperfect Answers to Making Money

by Light, Larry

• ISBN13: 9780470602157
• ISBN10: 0470602155
• Edition: 1st
• Format: Hardcover
• Copyright: 2011-06-28
• Publisher: Wiley

Summary

A compelling financial narrative on flexible strategies investors can use to protect their assets Which is the best strategy for protecting your investments? Value investing? Indexing? Hedging? Growth investing? Asset allocation? It all depends upon the market because, although Wall Street has tried time and time again to devise a single system to tame the beast, the only thing thats constant about the market is that its always changing and no one system will work perfectly to protect your assets each and every time. Taming the Beast: Wall Streets Imperfect Answers to Making Money presents the various strategies, and shows you how the best strategy is to be both flexible and nimble. Details the origins and evolutions of Wall Streets most popular trading strategies Describes who originated the strategy, and those who contributed to it Analyzes each strategys strengths and weaknesses As Benjamin Graham noted in the 1930s, investors would be well advised to avoid getting mired in one set of beliefs. Times change, and so do markets. The key is to be flexible. Taming the Beast shows you how.

Author Biography

Larry Light has been the editor for personal finance at the Wall Street Journal, where he wrote finance stories for the paper on topics ranging from gold-buying mania to the plight of GM bondholders. Before joining the WSJ, he was the senior editor in charge of money and investing for Forbes magazine. Under his supervision, Forbes reporters uncovered hosts of Wall Street abuses, in particular, mutual fund shenanigans that prosecutors later pounced on. At BusinessWeek, he was part of a team that won a National Magazine Award. A well-known personality in the financial media, Larry regularly appears on CNBC, CNN, Fox News, MSNBC, Bloomberg News, and NBC.

Table of Contents

Acknowledgments	p. vii
Prologue: The Rosetta Stone	p. 1
Tarnished Gems: Value Investing	p. 17
Eternal Equities: Stocks Do Best?	p. 41
On Autopilot: Indexes	p. 61
From Mild to Wild: Bonds Take Wing	p. 83
The Fast Lane: Growth Investing	p. 107
Over There: International Investing	p. 121
Un-Real Estate: Property's Pull	p. 137
Not Just for the Rich: Alternatives	p. 163
Spreading It Around: Asset Allocation	p. 181
Looking for the Bad: Short Selling	p. 199
Chess Masters: Hedge Funds	p. 217
The Madness of Crowds: Behaviorism	p. 235
Conclusion: Out of the Shadows	p. 253
Bibliography	p. 257
About the Author	p. 267
Index	p. 269
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