The Art of Short Selling A Marketplace Book Mobi Í 304 pages µ Johnscyclingdiary

Mobi Ò The Art of Short Selling A Marketplace Book ↠ Kathryn F. Staley

A one of a kind book that shows you how to cash in on the latestinvesting trend short sellingThe Art of Short Selling is the best description of this difficulttechniue John Train Train Thomas Smith Investment Counsel and author of The New Money MastersKathryn Staley has done a masterful job explaining the highlyspecialized art of short selling Her approach to telling the truestories of famous investment 'scams' will keep the readerspellbound while teaching the investor many cruciallessons David W Tice Portfolio Manager Prudent BearFundSelling short is still a misunderstood discipline but even themost raging bull needs to know this valuable techniue to masterthe ever changing markets Jim Rogers author InvestmentBikerOn the investment playing field there is perhaps no game exciting than short selling With the right moves it can yieldhigh returns; one misstep however can have disastrousconseuences Despite the risk a growing number of players areantei Growth is a good stock to own and a great stock to short if you can time both sides of the pyramid

Text The Art of Short Selling A Marketplace Book

The Art of Short Selling A Marketplace BookNg up sparked in part by success stories such as that ofGeorge Soros and the billions he netted by short selling theBritish pound In The Art of Short Selling Kathryn Staley anexpert in the field examines the essentials of this importantinvestment vehicle providing a comprehensive game plan with whichyou can effectively play and win the short selling gameWhether used as a means of hedging bets decreasing the volatilityof total returns or improving returns short selling must behandled with care and with the right know how As Staley pointsout Short selling is not for the faint of heart If a stock movesagainst the position holder the effect on a portfolio and networth can be devastating Investors need to understand the impacton their accounts as well as the conseuences of getting bought inbefore they indulge in short selling The Art of Short Sellingguides you clearly and concisely through the ins and outs of thishigh risk high stakes gameThe first and As I am not into short selling this book felt little dry But the author was clear with the concept and definitely a good readI thank the author for getting us to know about the mysterious world of short selling

Kathryn F. Staley ↠ The Art of Short Selling A Marketplace Book Kindle

The Art of Short Selling A Marketplace Book Mobi Í 304 pages µ Johnscyclingdiary ☆ [KINDLE] ❆ The Art of Short Selling A Marketplace Book Author Kathryn F. Staley – Johns-cycling-diary.co.uk A one of a kind book that shows you how to cash in on the latestinvesting trend shortMost important move in selling short is to identifyflaws in a business before its share prices drop To help youtackle this key step Staley shows you how to evaluate companyfinancial statements and balance sheets make sense of returnratios detect inconsistencies in inventory and analyze thestatement of cash flows Through real world examples thatillustrate the shorting of bubble high multiple growth and themestocks you'll proceed step by step through the complete processand learn to carry out all the essentials for a successful shortsell including uantifying the risk factor and orchestratingcorrect timing as well as implementing advanced valuationtechniues to execute the sellbuyPacked with landmark cutting edge examples up to the minuteguidelines and pertinent regulations The Art of Short Selling isa timely and comprehensive reference that arms you with thenecessary tools to make a prepared and confident entrance onto theshort selling playing field There are very few books on fundamental short selling of stocks but this is one of the well known ones It covers many aspects of the trade very well but leaves others out Unfortunately we are still waiting for the definite book on shorting preferably written by some of the veterans of the gameThere are three parts to the book where the first gives an okay background to the area and its practitioners Short candidates are categorized into companies that a lie to investors through their accounting b have expensive valuations and c will be negatively affected by external events Signals used by those shorting are according to the author a accounting warning flags b signs of “insider sleaze” c stellar stock price rises d cash consuming companies and e overvalued assets or ugly balance sheetsThen the absolute bulk of the book is a number of rather old case studies meant to exemplify different types of short selling cases – although not exactly linking to the categories in part one The author has had good access to commentary from a number of veteran short sellers through interviews I still think the author could have drawn explicit deductions from these as they now mostly resemble a line up of successful war storiesThe storyline is that clever short sellers first see something that daft Wall Street analysts or long only investors couldn’t detect Then the investment case either takes longer to pan out than expected or the short sellers are tormented by violent short sueezes causing pain but in the end they are always vindicated and the company lead by the evil managers dwindles into disaster Finally there is a short wrap up where Staley draws some general conclusions about the field but also gives a historical account of shortingKathryn Staley have as I understand it from the sleeve of the book worked with both hedge funds and brokerages in trying to find stocks to short She has taught financial statement analysis for AIMR the Association for Investment Management Research and “reads balance sheets and footnotes for fun and profit” Despite her experience as a short seller there is very little of technical detail in the book as it is written in an anecdotal almost journalistic style As an example if Days Sales of Inventory is one of the most reliable signs of trouble as is claimed how is the ratio calculated what are the pros and cons of using it and which other indicators are useful to complement it with? Even though the title points to the “art” or short selling I think the “craft” could have deserved some spaceEven though the tone can sometimes become a bit too idolizing the strong aspect of the book is that you get a fair grip of the psychology of shorting and above all of the character of short sellers Their contrarian nature is described as ambitious cynical driven single minded – even pigheaded – and sometimes frugal and anti social They are curious hard working and find pleasure in finding the truth and being smarter than the gullible investment crowd as stocks blow up The author describes an almost moralist disposition since short sellers enjoy exposing the corporate fraudsters who waste the shareholders money I also like how the book defuses short selling and shows how very similar the research into investment cases is on the short side and the long side Long only investors can a