Ben Stein, Phil Demuth

Gebundenes Buch

Yes, You Can Time the Market!

Beschreibung

Praise for Yes, You Can Time the Market! "'Buy and hold' makes sense for the average investor in stocks. Even better, say Stein and DeMuth, is to buy only when prices are low and hold when prices are high, keeping accumulating savings in Treasuries while waiting for 'low' prices. They define 'low' and 'high' prices by historical experience. An interesting and thoughtful analysis." -Professor Milton Friedman University of Chicago, Hoover Center Nobel Prize Winner in Economics, 1976 "Wall Street, prepare yourself. Ben and Phil hit the nail on the head with their insightful guide to investing. No gimmicks, no games, just tapping the true power of economics to make sensible investment decisions. Add to that the authors' dry wit, and this handbook is a must-read for investors small and large." -Diane C. Swonk Director of Economics, Chief Economist Senior Vice President, Bank One Corporation " The logic and reasoning are persuasive. Stein and DeMuth buttress them with evidence, lots of it. The term 'valuable' properly applies to the guidance of the conclusions." -C. Lowell Harriss Professor Emeritus of Economics Columbia University "How refreshing to read commonsense advice about the stock market! Stein and DeMuth's findings are both verifiable and free of quantitative trickery. What's more, their writing is as clear and straightforward as the methods they recommend." -Martin Fridson author, It Was a Very Good Year: Extraordinary Moments in Stock Market History

Autor

BEN STEIN, host of Comedy Central's Emmy Award-winning game show Win Ben Stein's Money, is a Renaissance man for the new millennium. An economist and humorist, investor, lawyer, and actor, Stein has successfully balanced a professional life that encompasses his many diverse interests. He is the author of several books on finance and his essays and columns have appeared in such publications as The Wall Street Journal, Barron's, Forbes, the American Spectator, Los Angeles magazine, New York magazine, and the Washington Post. PHIL DeMUTH is an investment advisor and PhD psychologist who has a longstanding interest in the stock market and has written for The Wall Street Journal and Barron's, as well as Human Behavior and Psychology Today. His opinions have been quoted on TheStreet.com and in Fortune magazine.

Produktdetails

• Verlag: Wiley & Sons
• Seitenzahl: 208
• Erscheinungstermin: 18. April 2003
• Englisch
• Abmessung: 235mm x 157mm x 17mm
• Gewicht: 430g
• ISBN-13: 9780471430162
• ISBN-10: 0471430161
• Artikelnr.: 11665956

Rezensionen

Arriving a few years too late to slap some reality into the legionsof day traders suckered by the stock market gold rush, TV game showhost Stein's latest is still a smart, commonsense guide toinvesting. Stein and DeMuth's primary dispute is with the old adagethat one can never tell when the market is going to go up or down,something they attempt to disprove with a wealth of charts showinghow to buy stocks cheaply over the long term (as in decades). Thisis no get-rich-quick scheme, merely a case being made to, inessence, treat the Street like many fans treat baseball: work thenumbers. In between the sizable chunks of data, Stein and DeMuthdrop in bits of advice, e.g., pay more attention to the S&P500's trends than frequently slippery P/E

ratios; invest in bondsbefore stocks-they're more stable; and always, always buy low. Bestof all is a three-page cautionary list that should be requiredreading for anyone even thinking of investing. Some of the betternuggets: "Does the word 'synergy' appear in theprospectus?...Run!"; "Never accept any unsolicited financialadvice"; and "Do not invest in a store because you see a lot ofcustomers there at the mall or because you like the coffee or bluejeans or jelly beans. Sales do not equal profits." Again, where wasthis book when we needed it? (Apr.) (Publishers Weekly,March 24, 2003)

Stein may be known for the droll sense of humor he exhibits onhis Comedy Central show, Win Ben Stein's Money, but it is hardlyevident in this straightforward investment guide. Writing withcoauthor DeMuth, an investment adviser, the former Nixonspeechwriter counters the "conventional wisdom" that investorscannot time (or predict) their investment decisions to maximizeprofits. The authors cite a number of technical factors - e.g.,Tobin's Q, price/earnings, dividend yield, price to cash flow, andprice to sale - to show that careful study of these metricsdemonstrates that some times are better than others for going intothe market or buying a particular stock. They also show thatprotestations to the contrary, the "street" frequently times themarket. Eighty tables and graphs are used to buttress their case.Stein's popularity and the use of his face on the book's cover maydraw readers beyond the usual investment crowd, though some mayfind this joke-free treatment a bit too technical. Still, it is acompetently written, well-argued case for a sensible investmentapproach and is quite suitable for academic and larger publiclibraries. -- Patrick J. Brunet, Western Wisconsin TechnologyColl., La Crosse. (Library Journal, May 1, 2003)

"...it's readable, coherent, sensible, good-natured..."(Barron's, May 26, 2003)

"...Stein s latest is still a smart, commonsense guide to investing." ( Publishers Weekly , March 24, 2003)
"...it is a competently written, well-argued case for a sensible investment approach and is quite suitable for academic and larger public libraries". ( Library Journal , May 1, 2003)

"...it s readable, coherent, sensible, good-natured..." ( Barron s , May 26, 2003)