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Riding the Bear: Reap Huge Gains by Recognizing a Bear or Bull Market Paperback – March, 1999
Based on seven years of reporting from over a dozen countries, writer Tom Wainwright takes you on an extraordinary journey into the business of being a drug lord. Learn more.
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While the first half of the book is full of substantial and enlightening advice about reducing risk in bull markets, Harding offers only a meager 10 pages or so of light commentary on tools for profiting in down markets, namely short-selling and put options.
Having introduced short-selling and put options, he quickly abandons the subject, with barely a word of advice on how long to hold a short position, and not one word of guidance on executing an options trade.
If you want to learn how to avoid bear turns in bull markets, this book is worth the price.
But if you want to learn how to execute profitable options trades and short sales in a bear market, you won't find this book helpful.
Unfortunately, it falls down hard when it comes to specifics of how to deal with a bear market. The ideas put forth to time the market rely heavily on backtesting theories and seasonality. "If you followed this plan, you would have made X percent over 20 years instead of only Y". This may work in the future, or it may set you up for big disappointment. The methods of selecting stocks to short is also simplistic and dangerous. I give it zero stars for this aspect. I think the markets are too dynamic to rely on backtesting any timing theory.
There are also plenty of graphs in here, but Mark Twain's statement that there are lies, damn lies and statistics holds true. Some of the most important graphs are incomplete, and give a misleading impression. The most glaring is the Market Cap to GDP measure. I found another version of this graph, and the full graph is not so clear an indicator. The selective use of statistics is a turn off in this case.
Read this book, but only to compare it to other perspectives. Don't think you are going to rule Wall Street by spending $11 on this paperback.
Sy, your book is a true revelation. You are a born teacher and a real spirit. And you are someone the word TRUST, such a rarity in the financial professions, can be bestowed upon without any reservation. Thanks for your gift and sharing it with us. In deepest appreciation.
And to any skeptics, buy this book. It IS amazing and simple and makes so much sense. IT will change your investment ability forever.
Most Recent Customer Reviews
Outstanding case. Fits my iPhone 6 perfectly - great price. Arrived early.Published 23 days ago by Amazon Customer
I bought this book and save my retirement account, I put everything on bonds before the crash of the market 2015. Read morePublished 5 months ago by municipal
If you are a serious investor you need to read this book. Period. Good juxt to "The Intelligent Investor".Published 6 months ago by John C. Becker
The book is dated, and focuses primarily around the Y2K threat (which hadn't transpired at time of this book release). Read morePublished 21 months ago by ScottieB_FL
This is an older book but well worth reading. Testing the author's ideas on a walk forward basis indicates that the system espoused is still working today.Published on December 29, 2012 by Amazon Customer
I read this book a few years after the crash so I couldn't take advantage of the recommendations. You can note that it was published in 1999 and Sy did a good job of predicting how... Read morePublished on December 3, 2012 by Paul J Coulter
This is the best book on the subject I read so far!
Written in 99, it predicted not only the bear market ahead but warned of its severity. Read more