Andrew Goodwin - trading secrets of the inner circle
Chapter 1 : Market Wizard FilterChapter 2 : The VIX Index Timing Model
Chapter 3 : Crash Filters For The Stock Market
Chapter 4 : Trading the Options Expiration Method
Chapter 5 : Reactive Day Trading of the S&P 500
Chapter 6 : Short-Term Reversal Systems
Chapter 7 : Symmetrical Pattern
Chapter 8 : Range Expansion Search Code
Chapter 9 : Why the Large Hedge Funds Win In Equities and How You Can Too
Alexander Elder - Come Into My Trading Room[1]
CONTENTSDedication iv
Introduction 1
HOW THIS BOOK IS ORGANIZED 2
MALE OR FEMALE? 4
PART ONE FINANCIAL TRADING FOR BABES IN THE WOODS 5
1 Invest? Trade? Gamble? 7
AN INTELLIGENT INVESTOR 7
AN INTELLIGENT TRADER 8
AN INTELLIGENT GAMBLER? 12
2 What Markets to Trade? 15
STOCKS 16
FUTURES 18
OPTIONS 20
3 The First Steps 25
THE EXTERNAL BARRIERS TO SUCCESS 25
GETTING YOUR GEAR 32
ANALYSIS AND TRADING 39
PART TWO THE THREE M’S OF SUCCESSFUL TRADING 45
4 Mind—The Disciplined Trader 47
SLEEPWALKING THROUGH THE MARKET 49
A REMEDY FOR SELF-DESTRUCTIVENESS 54
THE MATURE TRADER 61
5 Method—Technical Analysis 67
BASIC CHARTING 68
INDICATORS—FIVE BULLETS TO A CLIP 84
v
6 Trading 123
SYSTEM TESTING 125
TRIPLE SCREEN UPDATE 128
DAY-TRADING 138
THE IMPULSE SYSTEM 157
MARKET THERMOMETER 162
EXITING TRADES 165
CHOOSING WHAT TO TRADE 183
7 Money Management Formulas 215
NO MATH ILLITERATES 217
BUSINESSMAN’S RISK VS. LOSS. 218
THE 2% SOLUTION—PROTECTION FROM SHARKS 220
THE 6% RULE—PROTECTION FROM PIRANHAS 223
POSITION SIZING 227
MONEY MANAGEMENT STEPS 230
PART THREE COME INTO MY TRADING ROOM 233
8 The Organized Trader 235
TRADER’S SPREADSHEET 236
THE EQUITY CURVE 238
TRADING DIARY 240
ACTION PLAN 242
9 Trading for a Living 245
DISCIPLINE AND HUMILITY 247
HAVE YOU GOT THE TIME? 251
THE DECISION-MAKING TREE 257
BEGINNER, SEMIPRO, PRO 264
GOING PRO 267
10 Come Into My Trading Room 271
EXCERPTS FROM THE DIARY 273
YOUR NEXT TRADE 298
Acknowledgments 301
Sources 303
Index 307
About the Author 313
Alexander ELDER - Trading For A Living
ContentsIntroduction
1. Trading -The Last Frontier
2. Psychology Is the Key
3. The Odds Against You
I Individual Psychology
4. Why Trade?
5. Fantasy versus Reality
6. Market Gurus
7. Self-Destructiveness
8. Trading Psychology
9. Trading Lessons from AA
10. Losers Anonymous
11. Winners and Losers
I1 Mass Psychology
12. What Is Price?
13. What Is the Market?
14. The Trading Scene
15. The Market Crowd and You
16. Psychology of Trends
17. Managing versus Forecasting
CONTENTS
I11 Classical Chart Analysis
18. Charting
19. Support and Resistance
20. Trend and Trading Range
21. Trendlines
22. Gaps
23. Chart Patterns
IV Computerized Technical Analysis
24. Computers in Trading
25. Moving Averages
26. Moving Average Convergence-Divergence (MACD) and MACDHistogram
27. The Directional System
28. Momentum, Rate of Change, and Smoothed Rate of Change
29. Williams %R
30. Stochastic
31. Relative Strength Index
-,/V The Neglected Essentials
32. Volume
33. Volume-Based Indicators
34. Open Interest
35. Herrick Payoff Index
36. Time
VI Stock Market Indicators
37. New High-New Low Index
38. Traders' Index and Other Stock Market Indicators
VII Psychological Indicators
39. Consensus Indicators
40. Commitment Indicators
CONTENTS
VIII New Indicators
41. Elder-ray
42. Force Index
IX Trading Systems
-43. Triple Screen Trading s y s t e r n e
44. Parabolic Trading System
45. Channel Trading Systems
X Risk Management
46. Emotions and Probabilities
47. Money Management
48. Exiting Trades
Afterword
