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Success and Survival on Wall Street - Understanding the Mind of the Market (Paperback)
Loot Price: R750
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Success and Survival on Wall Street - Understanding the Mind of the Market (Paperback)
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This book takes the reader on an insiderOs 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.
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