- Shopping Bag ( 0 items )
Want a NOOK? Explore Now
The financial world has for decades swallowed whole the idea that market movement is chaotic, random, and entirely unpredictable. Wall Street practitioners, academics, and a multitude of market commentators have encouraged the notion that we are not able to forecast the markets and therefore should not try. In Far From Random, Richard Lehman takes on these stalwarts of finance and disproves the widely accepted investment principle that stock market movement cannot be predicted. With his new take on trend channel analysis, Lehman shows that market trends exist, are discernible before they are wholly formed, and can be employed to boost investment returns.
Foreword Lawrence G. McMillan McMillan, Lawrence G.
Preface
Introduction 1
Pt. I A Market of What?
1 The Time Has Come 11
2 Fundamentally Flawed 23
3 Subjective Value 47
4 Random and Efficient Markets 65
5 Market Timing 87
Pt. II Behavior, Behavior, Behavior
6 New Thinking in Finance Isn't Financial 107
7 The Behavioral Phenomenon 117
8 Anomalies 145
Pt. III Charting a Golden Path
9 A New Market Paradigm 165
10 Introduction to Trend Channel Analysis 183
11 Reading Between the Lines 195
12 Putting It All Together 213
Index 227
Overview
The financial world has for decades swallowed whole the idea that market movement is chaotic, random, and entirely unpredictable. Wall Street practitioners, academics, and a multitude of market commentators have encouraged the notion that we are not able to forecast the markets and therefore should not try. In Far From Random, Richard Lehman takes on these stalwarts of finance and disproves the widely accepted investment principle that stock market movement cannot be predicted. With his new take on trend channel ...