Acknowledgments
Sources
Index
Alexander Elder - Study Guide For Come Into My Trading Room - A Complete Guide To Trading
CONTENTS
Study Guide for Come Into My Trading Room 1
How This Book is Organized 3
Part One Questions 5
1 Financial Trading for Babes in the Woods 7
Questions 1–8
2 Mind—The Disciplined Trader 13
Questions 9–18
3 Basic Charting 21
Questions 19–23
4 Indicators—Five Bullets to a Clip 27
Questions 24–39
5 Trading 39
Questions 40–47
6 Day-Trading 47
Questions 48–53
7 Advanced Concepts 53
Questions 54–67
8 Money Management 63
Questions 68–82
9 The Organized Trader 71
Questions 83–100
v
Part Two Answers and Rating Scales 83
1 Financial Trading for Babes in the Woods 85
Answers 1–8
2 Mind—The Disciplined Trader 91
Answers 9–18
3 Basic Charting 97
Answers 19–23
4 Indicators—Five Bullets to a Clip 101
Answers 24–39
5 Trading 111
Answers 40–47
6 Day-Trading 115
Answers 48–53
7 Advanced Concepts 119
Answers 54–67
8 Money Management 127
Answers 68–82
9 The Organized Trader 133
Answers 83–100
Part Three Let’s Trade: Case Studies and Questions 141
Part Four Let’s Trade: Answers and Ratings 163
The Road Ahead 197
Sources 199
About the Author 201
Alan Farley - The Master Swing Trader
ContentPART ONE
THE GATEWAY TO SHORT-TERM TRADING
PART TWO
THE 7-BELLS: TOOLS TO LOCATE OUTSTANDING OPPORTUNITIES
PART THREE
MAKING THE TRADE
Alan Andrew_s Pitchfork
ContentsIntroduction
SECTION 1: The Best Trendline Methods of Alan Andrews
Bar Charts and Pivots
High to High and Low to Low Trendlines
High to Low and Low to High Trendlines
Multi-Pivot Line
Median Line
Median Line Theory
Median Line Trading Principles 1-3
Median Line Trading Principles 4
The Pitchfork (Upper and Lower Parallel Lines)
Trigger Lines
Pitchfork and Trigger Line Trading Rules
Mini-Median Line
Warning Lines
The Expanding Swings Pattern
Action Reaction Method 1
Action Reaction Method 2
Sliding Trendline
Trading The Elliott Wave Pattern
SECTION 2: Five New Trendline Techniques
New Pitchfork Trading Rule 1
New Pitchfork Trading Rule 2
New Pitchfork Trading Rule 3
New Method 1: The Median Line-Momentum Swing Trading Strategy
New Method 2: The 50 Percent Pitchfork
New Method 3: The Median Line Pivot Zone
New Method 4: The Action Reaction Method 3
New Method 5: The Super-Pitchfork
Conclusion
ADAM SMITH - An Inquiry Into The Nature And Causes Of The Wealth Of Nations
ContentsIntroduction and Plan of the Work ....................................................12
Book One: Of The Causes Of Improvement In The
Productive Powers Of Labour, And Of The Order
According To Which Its Produce Is Naturally
Distributed Among The Different Ranks Of The People
Chapter 1. Of the Division of Labour
Chapter II. Of the Principle which gives occasion to the Division of Labour
Chapter III. That the Division of Labour is limited by the Extent of the Market
Chapter IV. Of the Origin and Use of Money
Chapter V. Of the Real and Nominal Price of Commodities, or their Price in Labour, and their Price in Money
Chapter VI.Of the Component Parts of the Price of Commodities
Chapter VII. Of the Natural and Market Price of Commodities
Chapter VIII. Of the Wages of Labour
Chapter IX. Of the Profits of Stock
Chapter X. Of Wages and Profit in the different
AA-Jay Kaeppel - The Option Trader_s Guide To Probability_ Volatility And Timing
ContentsChapter 1 Introduction 1
Who Can Benefit from This Book 1
What Sets This Book Apart 2
Can Options Really Be Simplified? 2
What This Book Provides 2
Overview of Option Trading 3
Understanding Risk by Using Risk Curves 6
