Being Right or Making Money

This book is about the four common traits of successful money managers. Bringing the Ned Davis Research Group''s insights and experience to the table, it's a dissection of what contributed to the stock market bubble of 2000 and a no-nonsense look into what is moving our economy right now. The economy model building process and analyses of stock and bond market timing are discussed in depth. According to Ned Davis, the business of speculating is largely psychological. As he states: ""In case we are being swept up by the crowd or in case our own reality becomes badly distorted, what we need is

About the Contributors.

Being Right or Making Money; Disclaimer; Contents; Foreword; Preface; Acknowledgments; CHAPTER 1 Being Right or Making Money; Bad News about Forecasting (Being Right); Good News about Making Money; Being Right and Other Investment Techniques Are Overrated and Are Not the Keys to Success; The Four Real Keys to Making Money; The Battle for Investment Survival and Handling Mistakes; Stories of Five Successful Winners; Making Our Own Reality; The Ned Davis Research Response to All This; Timing Models; What Is Contrary Opinion and How to Use It; History and Risk Management; The Rest of the Book.

NotesCHAPTER 2 The Model-Building Process; The Model-Building Process; Where to Start: Model Inputs; Sentiment and Valuation Indicators; Monetary Indicators; Economic Indicators; Internal Indicators; Moving Averages; Crossings and Slopes; Momentum; Putting Indicators Together; Conclusion; CHAPTER 3 A Stock Market Model; A Stock Market Model; Overview of the Fab Five; Tape Component; The Final Tape Component; The Sentiment Component; Sentiment Summary; The Monetary Model; Monetary Component Summary; Fab Five Combo Component; Combo Model Summary; Summing Up the Fab Five; How We Use the Fab Five.…