Richard Farleigh reveals the 100 secret strategies that he developed to enable him to succeed in the markets. During his time running a trading desk, Farleigh set out to develop a repeatable methodology based on observation and reasoning, not just on one-off flukes and luck, to enable him to outperform the market on a regular basis. The (potentially controversial) beliefs that he incorporates into his strategies include: - Markets tend to under-react, not overreact. - Big, obvious ideas offer great opportunities. - It is safe to invest with a consensus view. - Contrarian trading is usually irrational. - It is best to enter and exit the share market at the right times instead of always staying invested. - Price trends are well known but under-utilised. - Chartists are just astrologers. - Investment and trading are increasingly similar. Some of the techniques simply involve being better than other investors at some of the basics, including only chasing genuine opportunities, managing risks and coping with losses. As his trading results started to attract some attention, Farleigh was frequently asked to give presentations of his ideas to other professional traders. From the feedback during these sessions he realised that others were interested in an approach to investing which was based on first principles. Finding that anecdotes were the best way to make a point, and that ideas could be summarised into numbered strategies, allowed him to show clearly how the methodology worked. Years later, he is still using the same approach, and has found that amateurs, as well as professionals, are keen to find out how markets work and how to improve their investment performance. This book contains those secrets. ----- About the 100 Strategies The rules are based on two broad experiences. Firstly, my involvement with investing and trading has been an endless pursuit of looking for patterns and developing my own repeatable methodologies. I have wanted to turn an art into a science. Secondly, from so many conversations with intelligent and educated people, who are curious about markets, but have been unhappy with a lack of useful reading material. The book is intended for anyone with an interest in trading or investing, whether they are amateurs or professionals. The laws grew out of a series of popular lectures that I gave in my early career and out of the process of training new people to trade the markets. Perhaps a unique thing about my approach in this book is that I have developed a framework which is applicable to all markets, whether they are bonds, money market, commodities, currencies, stocks, or property. The more I have learnt about these markets the more I have been convinced that it is sensible to approach them the same way. This is very useful, especially when some markets are underperforming. This is a serious book. It is definitely not a "how to get rich quick" trick. I have presented my observations and interpretations as laws for practical purposes. It incorporates equally a lot of groundwork analysis of markets. In finance there has been a gap between practitioners and the theoreticians. I intend to bridge that gap with a solid and, at times, theoretical explanation for my observations. Nevertheless, I have presented the material in a personal way. It is light hearted, with lots of anecdotes. I have not done endless amounts of research on each of the laws, so at times I may have erred on the detail. However it is always the concepts that are important, as these are what I am trying to get across.
In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "I am able to show that trends have operated across nearly all markets for a long, long time. These price trends are a gift! A market that has moved higher is more likely to continue moving higher than to suddenly reverse. The equivalent applies for a falling market. Although trends are well known in the markets, they are not used very well. However this bias can be used to make money; for years I have experienced a lot of success using simple systems which use nothing but trends, and trends can help decide the best way to time investments. There are solid reasons why trends exist and will persist in the future. Market information spreads gradually, and the reaction is delayed by inertia and scepticism. Rising prices can actually lead to more, rather than less, buying in the market. Economic cycles also help prices move in trends. So despite the common belief, markets do not usually over-react." Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice
In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "I am able to show that trends have operated across nearly all markets for a long, long time. These price trends are a gift! A market that has moved higher is more likely to continue moving higher than to suddenly reverse. The equivalent applies for a falling market. Although trends are well known in the markets, they are not used very well. However this bias can be used to make money; for years I have experienced a lot of success using simple systems which use nothing but trends, and trends can help decide the best way to time investments. There are solid reasons why trends exist and will persist in the future. Market information spreads gradually, and the reaction is delayed by inertia and scepticism. Rising prices can actually lead to more, rather than less, buying in the market. Economic cycles also help prices move in trends. So despite the common belief, markets do not usually over-react." Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice
In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "I am convinced that small companies offer more opportunities than larger companies. There is a greater chance that they are mis-priced in the market because there is a big variation in their quality, they are often involved with new products and they are not as widely followed by analysts and investors. For a small company, the competence of the management is the most important feature. Other things investors need to look at are of course, the company's products and markets, and its ability to handle growth. " Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice
