Maxims of Wall Street: A Compendium of Financial Adages, Ancient Proverbs, and Worldly Wisdom

For nearly 30 years, financial economist and investment writer Mark Skousen have been collecting all the old wise adages, proverbs, and legends on Wall Street, based on in-depth interviews with old timers, reading rare financial books, and his own experiences in the financial markets. (He has been writing Forecasts & Strategies since 1980, when President Reagan was elected.)

Maxims of Wall Street is destined to be a classic reference that you will read with delight for years to come, and an ideal gift to investors, stockbrokers and money managers.

Maxims of Wall Street is the closest thing to Wall Street scripture ever created. The work contains:
Over 800 adages, by such notables as Warren Buffett ( If you wait to see the Robin sing, Spring may be over )
...J. P. Morgan ( Troubled waters make for good fishing )
...Humphrey Neill ( The public is right during the trends but wrong at both ends )
...Richard Russell ( In a bear market, the winner is he who loses the least )
...and Steve Forbes ( Everybody is a long-term investor until the market goes down ).

Old Timer s stories like the trading sardines ...where are the customer s yachts?...the gold bugs.....commodity traders...The origin of blue sky ...

Famous lines from Baron Rothschild, Ben Franklin, John D. Rockefeller, Joe Kennedy, J. P. Morgan, Bernard Baruch, John Templeton, Jesse Livermore, John Maynard Keynes, Ben Graham...

Sage advice on beating the market, diversification vs. concentration, value vs. growth, bulls vs. bears...black swan events...day traders...doomsdayers and casandras...plungers and the peakcocks...hot tips and insider information...losing money and missed opportunities...Wall Street vs. Main Street...chartists vs. fundamentalists...leverage and debt...privacy and government...taxes and tax havens...inspiring Rich Man's Pearls of Wisdom ...and intriguing short stories such as The Extra-Ordinary Life of Warren G. Hardaway.

Quotes from the profound to the profane: "Nobody is more bearish than a sold-out bull" and "In the land of the blind, the one-eyed is king" ... "To err is human, but to be paid for it divine" and "Definition of obscene profits something you always hear about but never experience yourself."

Maxims is 290 pages long, published handsomely in a special limited edition in leather and gold lettering.

Known as the maverick of economics for his contrarian and optimistic views, his sometimes-outrageous statements and predictions, Mark Skousen is a college professor, prolific author and world-renowned speaker. He s made his unique sense of market and investment trends known and respected in the financial world. With a Ph.D. in economics and a focus on the principles of free-market capitalism and Austrian economics, Mark Skousen has often gone contrary to the crowd in his investment choices and economic predictions and has often been proved right.

His more unusual predictions include:
Forecasting in the early 1980s that Reaganomics will work!
Sending a special alert to subscribers of Forecasts & Strategies to Sell all stocks and mutual funds on Sept. 8, 1987, just six weeks before the 1987 Stock Market Crash
Calling for the fall of the Berlin Wall in 1989 and the collapse of Soviet Communism
Predicting of the biggest bull market on Wall Street in the 20th century the 1990s

Mark Skousen has built a reputation for not only accurately identifying the right economic and political trends, but also the right investments for the times.

Grantham University named its business school the Mark Skousen School of Business.

Other popular books include: The Making of Modern Economics, Investing in One Lesson, The Structure of Production and High Finance on a Low Budget.

An almost idealistic proponent of liberty and political freedom, Mark Skousen is actively involved in some of the most prestigious free-market and liberty think tanks in the world. He frequently speaks and writes articles for organizations such as the Cato Institute, the Foundation for Economic Education, the Libertarian Party, the Council for National Policy and the Mt. Pelerin Society.

He is also the producer of FreedomFest, an annual conference held in Las Vegas (the country s most libertarian city!) and billed as the world s largest gathering of free minds on liberty.