Success and Survival on Wall Street: Understanding the Mind of the MarketThis book takes the reader on an insider's tour of the psychology of stock market investing. In more than 3,000 hours of interviews and observations, Smith granted some of the most famous insiders on Wall Street the protection of anonymity to procure their deepest and most frank views on the operation of the market. Their words are heard here in vivid and often surprising detail. What emerges is a startling portrait of how the prejudices of six different types of players--fundamentalists, insiders, cyclists, traders, efficient market believers, and transformational idea adherents--influence the ups and downs of the market. Smith explains how new trends, such as computer trading and mutual and retirement fund investing, interact with these psychologies--drawing a remarkable picture of how market behavior is inherently more human than technical. |
Contents
Whats Going On? | 3 |
THE TRUE BELIEVERS | 23 |
A Fundamentalist | 25 |
Copyright | |
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accounts Action Salesmen analysts Ann Klein approach basic beat the market behavior Bill Chester broker brokerage buy a stock buy or sell buyers buying and selling Chartists charts concerned crowd Customer Salesmen Cyclist-Chartist cynics Dave Gibbons day Trader earnings economic Efficient Market adherents Efficient Market theory fact factors feel Firm Salesmen follow Hank Strong Henry Geller index funds institutional interested invest John Holland limit order major market philosophies market professionals Market Salesmen mass behavior mean money managers move mutual funds NASDAQ nearly option outperform overviews percent person primarily put option recommendations refer retail broker rules salespersons Sarah sell stocks short selling Similarly situation social Sociology sophisticated specific stock market story successful support level tend things tion trading True Believers true Fundamentalist twenty years ago types understanding Wall Street York Stock Exchange