Sam Stovall – The Seven Rules of Wall Street
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Description
It’s an old saying, but this Wall Street adage is as relevant today as when it was first uttered. It worked once again during the market decline that began in 2008. In The Seven Rules of Wall Street , Sam Stovall, master investment strategist and expert on stock market history, presents seven familiar sayings that not only convey enduring truths but also serve as superb investment strategies.
In this engaging guide, Stovall subjects his chosen sayings to the facts of history and to his own personal experience. When it comes to building a portfolio, for instance, should you “let your winners ride, but cut your losers short”? Absolutely. “On average,” Stovall writes, “the ‘winners’ beat the market by a near two-to-one margin. The winners also beat the losers most years: seven out of every 10 years. ”
Other Wall Street one-liners that emerge as timeless truisms include:
- As goes January, so goes the year
- Don’t get mad – get even
- Don’t fight the Fed
- There’s always a bull market someplace
To support his conclusions, Stovall complements his sharp insight with the results of detailed back-testing, as well as tables and charts drawing on decades of stock market data.
A fun and lively read, The Seven Rules of Wall Street provides an abundance of wisdom in remarkably few words – proving that investing books can be as entertaining as they are educating.
About the Author
What is forex trading?
Forex, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another – if you have ever travelled abroad, then it is likely you have made a forex transaction.
While a lot of foreign exchange is done for practical purposes, the vast majority of currency conversion is undertaken with the aim of earning a profit. The amount of currency converted every day can make price movements of some currencies extremely volatile. It is this volatility that can make forex so attractive to traders: bringing about a greater chance of high profits, while also increasing the risk.
Sam Stovall – The Seven Rules of Wall Street
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