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Buy the Rumor Sell the Fact by Michael Maiello

By Michael Maiello, “Buy the Rumor Sell the Fact”

The conventional Wall Street rules: what is proper and incorrect, and how can investors tell the difference between the two

Purchase Monday, sell Friday.

“Don’t grab falling knives,” “The trend is your buddy,” and other similar expressions.

These sayings are ingrained in the Wall Street religion and are frequently repeated to the point where many people no longer question them. Unfortunately, they could be mistaken, and traders who follow them without question risk losing money. 85 of these “insights” are examined in Buy the Rumor, Sell the Fact in order to understand their significance, determine whether or not they are supported by facts, and provide guidance to investors on which to follow and which to just disregard. This useful book explores each maxim in two to four pages, looking at:

Maxims that appear to contradict one another—and why both interpretations are frequently accurate
Dangerous proverbs that may or may not be true
The philosophy, way of life, and influence of today’s Wall Street

Printed on the back cover

The Real Rules of Wall Street: Today’s Most Refreshingly Simple Guide

“Purchase the Dips” Avoid catching falling knives. The trend is your ally, right?

These trading adages—along with dozens more—are repeated so frequently by stockbrokers, consultants, and market commentators that many investors take them as gospel. But how can you identify which mantras to follow, which to avoid, and how to differentiate between them when it’s your own money at stake?

In Buy the Rumor, Sell the Fact, Forbes staff writer Michael Maiello examines more than 75 of these “rules” objectively to ascertain whether they are still relevant to investors in today’s quickly shifting markets and, if so, what that worth is. Allow this interesting and simple-to-read book to instruct you before you make your next deal.

Convert hazy and conflicting investment maxims into sensible investing guidelines.
Recognize and use the fundamental market workings in your investing
Determine the difference between wise and hazardous advise.

Before you can regularly make money from your assets as an independent investor, you must comprehend the common language of the markets.

In order to create investing criteria that solely apply to you in your quest to make safe and sensible financial decisions, Buy the Rumor, Sell the Fact puts you inside that language.

Who the Author Is

Senior reporter and author for Forbes, Michael Maiello is from New York, New York. Maiello frequently appears as a guest on CNNfn’s “Journalist’s Roundtable” and CNN’s “Money Weekend.” She also writes for the New York Times Book Review, the Santa Fe Reporter, and the San Francisco Chronicle.

Salepage : Buy the Rumor Sell the Fact by Michael Maiello