The Seven Rules of Wall Street: Crash-Tested Investment Strategies That Beat the Market - Hardcover

Stovall, Sam

Hardcover

ISBN 10: 0071615172 ISBN 13: 9780071615174

Publisher: McGraw-Hill Education, 2009

Synopsis

“Sell in May, and then go away.”

It's an old saying, but this Wall Street adage is as relevant today as when it was first uttered. It worked once again during the market decline that began in 2008. In The Seven Rules of Wall Street, Sam Stovall, master investment strategist and expert on stock market history, presents seven familiar sayings that not only convey enduring truths but also serve as superb investment strategies.

In this engaging guide, Stovall subjects his chosen sayings to the facts of history and to his own personal experience. When it comes to building a portfolio, for instance, should you “let your winners ride, but cut your losers short”? Absolutely. “On average,” Stovall writes, “the 'winners' beat the market by a near two-to-one margin. The winners also beat the losers most years: seven out of every 10 years.”

Other Wall Street one-liners that emerge as timeless truisms include:

• As goes January, so goes the year
• Don't get mad--get even
• Don't fight the Fed
• There's always a bull market someplace

To support his conclusions, Stovall complements his sharp insight with the results of detailed back-testing, as well as tables and charts drawing on decades of stock market data.

A fun and lively read, The Seven Rules of Wall Street provides an abundance of wisdom in remarkably few words--proving that investing books can be as entertaining as they are educating.

About this title

From the Publisher:

Sam Stovall, chief investment strategist at Standard & Poor's Equity Research, serves as chairman as the S&P Investment Policy Committee, where he focuses on market history and valuations. He is the author of The Standard & Poor's Guide to Sector Investing and “Stovall's Sector Watch,” a column featured on www.spoutlook.com.

From the Back Cover:

Markets go up. Markets go down.
But the Seven Rules of Wall Street never lose their value.

“In my many interviews with Sam Stovall over the years, the depth of his common-sense strategies for investment success was always apparent. Happily, he has put his expertise into writing, which can serve as an invaluable guide for investors.”
-Paul Kangas, anchor, Public Television's “Nightly Business Report”

“Sam assembles his encyclopedic knowledge of stock market history into a perspective that provides invaluable, practical guidance for making investment decisions.”
-Wallace F. Forbes, CFA, president, Forbes Investors Advisory Institute

“With wit and wisdom, Sam Stovall adds more punch to seven old famous Wall Street one-liners.”
-Ralph J. Acampora, CMT, Director of Technical Analysis Studies, New York Institute of Finance

“The Seven Rules of Wall Street zeros in on how to put these proven market postulates to work for your portfolio.”
-Yale Hirsch, founder, and Jefrey A. Hirsch, editor, Stock Trader's Almanac

“Since I have known the author from the day he was born, I feel qualified in making a helpful comment on his new book. . . . Simply stated, if a serious reader remembers each point and puts it to use, he or she should have a good chance of enhancing performance.”
-Robert H. Stovall, CFA, global investment strategist, Wood Asset Management

About this edition

• Publisher: McGraw-Hill Education
• Publication date: 2009
• ISBN 10: 0071615172
• ISBN 13: 9780071615174
• Binding: Hardcover
• Edition number: 1
• Number of pages: 192