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Stock Market Logic: A Sophisticated Approach to Profits on Wall Street

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Stock Market Logic: A Sophisticated Approach to Profits on Wall Street

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作 者:Norman G. Fosback

出 版 社:Inst for Econometric Research; 1st edition

出版时间:

I S B N:0917604490

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Few financial endeavors have occupied the time of more men over more years with.1ess Success than attempting to“beat the market.’’So many have tried and failed that it has become popular,especially in academic circles,to believethat no one can consistently outperform the averages. Nothing could be further from the truth! Granted,everyone cannot beat the market...simply because everyone/s the market.But that does not precludethe possibility that some investors,utilizing more sophisti-cated approaches than the public at large,can eamabove average returns on their investments.To do SO,however.requires the development of a logical investment strategy which takes advantage of the very weaknesses that denysuperior returns to most investors. As a prelude to increased stock market profits,it is necesary to reject the concept that chance alone governs whowins and who loses on Wall Street,while recognizing thatmost speculators who seek a get-rich-quick solution will endup instead among the big losers.

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