SMART MONEY, Dumb Money: Beating the Crowd Through Contrarian Investing

The late Sir John Templeton once said:

"To buy when others are despondently selling and to sell

when others are avidly buying requires the greatest fortitude."

Many investors get caught in popular investment themes. They enthusiastically buy near the top, then fearfully sell near the bottom when the market corrects its excess. Conversely, the greatest investment returns in history have been made by betting against the crowd during those times of extreme investor sentiment. But how do we know when the market has reached an opportunistic inflection point? Keith Richards' newest book, Smart Money, Dumb Money, Beating the Crowd Through Contrarian Investing provides a bevy of contrarian analysis tools designed to help you identify an overbought and euphoric market. These same tools can help you profit by buying into an oversold market that has reached its capitulation stage. As with Keith's other books, the final chapter of the book provides a complete road-map to incorporating contrarian investment analysis into a logical trading strategy.

Keith Richards has been in the securities industry since 1990. An early adapter to the field of Technical Analysis, Keith began using the discipline in the mid 1990's, ultimately becoming one of the early Canadian Portfolio Managers to obtain the CMT designation. He is President, Chief Portfolio Manager and founder of ValueTrend Wealth Management, which is a discretionary investment service for high-net-worth clients. Mr. Richards' articles and interviews appear regularly in Investors Digest, The Moneyletter, MoneySaver, and the Globe and Mail, and other media sources. His appearances on BNN Bloomberg Television have been a mainstay on the program since its "Rob TV" days back n the 1990's. Mr. Richards' books, SmartBounce: 3 Action Steps to Portfolio Recovery and Sideways: Using the Power of Technical Analysis to Profit in Uncertain Times, are available in bookstores.