A prudent guide for self-starting investors with plenty of time and programming abilities.

AUTOMATED STOCK TRADING SYSTEMS

A SYSTEMATIC APPROACH FOR TRADERS TO MAKE MONEY IN BULL, BEAR AND SIDEWAYS MARKETS

An instructional manual focuses on setting up computerized trading systems that can manage the vicissitudes of the stock market.

Bensdorp starts his financial self-help book with a familiar observation: The stock market is notoriously unpredictable, and that volatility induces many investors to make poor decisions wrought by panicked emotions. As an alternative, he proposes the establishment of an automated trading system that doesn’t depend on accurate predictions at all since it is designed to successfully respond to whatever financial circumstances arise. Moreover, since the system runs independent of constant management, it eliminates the problem of emotional decision-making and the “psychological pain” of owning a plunging stock. The author breaks down the basic options for readers, describing four basic styles of trading and seven different systems that can accommodate them. The core of his approach is to employ several “noncorrelated” systems that “combine different directions and different styles, that is, trade long and short and trade trend following and mean reversion.” In other words, the investor can benefit from a market of any variety, bullish or bearish. In lucidly accessible terms, Bensdorp—“a self-taught trader”—explains the fundamentals of his methodology. His approach emphasizes a customized financial profile, one that clearly defines not only investors’ objectives, but also their tolerance for risk and willingness to patiently put in the time to set up the systems in the first place. The author’s counsel is unfailingly sensible and realistic: He cautions readers that this is a “get-rich-slow approach” that “does involve a good deal of effort upfront” and concedes that it could take “years of trial and error.” In addition, this manual is only for those “skilled with programming” since Bensdorp does not walk readers through that aspect of the systems.

A prudent guide for self-starting investors with plenty of time and programming abilities.

Pub Date: Feb. 29, 2020

ISBN: 978-1-5445-0603-6

Page Count: 206

Publisher: Lioncrest Publishing

Review Posted Online: April 29, 2020

Kirkus Reviews Issue: June 1, 2020

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BEATING THE STREET

More uncommonly sensible investment guidance from a master of the game. Drawing on his experience at Fidelity's Magellan Fund, a high- profile vehicle he quit at age 46 in 1990 after a spectacularly successful 13-year tenure as managing director, Lynch (One Up on Wall Street, 1988) makes a strong case for common stocks over bonds, CDs, or other forms of debt. In breezy, anecdotal fashion, the author also encourages individuals to go it alone in the market rather than to bank on money managers whose performance seldom justifies their generous compensation. With the caveat that there's as much art as science to picking issues with upside potential, Lynch commends legwork and observation. ``Spending more time at the mall,'' he argues, invariably is a better way to unearth appreciation candidates than relying on technical, timing, or other costly divining services prized by professionals. The author provides detailed briefings on how he researches industries, special situations, and mutual funds. Particularly instructive are his candid discussions of where he went wrong as well as right in his search for undervalued securities. Throughout the genial text, Lynch offers wry, on-target advisories under the rubric of ``Peter's Principles.'' Commenting on the profits that have accrued to those acquiring shares in enterprises privatized by the British government, he notes: ``Whatever the Queen is selling, buy it.'' In praise of corporate parsimony, the author suggests that, ``all else being equal, invest in the company with the fewest photos in the annual report.'' Another bull's-eye for a consummate pro, with appeal for market veterans and rookies alike. (Charts and tabular material— not seen.)

Pub Date: March 1, 1993

ISBN: 0-671-75915-9

Page Count: 320

Publisher: Simon & Schuster

Review Posted Online: May 20, 2010

Kirkus Reviews Issue: Jan. 1, 1993

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A solid overview of a nation much in world news and of economic trends that will have significant effects in the global...

SAUDI, INC.

THE ARABIAN KINGDOM'S PURSUIT OF PROFIT AND POWER

Tracing the conjoined realms of dynastic politics and international commerce in the history of Saudi Arabia.

It was an Arab from the desert, Abdul Aziz, who led the struggle to unify the tribes of the Arabian Peninsula into the kingdom of al Saud, but what gave him the wherewithal to link the settlements of his new country were petrodollars, brought to the kingdom by an American concern called Aramco. Indeed, writes energy consultant and historian Wald, it was the vision of what the company built for its own workers—schools and hospitals and apartment blocks—that set Abdul Aziz on his modernizing path, which was undertaken with some reluctance since the king “felt more than a little uneasy at the pace at which his people’s traditional lifestyle was changing.” Later, the Saudi government would nationalize Aramco; in recent years, there have been proposals for a public offering, though whether for Saudi investors exclusively or a broader clientele remains to be seen. Wald shows how the al Saud rulers entered into another uneasy alliance—with religious fundamentalists—in order to legitimate and solidify their rule and spread it throughout Arabia. She rejects the thought that, despite the overwhelming Saudi presence among the 9/11 hijackers, the Saudi royals have much involvement with terrorism, which is bent on upsetting their power as much as waging jihad against the West. The author closes by hinting at reforms that she notes at the outset are beyond the scope of her discussion, reforms not just in the structure of Aramco and the company’s approach to energy, but also in the larger Saudi society, evidenced by such things as greater investment in education and a diversified economy in which women fully participate.

A solid overview of a nation much in world news and of economic trends that will have significant effects in the global marketplace in years to come.

Pub Date: April 3, 2018

ISBN: 978-1-68177-660-6

Page Count: 304

Publisher: Pegasus

Review Posted Online: Feb. 6, 2018

Kirkus Reviews Issue: Feb. 15, 2018

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