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| Charles Biderman, David Santschi | ||||
| Wiley | ||||
| 2005 | ||||
| English | ||||
| 194 pages | ||||
| 1.21 MB | ||||
[tab] [content title="Summary"] The book begins by likening the stock market to a casino, where the "house" consists of public companies and their insiders, while the "players" are institutional and individual investors. **TrimTabs Investing** posits that stock prices are primarily driven by liquidity—the availability of shares for purchase and the amount of money ready to buy them—rather than by fundamental value. It outlines the foundational elements of liquidity theory and explains how these can be used to predict market movements. Charles Biderman, an experienced veteran of the investment world, offers a compelling approach to stock market investing that skillfully avoids both reckless speculation and the conventional Wall Street practices that often lead investors to losses in any market condition. Aimed at sophisticated investors (though the term might be somewhat ironic), the book is written in clear, accessible language and is a valuable read for anyone interested in investing. Alan Abelson of Barron’s praises Biderman's insights, noting that the book provides a much-needed perspective on how the supply of stock shares significantly influences stock prices. Paul Montgomery, CEO and CIO of Montgomery Capital Management, emphasizes the importance of understanding the “Trading Float,” which reveals the exploitable dynamics behind significant market movements. Eric Zitzewitz, Assistant Professor of Economics at Stanford, highlights Biderman's key insight: to invest like corporate executives do, rather than relying solely on their public statements. This book effectively shows retail investors how to apply this principle in their own strategies. Andrew Tobias, author of *The Only Investment Guide You'll Ever Need*, commends Biderman as a clear thinker and writer, noting that this book caters to both casual readers interested in money and economics and to more experienced investors who might find valuable ideas within its pages. [/content] [content title="Content"] [/content] [content title="Author(s)"] [/content] [/tab]
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