Investing with the Trend: A Rules-based Approach to Money Management (Bloomberg Financial) - Hardcover

Morris, Gregory L.

Hardcover

ISBN 10: 1118508378 ISBN 13: 9781118508374

Publisher: Wiley, 2014

Synopsis

Investing with the Trend provides an abundance of evidence for adapting a rules-based approach to investing by offering something most avoid, and that is to answer the why one would do it this way. It explains the need to try to participate in the good markets and avoid the bad markets, with cash being considered an asset class. The book is in three primary sections and tries to leave no stone unturned in offering almost 40 years of experience in the markets. Part I The focus is on much of the misinformation in modern finance, the inappropriate use of Gaussian statistics, the faulty assumptions with Modern Portfolio Theory, and a host of other examples. The author attempts to explain each and offer justification for his often strong opinions. Part II After a lead chapter on the merits of technical analysis, the author offers detailed research into trend analysis, showing how to identify if a market is trending or not and how to measure it. Further research involves the concept of Drawdown, which the author adamantly states is a better measure of investor risk than the oft used and terribly wrong use of volatility as determined by standard deviation. Part III This is where he puts it all together and shows the reader all of the steps and details on how to create a rules-based trend following investment strategy. A solid disciplined strategy consists of three parts, a measure of what the market is actually doing, a set of rules and guidelines to tell you how to invest based upon that measurement, and the discipline to follow the strategy

About this title

Review:

"...make Greg's Investing with the Trend your next book purchase ... and in light of the current market action, the sooner the better." --Advisor Perspectives

From the Back Cover:

Praise for Investing with the Trend

"If you want to take a master class in financial markets, this is the book for you."
--Mebane Faber, CIO, Cambria Funds

"Greg Morris is a learned scholar, sharp observer, rational thinker, and successful stock market analyst and investor. All these characteristics are displayed in his new book Investing with the Trend. It is a gem. His understanding and refutation of many Wall Street myths are brilliant; his evaluation of stock market indicators is well-reasoned; and his investment style and risk avoidance methods superb. Anyone, professional or otherwise, interested in a reasoned, fact-supported, comprehensive book on the stock market should own it."
--Charles D. Kirkpatrick, CMT, Kirkpatrick & Company, Inc.

"Anyone wanting to read about technical analysis should read this book first. It is the benchmark book that all other books on the topic should be compared to."
--Peter Mauthe, Investment Banking

"If you invest in stocks without first investing in this book, you are a fool. Well written, documented, and practical, Greg's work is an amazing accomplishment, combining knowledge with wisdom. In my library of thousands of market books, there are only a few 'must reads'. This one has earned that honor."
--Larry Williams, Trader

"The trend is your friend, so make friends with Investing with the Trend. Whether you are emotional or disciplined, a numbers nerd or not, Greg will show you how successful investors let the rules rule."
--Sam Stovall, Chief Equity Strategist, S&P Capital IQ

About this edition

• Publisher: Wiley
• Publication date: 2014
• ISBN 10: 1118508378
• ISBN 13: 9781118508374
• Binding: Hardcover
• Edition number: 1
• Number of pages: 496