Asking the Right Question 9
Analyzing Risk: What Separates the Winners
from the Losers 11
Summary 18
Chapter 2 The Basics of Options 21
Option Definitions 21
Options on a Specific Security 26
Intrinsic Value versus Extrinsic Value 30
In-the-Money versus Out-of-the-
Money Options 32
Summary 35
Chapter 3 Reasons to Trade Options 37
The Three Primary Uses of Options 37
Leveraging an Opinion on Market Direction 39
Hedging an Existing Position (and Generating Income) 41
Taking Advantage of Neutral Situations 44
Summary 46
Chapter 4 Option Pricing 47
Theoretical Value 47
Examples of Theoretical Option Pricing 49
Overvalued Options versus Undervalued
Options 50
Summary: Theory versus Reality 52
Chapter 5 Time Decay 55
The Effect of Time Decay on the Price of
an Option 56
Implications of Time Decay 58
Time Decay Illustrated 58
Summary 62
Chapter 6 Volatility 63
Volatility: The Most Important Concept in
Option Trading 63
Historic Volatility Explained 63
Implied Volatility Explained 65
Is Implied Volatility High or Low? Relative
Volatility Explained 69
Relative Volatility Ranking 72
Considerations in Selecting Option-
Trading Strategies 72
Why Does Volatility Matter? 74
The Effect of Changes in Volatility 77
Summary 80
Chapter 7 Probability 81
Weighing the Pros and Cons 81
Strategies for a Bullish Scenario 82
Profit/Loss Comparisons 86
Delta 89
Probability Analysis 91
The Correct and Incorrect Ways to
Use Probability 95
Summary 96
Chapter 8 Market Timing 99
The Underlying Security Is Expected to Move
within a Specific Period 100
The Underlying Is Expected to Move in a
Particular Direction but Not in a
Specific Time Frame 102
The Underlying Is Expected to Move Significantly
but the Direction Is Unknown 103
The Underlying Is Expected to Stay within a
Range or Not Move Much in Any
Direction 105
Summary 106
Chapter 9 Trading Realities 107
Exercise and Assignment 107
Bid and Ask Prices and the Importance of
Option Volume 110
Appreciating the Effect of Bid-Ask Spreads 111
Factors in Dealing with Bid-Ask Spreads 113
A Word on Limit Orders 113
Summary 115
Chapter 10 Important Concepts to Remember 117
Valid Reasons to Trade Options 117
Option Pricing 118
Contents ix
Time Decay 118
Volatility 119
Probability 120
Market Timing 120
How to Lose Money Trading Options 121
The Keys to Success in Option Trading 125
Summary 128
Chapter 11 Overview of Trading Strategy Guides 131
The Two Key Elements in Selecting a
Trading Strategy 131
Trading Strategy Matrix 133
Overview of Trading Strategy Chapters 133
Chapter 12 Buy a Naked Option 139
Key Factors 139
Position Taken 146
Position Management 148
Trade Result 150
Chapter 13 Buy a Backspread 151
Key Factors 151
Position Taken 157
Backspreads versus Naked Calls and Puts 157
Volatility and Backspreads 159
Position Management 162
Trade Result 164
Chapter 14 Buy a Calendar Spread 165
Key Factors 165
Position Taken 173
Position Management 173
Trade Result 174
x Contents
A Decline in Volatility Is Deadly to
Calendar Spreads 175
Chapter 15 Buy a Straddle 179
Key Factors 179
Position Taken 186
Position Management 188
Trade Result 190
Chapter 16 Sell a Vertical Spread 191
Key Factors 191
Position Taken 197
Position Management 199
Trade Result 200
Chapter 17 Sell a Naked Put 201
Key Factors 201
Position Taken 206
One Method for Managing Stock Position
If Assigned 208
Position Management 209
Trade Result 209
Chapter 18 Write a Covered Call 211
Key Factors 211
Position Taken 216
Position Management 218
Trade Result 219
Writing Covered Calls without Limiting
