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5 out of 5 stars
By
wes watson
on
03-21-14
Great book.
Any additional comments?
I really liked this book, personally I thought it would just go into the effects of other markets and the correlations that commodities, currencies, bonds, and stocks have on each other. He did not talk a lot about currency in the book, but he did actually go in depth into sector analysis which is really was beneficial. He also talks about leading, lagging, and coincident indicators which is also very informative.
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14 of 17 people found this review helpful
3 out of 5 stars
By
Donald
on
03-15-15
History rhymes
Any additional comments?
History rhymes is the reason that individuals like older investment books like “Reminisces of a Stock Operator” which covers before the 1929 stock market crash or “The Book of Investing Wisdom” which covers some of the time after 1929 and before 1980, or this book which was written in 1990, or a more recent book such as “Hedge Fund Market Wizards.”
Chapter 6 is an introduction to technical chart patterns. Newer books will have many more patterns.
Chapter 7 is an introduction to value investing. Value investing is an investment style favored by Warren Buffet and there are books about his style.
Chapter 10 is an introduction to currency, interest rates, and commodities. All three can be traded not with a stock broker but with a commodity broker. These come with leverage such as a penny change in the price of a barrel of oil may make your account go up or down by $10.00. Jesse Livermore in Reminisces of a Stock Operator did some commodity trading. Implementing a trading system in the 1980’s using moving averages was described in Turtle Traders.
Chapter 16 mentions deflation (prices falling) or inflation (prices rising). The book Panic of 1907 describes the introduction of the Fed. Age of Turbulence by Alan Greenspan provides newer insight. A book such as End Game was written after the Great Recession.
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3 of 4 people found this review helpful