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The Little Book of Stock Market Profits: The Best Strategies of All Time Made Even Better Hardcover – November 8, 2011
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From the Inside Flap
Over the years, various approaches to investing have emerged, but it's fair to say that some of them have been less than impressive. Today, the challenge for almost every investor is finding the right ways to earn above average returns. The Little Book of Stock Market Profits will show you exactly how to achieve this elusive goal.
Author Mitch ZacksSenior Portfolio Manager at Zacks Investment Managementunderstands what it takes to make it in even the most dynamic markets, and now, with The Little Book of Stock Market Profits, he breaks down some of the best investing strategies of all time and reveals how you can effectively incorporate them into your own investing endeavors.
Engaging and informative, this reliable guide takes you chapter by chapter through various strategies that will help you improve your investment process, while allowing you to take advantage of certain market anomalies. Along the way, it skillfully addresses:
Using momentum-based strategies and what type of stocks this method works best with
Piggybacking on the trading decisions made by informed individualsfrom large shareholders to CEOsthrough the use of publicly disclosed insider data
Understanding Initial Public Offerings (IPOs) and whether they will help, or hurt, your portfolio
Following specific rules when buying value stocks
Implementing an earnings accrual investment strategy that helps you try to outperform the market by effectively focusing on the quality of earnings
Handling earnings announcements and what to make of post-earnings announcement drifts
Following seasonal patterns in your investing activities by looking at common calendar anomalies such as the January Barometer, May/October Effect, and much more
Rounding out this detailed discussion of equity investing, Zacks touches upon the use of multifactor models in this process. Here, you'll learn how combining two or more different factorsfor instance stocks trading at attractive valuation metrics and exhibiting strong price momentumcan generate returns that are greater than any one of the factors by itself.
Investing can be difficult, but with the right strategies you can improve your overall performance. The Little Book of Stock Market Profits will show you how.
More About the Author
Top Customer Reviews
Those expecting to be introduced to one or more anomalies that outperform the market by wide margins are likely to be extremely disappointed. The ones that are judged to be authentic outperform the averages by perhaps a couple of percent a year. Other ones outperform by wider margins but these are before commissions, liquidity and bid-ask spreads are considered which since most involve illiquid stocks will likely eat up much of the outperformance. Also, the author points out several anomalies that may have been authentic and powerful but apparently were arbitraged away by the markets within a few years of being first written about.
In the end, far from coming away with all-time "best strategies" that handily beat the averages, one is left with a few strategies that slightly beat the market. It's almost a book that supports passive investing by default. As he states in the video interview below, the market is "brutally efficient". Credit however goes to the author for not over-hyping the anomalies discussed in the book even if the title does.
Overall, the topics Zacks presents are all worth knowing/learing as a trader. And I can't disagree with anything he says in the book. But in terms of efficiency and usefulness, it's not what it should be in my opinion.
Easy to read and detailed enough for a thorough understanding. The "piggy backing" technique has been exploited for several years now by a company called Idayo. I saw them at the Las Vegas money show and they basically do all the research and work for you (for a not-so-modest fee, of course).
I prefer high returns with a no-loss guarantee.
Most Recent Customer Reviews
The little book brings the basis back to me and helps me to not make the common mistakes that I did when I was a beginner.Published on February 15, 2013 by Amazon Customer