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

Keith G Richards

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

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

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

Keith G Richards

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Description

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.



Critical Reviews

"When you see others getting rich (and you're not) or commiserating with you about losses, it's easy to let emotions get in the way of sound investment decisions. Keith has outlined useful, time-tested, and engaging ways to track those emotions across markets. It's a how-to guide for keeping your head while others are losing theirs."


- Jason Goepfert, Research Analyst, founder and President of Sundial Capital Research & SentimenTrader.com


"If the markets fill you with unease but you aren't sure why, let Keith's third book shape your discontent. Smart Money, Dumb Money walks readers through widely followed, well-established technical tools for contrarian investors along with more modern indicators such as Google Trends and social media so they can independently weigh risk and set trading rules. Above all, he reminds us that prioritizing those rules over emotional reactions separate the savvy contrarians from those who are simply contrary. Follow Keith's principles to build confidence in your own path."

- Robin Poon, Editor of Investor's Digest of Canada

"Keith is truly contrarian. It is the way he thinks, challenging all assumptions and taking nothing for granted. He is not willing to hide behind an index hugging strategy and is always looking for an edge to stay one step ahead of the markets. Keith uses a variety of different contrarian signals in order to establish the pulse of the market and the highest probability path for different investments. Smart Money, Dumb Money reveals Keith's easy-to-use contrarian strategies to help you stay one step ahead of the markets."

- Brooke Thackray, Research Analyst for Horizons ETF's, Author, President of Alpha Mountain Investments

"Smart Money Dumb Money is a must-read for every investor seeking to understand contrarian investing and market sentiment. Keith outlines the necessary strategies for readers and their investment tool box."

- Lana Sanichar, Editor-in-Chief of Canadian MoneySaver Magazine

"There's a time to buy and a time to sell and contrarian investing flashes the signals to make the right moves. Listen to the herd or conventional wisdom and you'll see that contrarian investing gets no respect. This excellent book debunks that belief and demonstrates how applying the principles of contrarian investing can work for you. It's a must read for successful investing."

- Stephen Bernhut, Editor of the The Money Letter

"An exceptional book! A fascinating reading into the world of the best kept secrets of the investment industry. Keith Richards has a talent of explaining it all in a way that everyone can understand. This book could have saved investors from painful market crashes, and especially the one of 2008. Read this book. It's going to be the best investment you made this year."

- Gabriella Szasz, Montreal Chapter Head of the Canadian Society of Technical Analysts


Publishing Information

Publisher: Kinetics Design - Kdbooks.CA
Pub date: 2021-07-12
Length: 100 pages

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