Upside Potential 220
TEAMFLY
Team-Fly®
Chapter 19 Enter a Butterfly Spread 223
Key Factors 223
Position Taken 229
Position Management 233
Trade Result 235
Chapter 20 Placing Trades 237
Considerations in Placing Option Orders 238
Placing Orders by Phone and On Line 238
Summary 246
Epilogue Some Random Thoughts for Option Traders 247
Appendix A PROVEST Option Trading Method Criteria 251
The PROVEST Option Trading Method: A
Framework for Trade Selection 251
Appendix B Option Exchanges, Option Brokers, Option
Symbols, and Option Volume 255
Exchanges 255
Brokerage Firms 257
Resources 257
Stock and Stock Index Option Symbols 258
Stock Option Volume Statistics 258
Index 265
AA-GEORGE M. JABBOUR - The Option Trader Handbook - Strategies And Trade Adjustments
ContentPreface xi
CHAPTER 1 Trade and Risk Management 1
Introduction 1
The Philosophy of Risk 2
Truth about Reward 5
Risk Management 7
Risk 7
Reward 10
Breakeven Points 11
Trade Management 12
Trading Theme 12
The Theme of Your Portfolio 15
Diversification and Flexibility 16
Trading as a Business 16
Start-Up Phase 17
Growth Phase 20
Mature Phase 20
Just Business, Nothing Personal 21
SCORE—The Formula for Trading Success 22
Select the Investment 22
Choose the Best Strategy 24
Open the Trade with a Plan 24
Remember Your Plan and Stick to It 26
Exit Your Trade 27
CHAPTER 2 Tools of the Trader 29
Introduction 29
Option Value 30
Option Pricing 31
Stock Price 32
Strike Price 32
Time to Expiration 32
Volatility 32
Dividends 33
Interest Rates 33
Time Value Premium 33
Time Decay 33
Early Assignment 36
Implied Volatility 38
Synthetic Positions 41
Synthetic Stock 42
Synthetic Call 44
Synthetic Put 46
Basic Strategies 47
Long Call 47
Short Call 48
Long Put 48
Short Put 50
Basic Spreads and Combinations 50
Bull Call Spread 51
Bull Put Spread 51
Bear Put Spread 52
Bear Call Spread 53
Long Straddle 54
Long Strangle 54
Short Straddle 56
Short Strangle 57
Advanced Spreads 58
Call Ratio Spread 58
Put Ratio Spread 59
Call Ratio Backspread 60
Put Ratio Backspread 61
Long Butterflies 62
Short Butterflies 63
CHAPTER 3 Long Stock 65
Introduction 65
Protective Put 66
Stock Moves Higher 69
Stock Moves Lower 71
Contents vii
Bear Put Spread 74
Rolling from a Protective Put into a Bear Put Spread 76
Rolling from a Bear Put Spread into a Protective Put 78
Call Replacement 80
Stock Moves Higher 81
Stock Moves Lower 82
Call Replacement versus Protective Put 83
Sell Covered Calls 83
Stock Moves Higher 85
Strike Selection 87
In the Money Calls 88
Time to Expiration 91
Scaling-Out Strategy 92
Collars 94
Opening Position—Regular Collar 94
Stock Moves Higher—Profit Collar 97
Ratio Write 100
Opening Position 101
Stock Moves Higher—Regular Ratio Write 103
Stock Moves Higher—Variable Strike Ratio Write 110
Stock Moves Lower—Ratio Write/Variable Strike Ratio Write 114
Short Straddle/Short Strangle 117
Opening Position—Short Straddle 117
Opening Position—Short Strangle 121
Stock Moves Higher—Short Straddle 123
Stock Moves Higher—Short Strangle 129
Stock Moves Lower—Short Straddle/Stock Repair 133
Stock Moves Lower—Short Strangle 137
Call Ratio Spread 140
Opening Position 143
Stock Moves Higher 147
Stock Moves Lower—Stock Repair Strategy 152
Call Calendar Spread 155
Opening Position 156
Stock Moves Higher 158
CHAPTER 4 Short Stock 163
Introduction 163
Protective Call—Insurance 165
Opening Position—Protective Call 165
Opening Position—Protective Call Spread 170
Short Stock Protective Call Long Put 172
viii CONTENTS
Stock Moves Lower—Protective Call 174
