Stock Market Rules: 50 of the Most Widely Held Investment Axioms Explained, Examined and Exposed
$10.49
| Author(s) | |
|---|---|
| Pages |
237 |
| Format |
|
| Published Date |
2005 |
The go-to stock-investing guide for more than a decade, Stock Market Rules gives you the knowledge and clarity you need to invest like the wizards of Wall Street. Stock Market Rules, analyzes 50 maxims to show you which ones work, which ones used to work but don’t anymore, and which ones are, and always have been, dangerously wrong.
Introduction:
Axioms relating to the stock market have probably been around as long as stock trading. One of the oldest known axioms relates to selling short: He who sells what isn’t hisen must buy it back or go to prison. The continuous buying and selling in the stock market attracts clever sayings and words of wisdom about what to do or what not to do in a particular situation.
Always remember that buying or selling stock involves two differences of opinion. The buyers believe that the price will rise and the sellers believe the price is going nowhere or down. How can axioms about trading stock be helpful? They are based on real stock market experience, and experience is often the seasoning that makes investors richer or poorer.
A look at the list of illustrations shows the depth of coverage of this comprehensive work. The book contains many charts of stock market indexes and individual stock prices. Although the analysis is relevant to the time of the charts, things change. In today’s market, change happens quickly.
The price charts and analyses are not meant to be current buy or sell recommendations; rather they show real-world examples of the concepts presented in the book.
The “rules” presented in this book are axioms based on investing in and trading stocks of publicly held corporations. The concepts are explained, examined, and exposed in order to bring about an understanding of the many fine points of stock trading.
The investor’s understanding of these concepts will improve his or her decision-making process and help him or her with the buying and selling of stocks. Greater knowledge and understanding can lead to greater profits.
Contents:
- Research
- Analysis
- Strategy
- Trading
- Good Ideas
- Caution
- Surprises
Stock Market Rules: 50 of the Most Widely Held Investment Axioms Explained, Examined, and Exposed By Michael D. Sheimo pdf
5 reviews for Stock Market Rules: 50 of the Most Widely Held Investment Axioms Explained, Examined and Exposed
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Emberly Murphy (verified owner) –
This book is promising, but ultimately disappointing. A beginner investor will find this book confusing, because it skips around multiple topics without much contextual or background material. An intermediate or advanced investor will find this book trite, because each topic covers familiar ground, and lacks any depth or detail. You will find a few good tidbits here and there, but overall the content is shallow.
The author is a fan of Dow Theory, and the book is littered with references to Dow Theory this and Dow Theory that. The text is overly reliant on the Dow Industrial Average, which in my opinion is an inferior index to use when analyzing the general stock market. Unless you are interested in one of the merely 30 old-line slow-growth industrial companies that comprise the DJIA, you would be better off using the S&P 500 Index or the Nasdaq Composite Index for your market study.
Remarkably, this book appears not to have been edited at all. Despite being in its third edition, the book contains numerous typographical, numerical, and factual errors in both the text and the illustrations. In a casual reading I noted more than 10 serious errors. Table 3-1 shows 11 companies, with their current and historical prices, along with the percentage-change in each price. 7 of the 11 calculated price changes are blatantly wrong! It is hard to trust an investment book that can’t calculate percentage-change correctly. Table 3-2 lists a company stock buyback totaling only $250.00. The text refers to “Points A, B, C and D” in Figure 5-3, but no such points appear on the Figure. And so forth all throughout the book.
Luciano Burnett (verified owner) –
Absolutely terrific…Stock Market Rules, (Third Edition), analyzes and explains fifty axioms (the rules) to tell you those which really work, the ones which used to work but don’t anymore, as well as the axioms which are now and always have been terribly wrong. Beyond merely explaining these rules, Michael D. Sheimo uses them to help the reader learn about stock trading. This is extremely helpful to the beginning investor, as well as the investor who’s been at it for a while. Filled with useful information and analysis on how to invest in today’s fast-moving markets, Stock Market Rules, (3rd Edition) reveals the truth of what has been said and is still being said. It provides techniques and ideas that can improve your investing confidence and results.
Here are a few of the gems:
Rule #3: Good Companies Buy Their Own Stock
(not necessarily)
Rule #2: Price Doubling Is Easier At Lower Prices
(just not so)
Rule #9: Look For Insider Trading
(you can too, Martha)
This book is excellent now as it was in the past and will be in the future. The short, quick, clever chapters are easy to read and memorable.
Aleah Ramsey (verified owner) –
more and more learning about the stocks
Jude Arias (verified owner) –
Very useful information, Michael has explained the market rules in a simple language.
Cameron Corona (verified owner) –
If you are serious about investing you need to read this book. New traders will have their eyes opened to the Market and what professional investors are doing to stay ahead of them. You will buy this book and reread it every year to refresh your mind and remember how things really are.