{"product_id":"doug-kass-on-the-market-isbn-9781118892985","title":"Doug Kass on the Market","description":"\u003cb\u003eBuild a bulletproof portfolio with advice from a top market expert\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eDoug Kass on the Market: A Life on TheStreet™ \u003c\/i\u003e provides investment advice and guidance from one of the most renowned traders in the world. Author Doug Kass distills his years of experience as a hedge fund manager and infamous short seller to share the theory, technique, and intuition that built his reputation and his portfolio. Anecdotes about interactions with Wall Street's most famous names, including Buffett, Cramer, and Cooperman, highlight tricks of the trade, essential value investor insight, and the secrets to being a smart short.\u003c\/p\u003e \u003cp\u003eDoug Kass's reputation as a savvy investor is well-earned and widely recognized. His work on Wall Street gained him heavyweight status, and the friendship, the respect, and the ear of some of the biggest names in finance. As a CNBC regular and 2013 Buffet Bear, Kass is widely known as a trusted source of wisdom and profitable insight. In \u003ci\u003eDoug Kass on the Market\u003c\/i\u003e, readers learn valuable lessons that that will help them make smarter investment decisions. Kass lists the most important things to know when evaluating a possible long or short investment, and explains the things you're not doing to optimize your portfolio. Topics include:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eGoing against the grain\u003c\/li\u003e \u003cli\u003eData versus instinct\u003c\/li\u003e \u003cli\u003eValuation, bubbles, and momentum\u003c\/li\u003e \u003cli\u003eInterest rates, inflation, and the Fed\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe book also describes how to short a stock properly without losing out and discusses the C-suite conversations that fund managers would never tell a lay shareholder. Kass's record proves the value of his acumen, and this book contains a comprehensive account of his talent and techniques. All investors deserve a chance at a more robust portfolio, and \u003ci\u003eDoug Kass on the Market\u003c\/i\u003e provides the information and guidance that can make that happen.\u003c\/p\u003e \u003cp\u003eForeword xiii\u003cbr\u003e\u003ci\u003eJames J. Cramer\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003ePreface xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eWhere It Began 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003eThe Contrarian 2\u003c\/p\u003e \u003cp\u003eA Longtime Bear Turns Bull 5\u003c\/p\u003e \u003cp\u003eWhat a Long, Strange Trip It’s Been 9\u003c\/p\u003e \u003cp\u003e\u003cb\u003eShort-Selling 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 13\u003c\/p\u003e \u003cp\u003eThe Case for Short-Selling 14\u003c\/p\u003e \u003cp\u003eShort-Sellers under Fire 18\u003c\/p\u003e \u003cp\u003eHow to Short 21\u003c\/p\u003e \u003cp\u003eLehman Can’t Blame Shorts 23\u003c\/p\u003e \u003cp\u003eStop Pointing Fingers at Short-Sellers 25\u003c\/p\u003e \u003cp\u003eBlame Game Is Dishonest 27\u003c\/p\u003e \u003cp\u003e11 Ways to Fix the Short Ban 29\u003c\/p\u003e \u003cp\u003eLeave the Short-Sellers Alone 32\u003c\/p\u003e \u003cp\u003eIn Defense of Short-Selling 39\u003c\/p\u003e \u003cp\u003e\u003cb\u003eLessons Learned 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 43\u003c\/p\u003e \u003cp\u003eSniffing Out Bad Stocks 44\u003c\/p\u003e \u003cp\u003eLaugh at Your Own Expense 45\u003c\/p\u003e \u003cp\u003eWhen the Bond Market Talks, Listen 46\u003c\/p\u003e \u003cp\u003ePoker Is Flush with Insight for Traders 48\u003c\/p\u003e \u003cp\u003eMy Tenets of Investing 50\u003c\/p\u003e \u003cp\u003e12 Investment Principles for the Abyss 54\u003c\/p\u003e \u003cp\u003eMy Recession Checklist 55\u003c\/p\u003e \u003cp\u003eKill the Quants, Punish the ProBears 57\u003c\/p\u003e \u003cp\u003eChase Value, Not Price 60\u003c\/p\u003e \u003cp\u003eSix Ways to Right Your Wrongs 62\u003c\/p\u003e \u003cp\u003eFour Stages of Market Turning Points 63\u003c\/p\u003e \u003cp\u003eMoving On 65\u003c\/p\u003e \u003cp\u003eAdapting to Mr. Market 67\u003c\/p\u003e \u003cp\u003eIn Bernanke We Trust? 68\u003c\/p\u003e \u003cp\u003eAmerica’s Pastime Applies to Markets 72\u003c\/p\u003e \u003cp\u003eLet the Trading Day Commence 76\u003c\/p\u003e \u003cp\u003eA Delicate Balance 85\u003c\/p\u003e \u003cp\u003eThe Lion’s Share 86\u003c\/p\u003e \u003cp\u003eWhat to Do When You’re Wrong 91\u003c\/p\u003e \u003cp\u003eBeware the Stock Market Trading Jones 92\u003c\/p\u003e \u003cp\u003eAddressing the Fiscal Cliff 97\u003c\/p\u003e \u003cp\u003eOne Shining Moment 102\u003c\/p\u003e \u003cp\u003eTime Frames and Exposures 105\u003c\/p\u003e \u003cp\u003eSuch a Long Time to Be Gone and a Short Time to Be Here 108\u003c\/p\u003e \u003cp\u003e10 Laws of Stock Market Bubbles 112\u003c\/p\u003e \u003cp\u003eMy Stock Market Super Bowl Indicator 116\u003c\/p\u003e \u003cp\u003e\u003cb\u003eThe Great Decession: Subprime and Credit\/Debt Crisis 119\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 119\u003c\/p\u003e \u003cp\u003eTrouble Looms for the Homebuilders 120\u003c\/p\u003e \u003cp\u003eStretched Consumer Nears Tipping Point 123\u003c\/p\u003e \u003cp\u003eWhen the Walls Come Tumbling Down 127\u003c\/p\u003e \u003cp\u003eWhen the Walls Come Tumbling Down (Part Deux) 129\u003c\/p\u003e \u003cp\u003eHousing Headed to the Woodshed 132\u003c\/p\u003e \u003cp\u003eHousing’s Softness Has Long Reach 134\u003c\/p\u003e \u003cp\u003eSubpar Subprime a Growing Problem 136\u003c\/p\u003e \u003cp\u003eRatings Are Subprime’s Dirty Secret 138\u003c\/p\u003e \u003cp\u003eSubprime Fungus Will Spread 139\u003c\/p\u003e \u003cp\u003eSubprime’s Siren Call 141\u003c\/p\u003e \u003cp\u003eFour to Blame for the Subprime Mess 147\u003c\/p\u003e \u003cp\u003eFed Is No Savior in Subprime Slide 151\u003c\/p\u003e \u003cp\u003eThe Simple Math of Subprime’s Slide 152\u003c\/p\u003e \u003cp\u003eHousing Red Ink Could Spell Recession 155\u003c\/p\u003e \u003cp\u003eHedge Funds’ Dirty Little Debt Secret 157\u003c\/p\u003e \u003cp\u003eLoaded Up on Leverage 159\u003c\/p\u003e \u003cp\u003eDon’t Underestimate How Bad Things Are 162\u003c\/p\u003e \u003cp\u003eNo Quick and Easy Fix for This Market 164\u003c\/p\u003e \u003cp\u003eBrokers’ Profits Riskier 167\u003c\/p\u003e \u003cp\u003eShaking Off the Credit Nightmare 169\u003c\/p\u003e \u003cp\u003eBlinded by the Derivatives Boom 170\u003c\/p\u003e \u003cp\u003eA Market on the Brink 176\u003c\/p\u003e \u003cp\u003eTwo Solutions to What Ails the Market 179\u003c\/p\u003e \u003cp\u003eReady for the Bear Stearns Challenge? 