Stock Moves Lower—Protective Call Spread 177
Rolling between Protective Calls and Protective Call Spreads 181
Stock Moves Higher 183
Put Replacement 185
Stock Moves Lower 186
Stock Moves Higher 188
Put Replacement versus Protective Call 189
Covered Puts 190
Stock Moves Lower 191
Short Collars 196
Opening Position—Regular Collar 197
Stock Moves Lower—Profit Collar 199
Put Ratio Write 201
Opening Position 202
Stock Moves Lower—Regular Ratio Write 205
Stock Moves Lower—Variable Strike Ratio Write 210
Put Ratio Spread 212
Opening Position 212
Stock Moves Lower 215
Stock Moves Higher—Short Repair Strategy 218
CHAPTER 5 Calls and Puts 221
Introduction 221
Long Call 222
Protective Put—Stock Moves Higher 222
Protective Put—Stock Moves Lower 224
Call Replacement 226
Rolling into a Bull Call Spread—Stock Moves Higher 229
Rolling into a Bull Call Spread—Stock Moves Lower/Call
Repair Strategy 231
Rolling into a Bear Call Spread 232
Short Stock 235
Rolling into a Synthetic Straddle 236
Rolling into a Calendar Spread 237
Rolling into a Ratio Spread 240
Stock Moves Lower—Call Repair Strategy 244
Short Call 248
Long Put 249
Protective Call 250
Put Replacement Therapy 253
Contents ix
Rolling into a Bear Put Spread 255
Rolling into a Bull Put Spread 259
Long Stock/Synthetic Straddle 260
Put Calendar Spread 265
Put Ratio Spread 267
Short Put 273
CHAPTER 6 Spreads 277
Introduction 277
Bull Call Spreads/Bear Put Spreads 277
Protective Puts/Protective Calls 278
Convert to Ratio Spreads 283
Convert to Butterflies 297
Bear Call Spreads/Bull Put Spreads 300
Calendar Spreads 301
Call Calendar Spread 301
Put Calendar Spread 305
CHAPTER 7 Combinations 311
Introduction 311
Long Straddle 311
Straps/Strips 312
Modified Straps/Strips 315
Calendar Straddle 318
Rolling a Long Straddle into an Iron Butterfly 320
Diagonal Iron Butterfly 321
Partial Iron Butterfly 322
Long Call/Long Put Adjustments 323
Long Strangle 323
Diagonal Iron Butterfly 324
Calendar Strangle 325
Long Call/Long Put Adjustments 326
Short Straddle/Short Strangle 326
Short Straddle 327
Short Strangle 329
Index 331
AA-DONALD P. DELVES - Stock options and the new rules
C O N T E N T SFOREWORD: A Conversation with Paul Volcker xi
ACKNOWLEDGMENTS xvii
INTRODUCTION xix
PART ONE
THE STOCK OPTION PROBLEM 1
Chapter One
Dimensions of the Problem 3
The Problem with Options 6
The Current Situation 8
Executive Wealth and the Positive Power of Greed 9
Stock Options and Corporate Culture 10
Shareholder Activism 11
The Specter of Government Regulations 13
A Sea Change for Options and Executive Compensation 15
Board Responsibility 15
What Do You Think? 18
Chapter Two
The Sources of the Problem 19
Brief History of Compensation 19
Cultural Phenomena 21
Modern History of Compensation 27
Lessons of the LBO 29
When Executives Become Owners 33
The Role of Boards in Compensation 35
Stock Options for Start-Ups and the Technology Revolution 38
A Skewed Incentive System 40
Chapter Three
The Accounting Story 43
Behind the Scenes of the Accounting Debate 45
FASB’s Renewed Campaign 48
Measuring the Value of Options 51
Determining Fair Value 54
A New Chapter in the Story 58
PART TWO
ELEMENTS OF THE SOLUTION 63
Chapter Four
An Accounting Solution Everyone Can Live With 65
Accounting Rule Implications 67
Special Treatment for Start-Ups? 69
What Do You Think? 75
Bridging the Gulf 76
Chapter Five
Valuing Options 81
Black-Scholes and Beyond 83
The Four Guiding Principles 88
The Purposes of Stock 91
What Do You Think? 92
The Transition to Expensing Options 93
