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Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell
 
 
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Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell [Hardcover]

Charles D. Kirkpatrick II (Author)
4.1 out of 5 stars  See all reviews (14 customer reviews)

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Book Description

0132439786 978-0132439787 September 4, 2008 1

“The author introduces an investing methodology with proven results and easily applied unequivocal decision making. Particularly impressive is the way he includes a selling discipline, not just a buying discipline. This book is a must for any concerned investor.”

Richard Arms, Analyst, Author, and Inventor of The Arms Index

 

“This is one of the best new investing books of the decade: succinct, practical, and timeless. Built on a foundation of 40 years of market wisdom, it combines technical analysis and portfolio construction that is supported by excellent research. It should be required reading for everyone from new investors to the most sophisticated hedge fund managers.”

Linda Raschke, President, LBRGroup, Inc.

 

“The author is an award winning Technical Analyst. In this book, he covers the basic principles, definitions, safeguards, pitfalls, and risks of investing. Believing in active management, he recognizes the benefits of multiple tools (fundamental and technical) and disciplines there-on, to construct a portfolio methodology with guidelines for both buying and selling, for maximum gain. This is a valuable book for any serious investor.”

Louise Yamada, Managing Director, Louise Yamada Technical Research Advisors, LLC.

 

“In this book, Charles Kirkpatrick demonstrates just how powerful a tool relative strength is, deftly combining technical and fundamental analysis to produce a superior long-term approach. This isn’t just theory, but the real-time work of a practitioner with an outstanding track record. For many years a small group of knowledgeable investors has known about this work, now you can too.”

John Bollinger, CFA, CMT, President, Bollinger Capital Management

 

“The author presents a clearly written, time-tested formula for investor independence and success through applying relative price strength for stock selection and portfolio construction.”

Hank Pruden, Golden Gate University

 

Over the past 25 years, Charles D. Kirkpatrick’s exclusive stock-picking technique has outperformed the S&P 500’s performance by a whopping 7.7 times. That’s right: If you’d invested $10,000 in the S&P 500, you’d have $130,000 now...but if you’d followed Kirkpatrick’s published picks, you’d have $1,000,000! If that’s not amazing enough, Kirkpatrick’s system is remarkably easy to use. In this book, he teaches you all you need to put it to work in your portfolio!

 

Kirkpatrick reveals why an active strategy based on relative stock rankings is the surest route to profit, and how just a few pieces of publicly available information enable you to create rankings that virtually guarantee exceptional performance. You’ll learn how to use his techniques to organize stocks into a portfolio that maximizes returns while reducing risk...uncover trigger points that tell you when to buy and sell...and systematically protect yourself against bad stocks and bad markets.

 

  • Why the conventional wisdom about investing is flat-out wrong
    What’s wrong with diversification, “random walks,” and the efficient markets hypothesis
  • Don’t even try to predict the markets: you don’t have to!
    Discover what the markets are actually doing: then react fast, with discipline
  • Invest the intelligent way: with “relatives”
    Measure what really matters: a stock’s relative strength and growth compared with the rest
  • Start using the market’s reliable investment triggers
    Recognize what to buy, what to sell, and when to make your moves
  • Mitigate the risks associated with broad market declines
    Intelligently decide when to move assets into cash

 


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Frequently Bought Together

Customers buy this book with Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition (2nd Edition) $61.04

Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell + Technical Analysis: The Complete Resource for Financial Market Technicians, Second Edition (2nd Edition)


Editorial Reviews

Review

 

About the Author

Charles D. Kirkpatrick II, CMT is currently president of Kirkpatrick & Company, Inc., Kittery, Maine. This is a privatecorporation specializing in technical research that publishes the Kirkpatrick Market Strategist advisory newsletter.

 

In the recent past, Mr. Kirkpatrick has been a director of the Market Technicians Associationan association of professional analystsand served on its Dow Award Committee, Education Committee, and as chairman of the Academic Liaison Committee. He was editor of the Journal of Technical Analysis—the official journal of technical analysis research—and an instructor in finance at the Fort Lewis College School of Business Administration in Durango, Coloradoone of only seven colleges (as opposed to universities) in the U.S. accredited by the Association to Advance Collegiate Schools of Business (AACSB). In 2007, with coauthor, Professor Julie Dahlquist, he published a textbook on technical analysis: Technical AnalysisThe Complete Resource for Financial Market Techniciansnow used in university finance classes and the Market Technicians Association’s professional education programs.

 

In addition, Mr. Kirkpatrick has received awards from his peers. In 1993 and 2001 he received the Charles H. Dow Award for excellence in technical researchand in 2008, he received the Market Technicians Association Annual Awardan award given once a year to someone for “Outstanding Contributions to the Field of Technical Analysis.” He is a graduate of Phillips Exeter Academy, Harvard College, and the Wharton School of the University of Pennsylvania, and served as a decorated combat officer in the First Cavalry Division in Vietnam. He currently resides on an island in Maine with his wife, Ellie, and various domestic animals.


