Success and Survival on Wall Street Understanding the Mind of the Market

by Smith, Charles W.

• ISBN13: 9780742516878
• ISBN10: 0742516873
• Format: Paperback
• Copyright: 2001-10-23
• Publisher: Rowman & Littlefield Publishers

Summary

This book paints a startling portrait of how the prejudices of four different types of players--fundamentalists, insiders, cyclists, and traders--influence the market.

Author Biography

Charles Smith is professor and chair of sociology at Queens College, CUNY.

Table of Contents

Preface	p. vii
The Ambiguity of the Market
What's Going On?	p. 3
The True Believers
A Fundamentalist	p. 25
An Insider	p. 35
A Cyclist-Chartist	p. 41
A Trader	p. 49
An Efficient Market Believer and Enhancer	p. 59
A Transformational Idea Adherent	p. 67
Selling the Market
The Hard Facts of Market Life	p. 75
Selling Companies and Other Financial Products	p. 83
Managing Customers	p. 91
Selling the Market	p. 97
Selling the Action and Dreams	p. 101
Cynicism, Faith, and Foolishness
A Market Cynic	p. 109
Faith: Follow the Money	p. 117
Foolishness: Follow the Crowd	p. 123
Putting it all Together
The Market as Mentor	p. 135
Some Practical Advice for the Individual Investor
Basic Choices for Every Investor	p. 147
Avoiding the Crowd	p. 159
Four Rules for Success and Survival	p. 167
A Theoretical and Methodological Note	p. 175
A Selected Glossary of Stock Market Terminology	p. 185
Notes	p. 201
References	p. 213
Index	p. 217
About the Author	p. 221
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