In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "Even the best investment ideas can come unstuck due to bad decisions on when to buy and sell. The best technique for entering the market is to wait for a price trend to verify a bullish or bearish view. So it is not a good idea - unless there is market panic - to buy into falling markets. Being a contrarian means fighting against trends and not acknowledging that markets can go further than expected. It may work occasionally, but it is against the odds. Similarly, add to winning trades, not losing trades, and don't be scared if you are investing alongside the consensus view. For a price to go a long way it will require consensus agreement at some point. The decision to exit should only be made when the reasons for the investment are no longer sound, or when the price trend has reversed. Sticking with winning trades for as long as possible is the only way to make big wins. " Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice
From the Dragon's Den: The Secrets of Investment Success RevealedFrom modest small-town beginnings to fame on the runaway hit TV show Dragons’ Den, Richard Farleigh has built his hugely successful career on smart investments.Whether it was the managing the trading desk of a Sydney bank or investing in a fledgling technology company, the same clear principles have guided him throughout.Now, for the first time, Richard Farleigh is sharing the techniques and strategies that took him to the very top. And it’s knowledge that no investor, large or small, amateur or professional, can afford to be without …
In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "Big ideas can make big money. There is a host of examples. The big falls in inflation, technological innovation, emerging economies, and China's appetite for raw materials are just a few. The big ideas cause big but slow changes in many markets. These are often not expected by economists and analysts who often struggle to see the woods for the trees. Investors should look for these big ideas, and ignore anything which is too obscure. For those small things it is normally too difficult to out-analyse the analysts. For investors in main stream markets, the big idea that they are pursuing is often the state of the economy. It's too hard, say, to make money on the broad stock market when the economy is going into a recession, so at that time bonds are a better bet. A useful way for those investors to keep an eye on the economy is by a simple checklist of the positives and negatives." Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice
In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "I believe that really good investors can avoid temptation. They have the discipline to know when there are no genuine opportunities and to not take excessive risks. In these situations, it may be useful to keep an eye on a variety of markets and to see if any price trends develop. These may signal when something is happening which is worth investigating. In these quiet times, be careful because even just wealth preservation is not simple because of taxes and inflation. Sophisticated retail products may appear good on the surface, but require close scrutiny. With a passive portfolio, management and brokerage fees should be kept to a minimum." Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice
In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "Over a period of time, even the best investors will inevitably suffer losses. Unfortunately even good ideas can lose money just as bad ideas can sometimes make money. There is inevitably a high degree of chance or luck involved. The most important thing will be to manage the risks and to "stay in the game." Investors need to think about how far a price can move the wrong way. They also need to diversify, be able to cut losing positions, and to be able to withstand the stresses involved." Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice
In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "An investor needs to spot genuine opportunities in order to make good consistent returns. A few market professionals can rely on the advantages of superior information, high quality analysis or client orders to help them predict future price moves. But for various reasons these advantages are dwindling, and anyway the ordinary investor needs something more accessible. Fortunately there are opportunities offered by market behaviour which are long lasting and can be spotted without enormous research or inside information - When these are pursued with sensible risk management the results can be stunning." Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice
Highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals the 100 secret investment strategies that he developed to succeed in the markets. As Farleigh's trading results started to attract international attention, he was frequently asked to give presentations of his ideas to other professional traders. From the feedback during these sessions he realised that others were interested in an approach to investing which was based on first principles. Finding that anecdotes were the best way to make a point, and that ideas could be summarised into numbered strategies, allowed him to show clearly how the methodology worked. Years later, Farleigh is still using the same approach, and has found that amateurs as well as professionals, are keen to find out how markets work and how to improve their investment performance. This book contains those secrets. Some of the beliefs that he incorporates into his strategies include: Markets tend to under-react, not overreact. Big, obvious ideas offer great opportunities. It is safe to invest with a consensus view. Contrarian trading is usually irrational. It is best to enter and exit the share market at the right times instead of always staying invested. Price trends are well known but under-utilised. Chartists are just astrologers. Investment and trading are increasingly similar. "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice
As a long-time fan of rock and a resident of Enid, Oklahoma, Richard Galbraith has attended countless concerts since the early ‘70s, and documented most of them with his photography. Led Zeppelin, Alice Cooper, the Ramones, the Sex Pistols, and Black Sabbath (among many others) have all passed through the lens of Mr. Galbraith. In his first-ever photo book, ‘Richard Galbraith Photography Presents KISS,’ the reader is offered a glimpse of almost every single major concert the masked quartet played in Oklahoma from 1976 through 1986 (close to 100 never-before-seen pix), along with notes from Richard. Get ready to rock!
This volume includes a translation of the major prose works, several of the ascribed lyrics and a selection of the commentaries written in English by this fourteenth-century (c. 1300-1349) English mystical writer and hermit.
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