183\u003c\/p\u003e \u003cp\u003eInvestors Have Lost Their Innocence 189\u003c\/p\u003e \u003cp\u003eWall Street Has Sold Out America 191\u003c\/p\u003e \u003cp\u003eWelcome to Dystopia 193\u003c\/p\u003e \u003cp\u003eHarder than the Average Bear 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003eRecovery 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 201\u003c\/p\u003e \u003cp\u003eThe Parable of the Mustard Seed 202\u003c\/p\u003e \u003cp\u003eOn the Road to Recovery 204\u003c\/p\u003e \u003cp\u003eFear and Loathing on Wall Street 207\u003c\/p\u003e \u003cp\u003eBottoms Up, Mr. Market 215\u003c\/p\u003e \u003cp\u003eBottom Call (Part Deux) 217\u003c\/p\u003e \u003cp\u003ePrinting an Important Market Bottom 219\u003c\/p\u003e \u003cp\u003eIt Ain’t Heavy, It’s a Bottom 220\u003c\/p\u003e \u003cp\u003eThe Little Market that Could 223\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAgainst the Grain 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 227\u003c\/p\u003e \u003cp\u003eExperts Agree, Recession Is Over 228\u003c\/p\u003e \u003cp\u003eMarket Has Likely Topped 229\u003c\/p\u003e \u003cp\u003eBearish Arguments Are Roaring 232\u003c\/p\u003e \u003cp\u003eTop 20 Signs How Bad the Economy Is 238\u003c\/p\u003e \u003cp\u003eMore Nuance Is in Store 239\u003c\/p\u003e \u003cp\u003eWe Are the World 243\u003c\/p\u003e \u003cp\u003eThe Decade of the Temporary Worker 246\u003c\/p\u003e \u003cp\u003eThe Scale Tips to the Bullish Side 249\u003c\/p\u003e \u003cp\u003eThe Lost Decade Has Passed Us 253\u003c\/p\u003e \u003cp\u003eEquities Edge toward a Top 255\u003c\/p\u003e \u003cp\u003eMore on Screwflation 259\u003c\/p\u003e \u003cp\u003eA Contagion of Black Swans 261\u003c\/p\u003e \u003cp\u003eApocalypse Soon 263\u003c\/p\u003e \u003cp\u003e10 Reasons to Buy American 269\u003c\/p\u003e \u003cp\u003eThe Case for Shorting U.S. Bonds 271\u003c\/p\u003e \u003cp\u003eResidential Real Estate Is Ready to Recover 274\u003c\/p\u003e \u003cp\u003eThe Bear Case for Apple 276\u003c\/p\u003e \u003cp\u003eA House Divided against Itself 280\u003c\/p\u003e \u003cp\u003eBeware the Interest Rate Cliff 284\u003c\/p\u003e \u003cp\u003eHousing Faces a Credit Event 286\u003c\/p\u003e \u003cp\u003eQE’s Growing Impotence 290\u003c\/p\u003e \u003cp\u003eFlawed Case for a Bull Market 292\u003c\/p\u003e \u003cp\u003eEverybody in the Pool 296\u003c\/p\u003e \u003cp\u003eExpect the Unexpected in 2014 298\u003c\/p\u003e \u003cp\u003eClimbing a Wall of Complacency 301\u003c\/p\u003e \u003cp\u003eTurn, Turn, Turn 305\u003c\/p\u003e \u003cp\u003e\u003cb\u003eWall Street Personalities 309\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 309\u003c\/p\u003e \u003cp\u003eA Soros Story 310\u003c\/p\u003e \u003cp\u003eThe Bearded Prophet of the Apocalypse 312\u003c\/p\u003e \u003cp\u003eOn Being Jim Cramer 315\u003c\/p\u003e \u003cp\u003eDefending Cramer 316\u003c\/p\u003e \u003cp\u003eDefending Cramer (Part Deux) 319\u003c\/p\u003e \u003cp\u003eLeon Cooperman and James Brown: The Godfathers of Hard Work 322\u003c\/p\u003e \u003cp\u003eBen Stein Whistles Past Mortgage Mess 324\u003c\/p\u003e \u003cp\u003eCurb Your Enthusiasm, Ben Stein 326\u003c\/p\u003e \u003cp\u003eBen Stein Blames You 328\u003c\/p\u003e \u003cp\u003eEat My Shorts, Ben Stein 335\u003c\/p\u003e \u003cp\u003eMy Q\u0026amp;A with Nouriel Roubini 337\u003c\/p\u003e \u003cp\u003eThe Orchid Indicator 339\u003c\/p\u003e \u003cp\u003eThe Most Important Book 342\u003c\/p\u003e \u003cp\u003eThe Gospel According to Barton Biggs 347\u003c\/p\u003e \u003cp\u003eWalt’s Wit 350\u003c\/p\u003e \u003cp\u003eAlan Abelson and Me 354\u003c\/p\u003e \u003cp\u003eAn Open Letter to Sir Larry Kudlow 358\u003c\/p\u003e \u003cp\u003eMore Remarkable Tales of Boca Biff 360\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBuffett Watch 373\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 373\u003c\/p\u003e \u003cp\u003e11 Reasons to Short Berkshire 374\u003c\/p\u003e \u003cp\u003eBuffett Veers Off His Investment Path 379\u003c\/p\u003e \u003cp\u003eWarren Buffett Has Lost His Groove 381\u003c\/p\u003e \u003cp\u003eBuffett Brought Down to Earth 383\u003c\/p\u003e \u003cp\u003eIs This the End of Warren Buffett? 