Anatomy of the Bear: Lessons from Wall Street's Four Great Bottoms - Hardcover

Anatomy of the Bear: Lessons from Wall Street's Four Great Bottoms [Hardcove] Financial market history US equities recession Business Economics Finance Investments Securities Stocks Finanzkrise Bankenkrise Hyperinflation Inflation Great Depression Baisse Shortselling Puts The big short stock market Russell Napier Business Economics Finance Investments Securities Stocks Finanzkrise Bankenkrise Hyperinflation Inflation Great Depression Baisse Shortselling Puts The big short stock market Russell Napier is a consultant with CLSA writing on issues affecting global equity markets. After studying law, he began his investment career at Baille Gifford in Edinburgh managing funds in the Japanese, then the US and finally the Asian markets. Moving to London he was responsible for managing Asian portfolios. In 1995 he relocated to Hong Kong to become Asian strategist for CLSA. He occupied that position full time until 1999 during which he was ranked number one for Asian strategy in all major indust

Hardcover. Zustand: gut. How does one spot the bottom of a bear market? What brings a bear to its end? There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap - 1921, 1932, 1949 and 1982 - Russell Napier sets out to answer these questions by analysing every article in the "Wall Street Journal" from either side of the market bottom. In the 70,000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging. By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best financial provisions for the future. This new edition includes a brand new preface from the author. This is a good time to look at the financial bear. How does one spot the bottom of a bear market? What bring a bear to its end? There are few more important questions to be answered in modern finance. Financial market history is a guide to understanding the future. Looking at the four occasions when US equities were particularly cheap - 1921, 1932, 1949 and 1982, Russell Napier sets to answer these questions by analysing every article in the "Wall Street Journal" of either side of the market bottom. In these 70, 000 articles he examines, one begins to understand the features which indicate that a great buying opportunity is emerging. By looking at how markets really did work in these bear-market bottoms, rather than theorising how they should work, Napier offers investors a financial field guide to making the best financial provisions for the future. Russell Napier is a consultant with CLSA writing on issues affecting global equity markets. After studying law, he began his investment career at Baillie Gifford in Edinburgh managing funds in the Japanese, then the US and finally the Asian markets. Moving to London he was responsible for managing Asian portfolios. In 1995 he relocated to Hong Kong to become the Asian strategist for CLSA. He occupied that position full time until 1999 during which he was ranked number one for Asian strategy in all major industry polls. Since 1999, apart from fulfilling a consultancy roll for CLSA, Russell has created and established a new course called A Practical History of the Financial Markets which is taught through Edinburgh Business School. Another classic of this type is "Manias Panics and Crashes". This one is specific to the four big Bear markets of the last century. The author goes through each one as an example. He identifies each stage and has clippings from the markets on peoples sentiment. Shows pricings and looks for what was the best indicator at the bottom. There is no hype, predictions, or false systems in this book. It's more presenting information and presenting patterns that occured. All the bears follow similar patterns where there is froth, leverage, money sloshing around and everything is priced up a bit. Then some triggering event happens and people either re-evaluate or are forced to change their minds on valuations. Prices drop until they hit a bottom. Things uptrend for a while even though the news is still bad The author goes over each bear and how it's the same and how it's different. Until reading this book, I did not understand or even think about using commodity prices as a leading indicator. Did not know that the stock market turned up before the economy did. Did not know that the great depression involved multiple stages, an international banking crisis, and a late move to gold. After reading this book, now when I see someone on the TV saying that "They've never seen anything like this before" about LTCM, Bear Strerns, or the price of oil or gold I have a better perspective. When someone tells me that "the market has definately found bottom" or "Can't go down from here" I kind of chuckle now. I do know that when people say "This is a great time to buy stocks" they often don't know what they're talking about, or they're making it up. If the credit crisis worsens this year, this summer or the next may be the best buying opportunity in the US stock market in the last 30 years. Hopefully what I've read will be some help. Every downturn is different, and Banks/Fed/Investors act differently each time based on past exp and history It may be that we've already hit bottom It may be that nothing in this book will call the next bottom Only time will tell. Many won't read this book because it doesn't say "Get RICH QUICK" on the front LOL Anatomy of the Bear Lessons from Wall Street's Four Great Bottoms Russell Napier Business Economics Finance Investments Securities Stocks Finanzkrise Bankenkrise Hyperinflation Inflation Great Depression Baisse Shortselling Puts The big short stock marke In englischer Sprache. 304 pages. 23,6 x 16 x 2,8 cm Revised 2009 edition edition (7 July 2009). Artikel-Nr. BN3000

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