A prudent guide for self-starting investors with plenty of time and programming abilities.
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
Review Program: Kirkus Indie
Finance wonks and investment strategists will enjoy this plainspoken tour of index funds and their discontents.
A Financial Times global correspondent delivers a bracing story of how money works—or, depending on your point of view, doesn’t work.
There are two broad categories of investing, characterized incompletely by the terms active and passive. In the first, investment funds are closely managed, while in the second, they’re parked in broad-based accounts that cover the range of the market and earn out by virtue of being balanced. As Wigglesworth’s account opens, Warren Buffett offers a million-dollar bet “that an index fund that simply tracked the US stock market would beat any group of high-flying hedge fund managers.” In the strictest terms, Buffett turned out to be right, though with qualifications. Wigglesworth sets the Buffett wager against the background of a changing Wall Street, where the culture of “prudent men…quietly tending casks of slowly maturing capital,” as one magazine described it in the 1960s, gave way to a rapacious ethos of boundless fortune-seeking. The “lazy” path invented by financiers who translated mutual funds into index funds turns out to be the safer course for most investors, at least in part because the active managers have a tendency to pay themselves handsomely and have no incentives to keep their funds manageable. Yet, as Wigglesworth writes, the hedge fund culture is alive and well: “Wall Street loves success more than modesty,” even if success comes and goes and the tortoise generally beats the hare. Meanwhile, though the index-fund approach ensures that the average investor will profit over time, it’s not without its drawbacks, including, as the author notes, negative effects on corporate governance and accountability. For all that, he concludes, “the index fund is one of the few truly, nearly unambiguously beneficial inventions, a disruptive technology that has already saved investors hundreds of billions of dollars, sums that will undoubtedly reach trillions in years to come.”
Finance wonks and investment strategists will enjoy this plainspoken tour of index funds and their discontents.Pub Date: Oct. 12, 2021
ISBN: 978-0-593-08768-8
Page Count: 352
Publisher: Portfolio
Review Posted Online: Aug. 12, 2021
Kirkus Reviews Issue: Sept. 1, 2021
An up-and-down self-help manual that reads less like motivation for readers and more like an extension of the author’s brand.
A new motivational book from the acclaimed rapper.
It’s no surprise that the creator of the hit 2006 song “Hustlin’ ” can sense an opportunity. The idea of rolling out a post-pandemic rule book for those looking to make good on their quarantine dreams is a good one, even if Ross doesn’t quite pull it off. There’s no doubt that the multiplatinum rapper knows how to put words together. By fashioning them into bite-sized chapters devoted to truisms like “Stack Your Paper” or “Bosses Stay Students,” he makes it difficult to poke holes in many of his straightforward arguments. He even delivers some intriguing nuggets—e.g., when he writes about his visit to Kanye West’s mysterious artistic headquarters, Atlanta’s Pinewood Studios, the sprawling property owned by Dan Cathy, the controversial CEO of Chick-fil-A, who has apparently befriended West. “This kept happening during my visit,” said Ross, explaining how West would act and speak erratically. “Kanye would have my attention and he’d be onto something, but then he would lose me.” Interestingly enough, the same can be said for Ross, who makes some moves of his own that are hard to follow. He begins the first chapter with a lovely meditation about buying a John Deere tractor and how mowing his own lawn during the pandemic allowed him to explore his property in a way that he hadn’t yet because he was too busy. Later, he reveals it was essentially product placement and a way of using the book to make another deal. “The way I promoted my John Deere tractor earlier in this book, you might assume they were sponsoring all the landscaping costs at The Promise Land,” he writes. “They’re not yet. But I look forward to doing business with them in the future.”
An up-and-down self-help manual that reads less like motivation for readers and more like an extension of the author’s brand.Pub Date: Sept. 7, 2021
ISBN: 978-1-335-52252-8
Page Count: 304
Publisher: Hanover Square Press
Review Posted Online: July 13, 2021
Kirkus Reviews Issue: Aug. 1, 2021
BOOK REVIEW
BOOK REVIEW
© Copyright 2025 Kirkus Media LLC. All Rights Reserved.
Follow
Popular in this Genre
We can’t wait for you to join Kirkus!
It’s free and takes less than 10 seconds!
Already have an account? Log in.
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
Welcome Back!
OR
Sign in with GoogleTrouble signing in? Retrieve credentials.