384\u003c\/p\u003e \u003cp\u003eOne of the Worst Beatings Ever 386\u003c\/p\u003e \u003cp\u003eBuy American? I’m Damned! 390\u003c\/p\u003e \u003cp\u003eBurlington Bet Could Derail Berkshire 395\u003c\/p\u003e \u003cp\u003eOmaha, Here I Come! 396\u003c\/p\u003e \u003cp\u003eMy Pilgrimage to Warren Buffett’s Omaha 398\u003c\/p\u003e \u003cp\u003eWarren and Me 401\u003c\/p\u003e \u003cp\u003eLittle-Known Facts about Warren Buffett 404\u003c\/p\u003e \u003cp\u003eConversing with the Oracle 406\u003c\/p\u003e \u003cp\u003eMy Berkshire Q\u0026amp;A Recap 413\u003c\/p\u003e \u003cp\u003eThe Rabbi and the Oracle 421\u003c\/p\u003e \u003cp\u003eLessons Never Learned 424\u003c\/p\u003e \u003cp\u003e\u003cb\u003eSurprises 427\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction 427\u003c\/p\u003e \u003cp\u003e25 Surprises for 2003 430\u003c\/p\u003e \u003cp\u003eSurprises in Store for 2004 431\u003c\/p\u003e \u003cp\u003eSome Surprises in Store for 2005 434\u003c\/p\u003e \u003cp\u003eSurprises for 2006 438\u003c\/p\u003e \u003cp\u003e25 Surprises for 2007 444\u003c\/p\u003e \u003cp\u003e20 Surprises for 2008 450\u003c\/p\u003e \u003cp\u003e20 Surprises for 2009 454\u003c\/p\u003e \u003cp\u003e20 Surprises for 2010 461\u003c\/p\u003e \u003cp\u003e15 Surprises for 2011 466\u003c\/p\u003e \u003cp\u003e15 Surprises for 2012 479\u003c\/p\u003e \u003cp\u003eFive More Surprises for 2012 488\u003c\/p\u003e \u003cp\u003e15 Surprises for 2013 489\u003c\/p\u003e \u003cp\u003e15 Surprises for 2014 505\u003c\/p\u003e \u003cp\u003eEpilogue 517\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eDOUG KASS\u003c\/b\u003e is the president of Seabreeze Partners Management Inc. From 1994 to 1996, he was a senior portfolio manager at Omega Advisors, a $10 billion investment partnership. Formerly, he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles\/CSG. He was a General Partner of Glickenhaus \u0026amp; Co., and held various positions with Putnam Management and Kidder, Peabody. Doug is the coauthor of \u003ci\u003eCitibank: The Ralph Nader Report\u003c\/i\u003e with Nader and the Center for the Study of Responsive Law, and since 2003 he has been a guest host on CNBC's \u003ci\u003eSquawk Box\u003c\/i\u003e. He has an MBA from The Wharton School of the University of Pennsylvania.   \u003c\/p\u003e\u003cp\u003e\u003ci\u003eDoug Kass on the Market: A Life on TheStreet\u003c\/i\u003e™ is filled with invaluable investment advice and guidance from one of the most renowned traders in the world. Doug Kass distills his years of experience as a hedge fund manager and infamous short seller to share the theory, technique, and intuition that built his sterling reputation and his giant-sized portfolio. To top it off, Kass reveals captivating, behind-the-scenes anecdotes about his interactions with Wall Street luminaries, including Warren Buffett, Jim Cramer, and Lee Cooperman.