Product Details

  • Hardcover: 192 pages
  • Publisher: FT Press; 1 edition (September 4, 2008)
  • Language: English
  • ISBN-10: 0132439786
  • ISBN-13: 978-0132439787
  • Product Dimensions: 8.3 x 5.8 x 0.7 inches
  • Shipping Weight: 10.4 ounces (View shipping rates and policies)
  • Average Customer Review: 4.1 out of 5 stars  See all reviews (14 customer reviews)
  • Amazon Best Sellers Rank: #567,267 in Books (See Top 100 in Books)

More About the Author

Charles D. Kirkpatrick II, CMT, is president of Kirkpatrick & Company, Inc., a technical analysis research firm that publishes the Market Strategist investment newsletter. A past instructor in finance at the School of Business Administration, Fort Lewis College, and currently Adjunct Professor of Finance at Brandeis University International Business School, he is a two-time winner of the Market Technicians Association's prestigious Charles H. Dow Award for research in technical analysis and winner of the MTA Annual Award in 2008 "for outstanding contributions to the field of technical analysis." He is a Chartered Market Technician, a past member of the board of directors of the Market Technicians Association, and past editor of the Journal of Technical Analysis. He currently is on the board of directors and vice-president of the Market Technicians Association Educational Foundation and a member of the American Association of Professional Technicians (AAPTA). He co-authored Technical Analysis: The Complete Source for Financial Market Technicians, the primary textbook for the CMT program, authored Beat the Market, and is a graduate of both Harvard College (AB) and the Wharton School (MBA). He lives with his wife on an island in Maine.
His website is www.charleskirkpatrick.com

 

Customer Reviews

14 Reviews
5 star:
 (8)
4 star:    (0)
3 star:
 (6)
2 star:    (0)
1 star:    (0)
 
 
 
 
 
Average Customer Review
4.1 out of 5 stars (14 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

49 of 51 people found the following review helpful:
3.0 out of 5 stars Interesting, but needs testing...., April 9, 2009
By 
This review is from: Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell (Hardcover)
Although I would like to applaud the book and not wind up in the position of "reviewing the reviews", a little of both is necessary. I bought the book on the strength of 6 very positive reviews. But I have to wonder about these reviews.

The book makes it very clear that results from this method could not be achieved quickly. A good testing window would be a minimum of 3 to 6 months. The book was published in 9/2008. Some of the reviews were written in less than 3 months. I find it very hard to believe that these people: 1) tested the methods in the book; and 2) achieved positive results in that time frame. It would be especially hard to achieve positive results, given what most stocks were doing between 9/2008 and 2/2009.

On the author's web site as of today (4/9/09) it is clear that very minimally positive results have been achieved in the last 6 months from the best of the 3 methods outlined in the book. Add to that the fact that in the book, there are numerous spelling and grammatical errors, plus an error in captioning one of the more important charts, plus a few typos thrown in for good measure.

I'm sure that Mr. Kirkpatrick is a learned and accomplished person, and it's very likely his systems have achieved positive results. However, given the extremely shoddy proofreading, one has to wonder about the actual level of attention to detail in the content of this book.

To be sure, I plan on taking up the author on one of his recommendations, and paper trading using his admittedly best system, in real time. It's possible I will subscribe to the newsletter he liberally touts in the book. But I wanted to add a more realistic opinion of the book, and of the process by which I purchased the book, to Amazon's review collection. No one should buy this book based on the 6 highly positive reviews previous to this one, without knowing that there may be a few warning signs lurking between the lines.
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18 of 19 people found the following review helpful:
5.0 out of 5 stars Excellent Methodology, Great Read, Duplicable Results, October 22, 2008
By 
This review is from: Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell (Hardcover)
The book is short ans succinct in describing his investment philosophy and methodology. Easy to understand and a quick read. I was able to duplicate his Bargain List results using a backtesting website called Portfolio123.com. Keep in mind that Kirkpatrick advocates the use of an overal portfolio filter to determine whether and how much you should be in the market. This is regardless what his stock screen is telling you to buy. Reason is his individual stock selection and disposition method, although will outperform the market over a cycle if fully invested at all times, can have some fearsome drawdowns in a short period of time when the overall market is in correction mode. This was borne out by my portfolio123 backtesting. So if you are sure the market is in a bull market, his methodology does really well. But you need to have portfolio-level risk management in place to control the losses.
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9 of 10 people found the following review helpful:
5.0 out of 5 stars I only need this book to make money, September 13, 2008
This review is from: Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell (Hardcover)
I read the previous book Kirkpatrick co-authored, "Technical Analysis," and so when I saw that he had a new book, I ordered it at once. It arrived on a Saturday morning. I started reading it and didn't get up -- couldn't get up -- until I finished it. I've read many books on the stock market. I only need this book to make money. Kirkpatrick is a leader in his studies of relative strength investing. (Several pages are devoted to his methods in Robert Colby's "The Encyclopedia of Technical Market Indicators.") He has been trading his techniques for 30 years and the results are astounding -- far outperforming the market. His approaches are as simple and straight-forward as they are powerful. Moreover, nothing is proprietary. I am able to duplicate his methods myself without needing to subscribe to his newsletter, even though I do subscribe because I enjoy it. I particularly recommend his chapter on market timing -- how to avoid getting caught in the horrors of a bear market such as we are experiencing now. I highly recommend this book.
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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
beat the market, bargain list, investing today, price performance percentile, deleting stocks, strength percentile, relative price strength, advancing stock market, relative earnings growth, reported earnings growth, sell trigger, growth percentile, strongest stocks, strength rankings, declining stock market, advancing market, relative price performance, selecting stocks
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Value List, Average Market Performance, Value Selection, Putting It Together, Relative Price Strength Selection, Growth List, Value Line Geometric, Meeting the Relatives, Relative Reported Earnings Growth Selection, Prediction Versus Reaction, Current Relative Earnings Growth Percentile Figure, Investment Risk, Current Relative Price Strength Percentile Figure, Barnes Group, Months Ahead, Motley Fool, Current Relative Price-to-Sales Percentile Figure, Jul Oct, Value Model, Conventional Analysis, Weeks Figure, Hypothetical Portfolio
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
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