{"product_id":"being-right-or-making-money-isbn-9781118992067","title":"Being Right or Making Money","description":"\u003cp\u003e\u003cb\u003eSTAY A STEP AHEAD OF THE MARKETS BY REJECTING GUESSES ABOUT THE FUTURE AND TRUSTING TECHNIQUES THAT WORK\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eToday there are as many investment opinions as there are people. But as many a scorned investor can attest, predicting the future isn't easy. In fact, \u003ci\u003eBeing Right or Making Money, Third Edition \u003c\/i\u003eexplains that reliably predicting the future is often not even possible. The good news is that it isn't necessary either. Once you stop trying so hard to be right about the future, you can start making money.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eBeing Right or Making Money, Third Edition\u003c\/i\u003e contains a position trading strategy that any serious investor will want to keep nearby. Using the unbiased, objective standard in this book, you can stay on-target for profit in all market conditions. You'll learn how to create asset allocation models in both stocks and bonds, how to make sense out of contrarian opinion, and how to use indicators to keep you focused, no matter what.\u003c\/p\u003e \u003cp\u003eYou won't find any shock-and-awe investing tactics in this book. Instead, \u003ci\u003eBeing Right or Making Money, Third Edition\u003c\/i\u003e presents the solid trading model that has made Ned Davis Research Group a go-to source for market wisdom.\u003c\/p\u003e \u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Being Right or Making Money 1\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eNed Davis\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eBad News about Forecasting (Being Right) 1\u003c\/p\u003e \u003cp\u003eGood News about Making Money 5\u003c\/p\u003e \u003cp\u003eBeing Right and Other Investment Techniques Are Overrated and Are Not the Keys to Success 6\u003c\/p\u003e \u003cp\u003eThe Four Real Keys to Making Money 7\u003c\/p\u003e \u003cp\u003eThe Battle for Investment Survival and Handling Mistakes 12\u003c\/p\u003e \u003cp\u003eStories of Five Successful Winners 14\u003c\/p\u003e \u003cp\u003eMaking Our Own Reality 19\u003c\/p\u003e \u003cp\u003eThe Ned Davis Research Response to All This 22\u003c\/p\u003e \u003cp\u003eTiming Models 23\u003c\/p\u003e \u003cp\u003eWhat Is Contrary Opinion and How to Use It 29\u003c\/p\u003e \u003cp\u003eHistory and Risk Management 32\u003c\/p\u003e \u003cp\u003eThe Rest of the Book 36\u003c\/p\u003e \u003cp\u003eNotes 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Model‐Building Process 41\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eNed Davis\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThe Model‐Building Process 41\u003c\/p\u003e \u003cp\u003eWhere to Start: Model Inputs 41\u003c\/p\u003e \u003cp\u003eSentiment and Valuation Indicators 42\u003c\/p\u003e \u003cp\u003eMonetary Indicators 43\u003c\/p\u003e \u003cp\u003eEconomic Indicators 47\u003c\/p\u003e \u003cp\u003eInternal Indicators 47\u003c\/p\u003e \u003cp\u003eMoving Averages 48\u003c\/p\u003e \u003cp\u003eCrossings and Slopes 49\u003c\/p\u003e \u003cp\u003eMomentum 54\u003c\/p\u003e \u003cp\u003ePutting Indicators Together 55\u003c\/p\u003e \u003cp\u003eConclusion 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 A Stock Market Model 59\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eLoren Flath\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eA Stock Market Model 59\u003c\/p\u003e \u003cp\u003eOverview of the Fab Five 63\u003c\/p\u003e \u003cp\u003eTape Component 64\u003c\/p\u003e \u003cp\u003eThe Final Tape Component 73\u003c\/p\u003e \u003cp\u003eThe Sentiment Component 74\u003c\/p\u003e \u003cp\u003eSentiment Summary 87\u003c\/p\u003e \u003cp\u003eThe Monetary Model 87\u003c\/p\u003e \u003cp\u003eMonetary Component Summary 96\u003c\/p\u003e \u003cp\u003eFab Five Combo Component 97\u003c\/p\u003e \u003cp\u003eCombo Model Summary 103\u003c\/p\u003e \u003cp\u003eSumming Up the Fab Five 104\u003c\/p\u003e \u003cp\u003eHow We Use the Fab Five 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 A Simple Model for Bonds 105\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eLoren Flath\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eA Slight Modification 109\u003c\/p\u003e \u003cp\u003eSummary 113\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Potential Bear Market in 2014; Bearish Secular Residue and Then Buying Opportunity 115\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eNed Davis\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003ePreparing for a (Say, 20 Percent) Bear Market 115\u003c\/p\u003e \u003cp\u003eSentiment and Valuation Indicators, If One Wanted to Be Bearish 115\u003c\/p\u003e \u003cp\u003eOther Sentiment Indicators 120\u003c\/p\u003e \u003cp\u003eValuation Problems 124\u003c\/p\u003e \u003cp\u003eTrend Indicators to Plan for a Potential Pullback—Follow the Leaders 130\u003c\/p\u003e \u003cp\u003eMore Leading Indicators of Market Peaks 132\u003c\/p\u003e \u003cp\u003eFour‐Year Presidential Cycle Risks 136\u003c\/p\u003e \u003cp\u003eMacro Backdrop: Debt Bubble Update 139\u003c\/p\u003e \u003cp\u003eWatching Fed Policy to Prepare for a Major Pullback in 2014 147\u003c\/p\u003e \u003cp\u003eWhat Do Demographics Say? 151\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 The Aging World: Economic and Market Implications 155\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eAlejandra Grindal\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eGlobal Population View 155\u003c\/p\u003e \u003cp\u003eWhy Is the Population Getting Older? 159\u003c\/p\u003e \u003cp\u003eDemographic Developments 161\u003c\/p\u003e \u003cp\u003eImplications of Aging Populations 165\u003c\/p\u003e \u003cp\u003eWays to Offset a Declining Workforce 172\u003c\/p\u003e \u003cp\u003eConclusion 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 United States Energy Independence –A Game-Changer 179\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJohn LaForge\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eWhat the United States Consumes 181\u003c\/p\u003e \u003cp\u003eThe Thorn in the Side of Energy Independence—Oil and Transportation 183\u003c\/p\u003e \u003cp\u003eChoosing the Right Fuel 195\u003c\/p\u003e \u003cp\u003eWhy Electric Could Be a Game-Changer 198\u003c\/p\u003e \u003cp\u003eWhy Electric Has Yet to Take Off 199\u003c\/p\u003e \u003cp\u003eHow Far Ned Could Go 200\u003c\/p\u003e \u003cp\u003eNat Gas—An Indirect Play on Electric 202\u003c\/p\u003e \u003cp\u003eThe Immediate Impact of Abundant U.S. Energy Resources 209\u003c\/p\u003e \u003cp\u003eA Potential Headache for the U.S. Manufacturing Resurgence 212\u003c\/p\u003e \u003cp\u003eConclusion 215\u003c\/p\u003e \u003cp\u003eAbout the Authors 217\u003c\/p\u003e \u003cp\u003eAbout the Contributors 219\u003c\/p\u003e \u003cp\u003eIndex 223\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eNED DAVIS\u003c\/b\u003e is Senior Investment Strategist and founder of Ned Davis Research Group (NDRG) and is widely quoted by media and Wall Street sources. He has been professionally involved in the stock market for over 40 years.   \u003c\/p\u003e\u003cp\u003e\u003cb\u003eSTAY A STEP AHEAD OF THE MARKETS BY REJECTING GUESSES ABOUT THE FUTURE AND TRUSTING TECHNIQUES THAT WORK\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eBeing Right or Making Money, Third Edition\u003c\/i\u003e represents the consolidatedwisdom of the highly regarded Ned Davis Research Group. Surprisingly, this wisdom flies in the face of many of the new, trendy investment ideas that this century has produced. In this book, the Ned Davis Research specialists unflinchingly assert that risk-averse position traders have been more successful on average than the high profile, flash-in-the-pan day traders. Solid analysis and clear examples support this opinion, and the result is a book that should serve serious investors well in the coming years. \u003c\/p\u003e\u003cp\u003eTechnologies, bubbles, and scandals have left many traders' heads spinning. Building resilient portfolios and solid long-term positions isn't what it used to be. Thankfully, the changes that we've seen—demographics, U.S. energy strategy, etc.—are relatively easy to cope with once they're understood. With a solid strategy involving asset allocation models and long-term charts, this book helps readers recognize low- and high-risk opportunities, leading to the development of sound money management skills. \u003c\/p\u003e\u003cp\u003eComing out ahead in the long run requires, as always, a broad understanding of social, political, technological, and economic trends. These are the big ideas that really move markets. \u003ci\u003eBeing Right or Making Money, Third Edition\u003c\/i\u003e was written to inform and inspire investors to rally around these issues, bypassing the spastic ups and downs that characterize day trading. When you start to think about the big ideas, big success will follow.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988801601765,"sku":"NP9781118992067","price":40.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118992067.jpg?v=1761781645","url":"https:\/\/k12savings.com\/es\/products\/being-right-or-making-money-isbn-9781118992067","provider":"K12savings","version":"1.0","type":"link"}