\u003c\/p\u003e \u003cp\u003eDoug Kass has a contrarian approach to investing that provides differentiated and hard-hitting analysis that is captured in his thoroughly enjoyable writing style. As a CNBC regular and 2013 Buffett Bear, Kass is widely known as a trusted source of profitable knowledge. Designed to help traders and investors make smarter investment decisions, \u003ci\u003eDoug Kass on the Market\u003c\/i\u003e offers a wealth of valuable lessons, lists the most important things to know when evaluating a possible long or short investment, and explains the things you're not doing to optimize your portfolio.\u003c\/p\u003e \u003cp\u003eThere are no sacred cows in Doug Kass's investment world, and he tackles even the most taboo of topics including: What to Do When You're Wrong; Shaking Off the Credit Nightmare; Hedge Funds' Dirty Little Debt Secret; and Wall Street Has Sold Out America. He offers solid advice for building your portfolio and shows how to short a stock without losing out. Kass also discusses the C-suite conversations that fund managers would never tell a lay shareholder.\u003c\/p\u003e \u003cp\u003eWith \u003ci\u003eDoug Kass on the Market\u003c\/i\u003e you will discover the tricks of the trade, tap into Kass's essential value investor insights, and uncover the secrets to being a savvy short investor.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eDOUG KASS ON THE MARKET\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003eDoug Kass on the Market: A Life on TheStreet™\u003c\/i\u003e is filled with invaluable investment advice and guidance from one of the most renowned traders in the world. Doug Kass distills his years of experience as a hedge fund manager and infamous short seller to share the theory, technique, and intuition that built his sterling reputation and his giant-sized portfolio. To top it off, Kass reveals captivating, behind-the-scenes anecdotes about his interactions with Wall Street luminaries, including Warren Buffett, Jim Cramer, and Lee Cooperman. \u003c\/p\u003e\u003cp\u003eDoug Kass has a contrarian approach to investing that provides differentiated and hard-hitting analysis that is captured in his thoroughly enjoyable writing style. As a CNBC regular and 2013 Buffett Bear, Kass is widely known as a trusted source of profitable knowledge. Designed to help traders and investors make smarter investment decisions, \u003ci\u003eDoug Kass on the Market\u003c\/i\u003e offers a wealth of valuable lessons, lists the most important things to know when evaluating a possible long or short investment, and explains the things you're not doing to optimize your portfolio. \u003c\/p\u003e\u003cp\u003eThere are no sacred cows in Doug Kass's investment world, and he tackles even the most taboo of topics including: What to Do When You're Wrong; Shaking Off the Credit Nightmare; Hedge Funds' Dirty Little Debt Secret; and Wall Street Has Sold Out America. He offers solid advice for building your portfolio and shows how to short a stock without losing out. Kass also discusses the C-suite conversations that fund managers would never tell a lay shareholder. \u003c\/p\u003e\u003cp\u003eWith \u003ci\u003eDoug Kass on the Market\u003c\/i\u003e you will discover the tricks of the trade, tap into Kass's essential value investor insights, and uncover the secrets to being a savvy short investor.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989083537637,"sku":"NP9781118892985","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118892985.jpg?v=1761782727","url":"https:\/\/k12savings.com\/es\/products\/doug-kass-on-the-market-isbn-9781118892985","provider":"K12savings","version":"1.0","type":"link"}