Investing with the Trend

Beschreibung

Investing with the Trend provides an abundance ofevidence for adapting a rules-based approach to investing byoffering something most avoid, and that is to answer the"why" one would do it this way. It explains theneed to try to participate in the good markets and avoid the badmarkets, with cash being considered an asset class. The bookis in three primary sections and tries to leave no stone unturnedin offering almost 40 years of experience in the markets. Part I - The focus is on much of the misinformation inmodern finance, the inappropriate use of Gaussian statistics, thefaulty assumptions with Modern Portfolio Theory, and a host ofother examples. The author attempts to explain each and offerjustification for his often strong opinions. Part II - After a lead chapter on the merits of technicalanalysis, the author offers detailed research into trend analysis,showing how to identify if a market is trending or not and how tomeasure it. Further research involves the concept ofDrawdown, which the author adamantly states is a better measure ofinvestor risk than the oft used and terribly wrong use ofvolatility as determined by standard deviation.Part III - This is where he puts it all together and showsthe reader all of the steps and details on how to create arules-based trend following investment strategy. A soliddisciplined strategy consists of three parts, a measure of what themarket is actually doing, a set of rules and guidelines to tell youhow to invest based upon that measurement, and the discipline tofollow the strategy

Autor*in

Gregory L. Morris

Themen in »Investing with the Trend«

Börsenhandel Finance & Investments Finanz- u. Anlagewesen Trading

Stimmen zu »Investing with the Trend«

"...make Greg's Investing with theTrend your next book purchase ... and in light of thecurrent market action, the sooner thebetter." --Advisor Perspectives
()

Details

Link teilen