Chapter Six
Providing the Right Questions—and the Right Tools—
for Boards 101
Board Members’ Concerns 102
The Tyranny of Competitive Data 104
Taking a Deeper Look 110
What Do You Think? 114
Chapter Seven
Making Options Performance Based 117
Weighing Performance-Based Options 118
The Purpose of Options 119
Adding Performance Measures 120
Dealing with Underwater Options 122
Other Option Tricks 125
What Do You Think? 127
Bringing Balance to Executive Compensation 127
Chapter Eight
Designing a Balanced Portfolio of Incentives 131
The Risk Decision 131
The Psychology of Risk 132
From Bureaucrats to Innovative Thinkers 133
Taking a Healthy Risk 134
The Balanced Portfolio Approach 136
The Benefit of Stock Ownership 142
A Revolutionary Stock Concept 143
What Do You Think? 144
Building a Balanced Incentive Program 145
Chapter Nine
Building Healthy Employee-Employer Contracts for Public
and Private Companies 149
An Unhealthy Contract 151
Lessons of the New Economy 154
Making Healthier Contracts 155
The Role of Compensation 156
The Role of Long-Term Incentives 161
The Private Company 162
What Do You Think? 164
Valuing People and the Purpose of the Corporation 164
PART THREE
THE PATH TO ACCOUNTABILITY 169
Chapter Ten
Restoring Corporate Integrity 171
Restoring Corporate Integrity: 9 Steps to a Healthier Organization 173
What Do You Think? 180
The Role of the CEO 180
Chapter Eleven
Vision for the Future 185
The Power of the Corporate Executive 186
A Vision for the Future 187
Endnotes 193
AA-Benjamin Graham - Intelligent Investor
ContentsEpigraph iii
Preface to the Fourth Edition, by Warren E. Buffett
ANote About Benjamin Graham, by Jason Zweig x
Introduction: What This Book Expects to Accomplish 1
1. Investment versus Speculation: Results to Be
2. The Investor and Inflation
3. A Century of Stock-Market History:
4. General Portfolio Policy: The Defensive Investor
5. The Defensive Investor and Common Stocks
6. Portfolio Policy for the Enterprising Investor:
7. Portfolio Policy for the Enterprising Investor:
8. The Investor and Market Fluctuations
9. Investing in Investment Funds
10. The Investor and His Advisers
11. Security Analysis for the Lay Investor:
12. Things to Consider About Per-Share Earnings
13. A Comparison of Four Listed Companies
14. Stock Selection for the Defensive Investor
15. Stock Selection for the Enterprising Investor
16. Convertible Issues and Warrants
17. Four Extremely Instructive Case Histories
18. A Comparison of Eight Pairs of Companies
19. Shareholders and Managements: Dividend Policy
20. “Margin of Safety” as the Central Concept of Investment
Appendixes
1. The Superinvestors of Graham-and-Doddsville
2. Important Rules Concerning Taxability of Investment Income and Security Transactions (in 1972)
3. The Basics of Investment Taxation(Updated as of 2003)
4. The New Speculation in Common Stocks
5. A Case History: Aetna Maintenance Co.
6. Tax Accounting for NVF’s Acquisition of Sharon Steel Shares
7. Technological Companies as Investments
Endnotes
Acknowledgments from Jason Zweig
About the Authors
Credits
Front Cover
Copyright
About the Publisher
AA- The Motley Fool Money Guide
Table Of ContentFOREWORD by David Gardner............................................................................vii i
INTRODUCTION ..................................................................................................xi
PART I — PERSONAL FINANCE ..........................................................................1
