Beat the Market : Invest by Knowing What Stocks to Buy and What Stocks to Sell
معرفی کتاب «Beat the Market : Invest by Knowing What Stocks to Buy and What Stocks to Sell» نوشتهٔ Charles D. Kirkpatrick, II، منتشرشده توسط نشر FT Press در سال 2008. این کتاب در فرمت pdf، زبان انگلیسی ارائه شده است.
“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 wrongWhat’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
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 ofknowledgeable 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.
This is the eBook version of the printed book. If the print book includes a CD-ROM, this content is not included within the eBook version. “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 wrongWhat'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 reac Contents......Page 10 Introduction......Page 18 CHAPTER 1 Investing Today......Page 20 Investment Management......Page 21 Investment Management Incentive......Page 22 What Do You Do?......Page 32 Summary......Page 35 CHAPTER 2 Beliefs and Biases......Page 36 The Markets......Page 37 My Emotional Experience......Page 39 Summary......Page 42 Individual Stock Risk......Page 44 Randomness......Page 46 Diversification......Page 47 Drawdown......Page 48 Market Risk......Page 50 Summary......Page 54 Fundamental Versus Technical Methods......Page 56 Summary......Page 63 Economists......Page 64 Gurus and “Experts”......Page 66 Security Analysts......Page 67 Reaction Technique......Page 70 Summary......Page 72 CHAPTER 6 Meeting the Relatives......Page 74 Value......Page 75 Growth......Page 78 Price Strength......Page 80 The Evidence......Page 84 Summary......Page 85 CHAPTER 7 Value Selection......Page 86 Performance Three Months Ahead......Page 90 Performance Six Months Ahead......Page 91 Performance Twelve Months Ahead......Page 94 Advancing and Declining Background Market......Page 95 Relative Price-to-Sales Percentile During a Declining Market After Three Months......Page 98 Summary......Page 100 CHAPTER 8 Relative Reported Earnings Growth Selection......Page 102 Summary......Page 110 Relative Strength Calculations......Page 112 Summary......Page 122 Growth Model......Page 126 Value Model......Page 130 Summary of Growth and Value List Triggers......Page 133 New Model (Called the “Bargain List”)......Page 135 Summary......Page 139 Buying......Page 142 Selling......Page 144 Sources of Relative Information......Page 147 Other Concerns......Page 148 How to Act......Page 149 Summary......Page 152 CHAPTER 12 Creating a Portfolio of Stocks......Page 154 Simple but Practical Methods of Creating a Portfolio......Page 155 Summary......Page 163 Conclusion......Page 164 Finding Data, Calculating Data, and Locating Sources......Page 166 The Hypothetical Value Model Portfolio......Page 167 Performance of Value Model......Page 169 Adding and Deleting Stocks......Page 171 References......Page 174 B......Page 176 E......Page 177 I......Page 178 M......Page 179 P......Page 180 Q-R......Page 182 S......Page 183 U-Z......Page 184 Investing today Beliefs and biases Investment risk Conventional analysis Prediction versus reaction Meeting the relatives Value selection Relative reported earnings growth selection Relative price strength selection Putting it together Selecting and deleting stocks Creating a portfolio of stocks.
دانلود کتاب Beat the Market : Invest by Knowing What Stocks to Buy and What Stocks to Sell
“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 ofknowledgeable 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
This is the eBook version of the printed book. If the print book includes a CD-ROM, this content is not included within the eBook version. “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 wrongWhat'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 reac Contents......Page 10 Introduction......Page 18 CHAPTER 1 Investing Today......Page 20 Investment Management......Page 21 Investment Management Incentive......Page 22 What Do You Do?......Page 32 Summary......Page 35 CHAPTER 2 Beliefs and Biases......Page 36 The Markets......Page 37 My Emotional Experience......Page 39 Summary......Page 42 Individual Stock Risk......Page 44 Randomness......Page 46 Diversification......Page 47 Drawdown......Page 48 Market Risk......Page 50 Summary......Page 54 Fundamental Versus Technical Methods......Page 56 Summary......Page 63 Economists......Page 64 Gurus and “Experts”......Page 66 Security Analysts......Page 67 Reaction Technique......Page 70 Summary......Page 72 CHAPTER 6 Meeting the Relatives......Page 74 Value......Page 75 Growth......Page 78 Price Strength......Page 80 The Evidence......Page 84 Summary......Page 85 CHAPTER 7 Value Selection......Page 86 Performance Three Months Ahead......Page 90 Performance Six Months Ahead......Page 91 Performance Twelve Months Ahead......Page 94 Advancing and Declining Background Market......Page 95 Relative Price-to-Sales Percentile During a Declining Market After Three Months......Page 98 Summary......Page 100 CHAPTER 8 Relative Reported Earnings Growth Selection......Page 102 Summary......Page 110 Relative Strength Calculations......Page 112 Summary......Page 122 Growth Model......Page 126 Value Model......Page 130 Summary of Growth and Value List Triggers......Page 133 New Model (Called the “Bargain List”)......Page 135 Summary......Page 139 Buying......Page 142 Selling......Page 144 Sources of Relative Information......Page 147 Other Concerns......Page 148 How to Act......Page 149 Summary......Page 152 CHAPTER 12 Creating a Portfolio of Stocks......Page 154 Simple but Practical Methods of Creating a Portfolio......Page 155 Summary......Page 163 Conclusion......Page 164 Finding Data, Calculating Data, and Locating Sources......Page 166 The Hypothetical Value Model Portfolio......Page 167 Performance of Value Model......Page 169 Adding and Deleting Stocks......Page 171 References......Page 174 B......Page 176 E......Page 177 I......Page 178 M......Page 179 P......Page 180 Q-R......Page 182 S......Page 183 U-Z......Page 184 Investing today Beliefs and biases Investment risk Conventional analysis Prediction versus reaction Meeting the relatives Value selection Relative reported earnings growth selection Relative price strength selection Putting it together Selecting and deleting stocks Creating a portfolio of stocks.