Description
Book SynopsisWhether you are an investment professional managing billions of dollars or an individual investor with a small nest egg,
TrimTabs Investing shows you how to beat the major stock market averages with less risk. This groundbreaking book begins by comparing the stock market to a casino in which the house (public companies and the insiders who run them) buys and sells shares with the players (institutional and individual investors).
TrimTabs Investing argues that stock prices are primarily a function of liquiditythe amount of shares available for purchase and the amount of money available to buy themrather than fundamental value. Finally, it outlines the building blocks of liquidity theory and explains how you can use them to predict the direction of the stock market.
Charles Biderman, a savvy and battle-scarred veteran of the investment wars, has fashioned an intriguing approach to making money in the stock market that adroitly avoids both heavy-breathing speculation and
Table of Contents
Acknowledgment.
Introduction.
PART ONE: INTRODUCING LIQUIDITY THEORY.
Chapter 1. A Tale of Fortune Lost.
Chapter 2. The Genesis of Liquidity Theory.
Chapter 3. The Principles of Liquidity Theory.
Chapter 4. The Building Blocks of Liquidity Analysis.
PART TWO: INSIDE LIQUIDITY THEORY.
Chapter 5. Demolishing the Cult of Earnings.
Chapter 6. The House: Secret Corporate Power.
Chapter 7. The Players: Buying, Selling, and Borrowing.
PART THREE: LOOKING BACK.
Chapter 8. The Bull Market and the Bubble.
Chapter 9. The Aftermath.
PART FOUR: Liquidity Theory in Action.
Chapter 10. Swinging for Singles: Lower-Risk Strategies.
Chapter 11. Swinging for the Fences: More Aggressive Strategies.
PART FIVE: LOOKING AHEAD.
Chapter 12. Managing Difficulties.
Chapter 13. New Applications.
Chapter 14. How Liquidity Could Save the Markets.
Appendix: Historical Liquidity Data.
About the Authors.
Index.