Chapter 1: Saving and Budgeting..........................................................................3
Chapter 2: Credit Cards and Debt ......................................................................13
Chapter 3: Insurance ..........................................................................................23
Chapter 4: Buying a Car ....................................................................................45
Chapter 5: Buying a Home..................................................................................61
Chapter 6: Paying for College ............................................................................85
Chapter 7: Banking Foolishly ..............................................................................95
Chapter 8: Living Below Your Means ................................................................107
Chapter 9: Taxes ................................................................................................121
Chapter 10: Retirement ......................................................................................139
Chapter 11: Divesting — Giving to Charity ..........................................................151
Chapter 12: Death, Funerals and Estate Planning................................................161
PART II — INVESTING ......................................................................................175
Chapter 13: The Basics ........................................................................................177
Chapter 14: Wall Street’s Ways ..........................................................................209
Chapter 15: Understanding Stocks ....................................................................233
Chapter 16: Researching and Evaluating Companies ..........................................251
Chapter 17: Advanced Research Topics ..............................................................299
Chapter 18: Buying and Selling Stocks ..............................................................309
Chapter 19: Mutual Funds ..................................................................................321
Chapter 20: Managing Your Portfolio ................................................................335
Chapter 21: How Businesses and the Economy Work ........................................351
Chapter 22: Un-Foolish Investing ........................................................................361
Chapter 23: Potpourri..........................................................................................371
PART III — APPENDICES..................................................................................387
Appendix A: Resources for More Information ....................................................389
Appendix B: Glossary ..........................................................................................393
Appendix C: Index ..............................................................................................403
George Soros – The New Paradigm for Financial Markets
ContentsIntroduction vii
Setting the Stage xiii
Part One: Perspective
1. The Core Idea 3
2. Autobiography of a Failed Philosopher 12
3. The Theory of Reflexivity 25
4. Reflexivity in Financial Markets 51
Part Two:
The Current Crisis and Beyond
5. The Super-Bubble Hypothesis 81
6. Autobiography of a Successful Speculator 106
7. My Outlook for 2008 122
8. Some Policy Recommendations 142
Conclusion 153
Acknowledgments 161
About the Author 163
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