Bulls Make Money, Bears Make Money, Pigs Get Slaughtered: Wall Street Truisms that Stand the Test of Time - Hardcover

Anthony M. Gallea

Hardcover

ISBN 10: 0735201455 ISBN 13: 9780735201453

Publisher: Prentice Hall Press, 2002

Synopsis

Filled with investing tips, infinite wisdom, maxims, and truisms, a valuable resource, organized by topic, introduces readers to the "real" world of investing and features solid financial advice on a vast array of issues, from equities to short- and ling-term trading techniques, helping investors to become more market savvy and successful in their financial endeavors.

About this title

About the Author:

Anthony M. Gallea is a senior vice president-investments, senior portfolio management director at Salomon Smith Barney and leads a team of 12 people who are responsible for $1 billion in client assets. He is also the co-author of Contrarian Investing and the author of The Lump Advisor, as well as many articles on investing and finance. He has been featured in The New York Times, The Wall Street Journal, and has appeared on numerous radio and TV shows in connection with both books.

From Publishers Weekly:

Gallea, an executive at Smith Barney and coauthor of Contrarian Investing, is someone people will want to believe. Given the stock market's recent upheaval, investors are nervous and confused, and Gallea understands why. A frank businessman, he knows that he hasn't always made the wisest decisions, and he wants to tell investors how to learn from his mistakes. Gallea offers snippets of advice that touch on the most common investing strategies and concepts, including selling short, using options, choosing the safety of bonds, risk and reward, etc. He sticks to the basics and doesn't offer long explanations for what he sees as unnecessary moves. For example, on high-risk bonds, he says, "Buying junk bonds, penny stocks, and fractional out-of-the-money options is, for most investors, to be avoided. Each of these securities is among the poorest values in its respective asset class.... Just look at the price. The cheaper the price, the longer the odds." He gives pointers on assessing readers' performance as investors, too, advising them to do "postmortems on all your trades." More sophisticated investors are likely to quickly flip through Gallea's book and note where they agree with the author's philosophy. Though not quite brimming with hypothetical portfolios or real-life scenarios, Gallea's book is appropriate for nascent or earnest investors.

Copyright 2002 Cahners Business Information, Inc.

About this edition

• Publisher: Prentice Hall Press
• Publication date: 2002
• ISBN 10: 0735201455
• ISBN 13: 9780735201453
• Binding: Hardcover
• Edition number: 1
• Number of pages: 288