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Reading Minds and Markets: Minimizing Risk and Maximizing Returns in a Volatile Global Marketplace
- By Jack Ablin, Suzanne McGee
- Published Jun 19, 2009 by FT Press.
- Copyright 2009
- Dimensions: 6x9
- Pages: 224
- Edition: 1st
- Book
- ISBN-10: 0-13-235497-7
- ISBN-13: 978-0-13-235497-4
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Product Author Bios
Jack Ablin is an Executive Vice President and Chief Investment Officer for Harris Private Bank in Chicago. With more than 25 years of experience in the investment business, Mr. Ablin was a mortgage-backed securities trader, a fund manager as well as a Director of Investments. He served in the Finance Department in the School of Management at Boston University and was the President of the Boston Security Analysts Society. Jack makes his home in Chicago with his wife, LeeAnn, and daughters, Elise and Emily.
Suzanne McGee has spent more than two decades writing about business and finance, including 13 years at the Wall Street Journal in Toronto, New York, and London. She is currently a contributing editor at Barron’s and a regular contributor to Institutional Investor. Her work has appeared in the Financial Times, INC, Art + Auction, and the New York Post. She is a recipient of both a Gerald Loeb Award and SABEW’s Best in Business Award. Suzanne lives in Brooklyn, where she is now at work on a book about Wall Street.
“Read Jack Ablin’s ‘five factor’ approach to investing and you not only will sleep better at night, you’ll be a smarter, wiser human being. Ablin takes you on his twenty-year journey toward a unified, rational approach to investing that can help you weather even the most turbulent financial storms. This book may be one of the best investments you will ever make.”
--John Callaway, Senior Correspondent, WTTW, Public Television
“This book is based on verifiable data trends and years of experience with a broad array of economic and market numbers. Regret over investment losses need not lead investors to disengage their brains or to be robbed again by schemes hawked as ‘new and improved.’ Reading Minds and Markets will help jump-start an honest investment dialogue that has been sidetracked by excesses of greed and fear.”
--Bill Barnhart, Former Financial Editor and Columnist for the Chicago Tribune
“The author has taken the complex world of investing and provided an extremely practical approach to success where others have failed miserably. His grasp of the financial markets makes him eminently qualified to develop an extremely sound and practical approach in order to protect and enhance wealth for investors.”
--Edward (“Ned”) Riley, Jr., Former Chief Investment Officer for State Street Global Advisors and Chief Investment Officer, Riley Asset Management
“With nearly three decades of experience, Jack Ablin’s superb intellectual thinking is reflected in Reading Minds and Markets. This is great reading for the motivated investor.”
--Professor Israel Shaked, Finance and Economics Department, Boston University, School of Management
You can do more to protect yourself from market risks and down markets. The secret: Understand the big picture and know when to shift money toward more promising industry groups, sectors, or asset classes. This strategy is called “global macro investing”--and, as Chief Investment Officer for Harris Private Bank, Jack Ablin has used it to deliver results for many of the world’s wealthiest families and individuals.
In Reading Minds and Markets, Ablin distills his techniques into a remarkably simple, commonsense five-step plan that any investor can use. You’ll discover how to anticipate some of the more significant shifts in global markets and move investments toward areas that are more likely to grow. Equally important, you’ll learn how to overcome bad habits that inevitably lead to failure--habits all too often reinforced by the financial media.
In today’s unforgiving markets, you need to make smarter high-level decisions and fewer mistakes: This book will help you do both.
- Why you must take a top-down view of the market--and how to do it
Avoid getting caught off-guard in choppy, highly volatile markets - Respond to the market’s powerful signals about relative risk
Master strategies for improving return without increasing risk - Discover the five factors that consistently tell you where to invest
Cut through the clutter of irrelevant data: find what matters and use it - Stop being your own worst enemy
Overcome the #1 obstacle to structuring your best portfolio: human nature
www.readingmindsandmarkets.com
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15 of 15 people found the following review helpful
The first step of a long journey, By korova (Varosha) - See all my reviews
This review is from: Reading Minds and Markets: Minimizing Risk and Maximizing Returns in a Volatile Global Marketplace (Hardcover)
Customer review from the Amazon Vine™ Program (What's this?)
Before you go any further, ask yourself two key questions. First, how much time are you willing to devote to managing an investment portfolio? Second, how much money are you capable of managing yourself?These two questions are important because Jack Ablin's "global macro" strategy is not for beginning investors nor is it for people who are not able to make running their portfolio one of their core activities. Implementing Ablin's strategy will require a substantial amount of planning and setup activity and, depending on how complex your models become, probably a significant time commitment once things are up and running. In addition, you must be able to commit enough capital to the strategy to make all the work worthwhile. The global macro strategy would be an insane amount of effort for portfolios that are smaller than the minimum initial investment (typically somewhere between $250k and $500k) for a customized account run by a professional manager... Read more
11 of 13 people found the following review helpful
Breath of fresh air. Finally a different way of looking at investing,
This review is from: Reading Minds and Markets: Minimizing Risk and Maximizing Returns in a Volatile Global Marketplace (Hardcover)
This was a good read. Sometimes when I pick up books by veterans of Wall Street they can become so mired in "Streetspeak" that the thing ends up reading like a textbook. That was not the case here. Ablin's book reads more like an interesting newspaper or novel. If you are intelligent and comfortable with the markets but you do not work on Wall Street, this book is going to work for you.Ablin accurately identifies the major misconception among small investors that the way to invest is by stock picking. He spends a good deal of time showing the futility of the exercise for any little guy because he is up against highly sophisticated investors in NY and elsewhere. Instead he teaches why focusing on the big picture is best and how that is the path best taken by prudent do-it-yourself investors. One of the things I really liked was the author's intense effort to remind the reader that this is not a get rich quick book. He lays out how his strategy of identifying what he... Read more
12 of 15 people found the following review helpful
A breezy brochure of tired investing cliches, By
This review is from: Reading Minds and Markets: Minimizing Risk and Maximizing Returns in a Volatile Global Marketplace (Hardcover)
Customer review from the Amazon Vine™ Program (What's this?)
The best thing I can say about this book is that it is a quick read. It is tough to write a good investment book nowadays; the average retail investor is fairly well-informed. But this book adds nothing to an introduction to investing, and as an introduction it is a half baked mix of ancient cliches. They either (i) dialed it in, or (ii) they do invest this way, in which case, this is *exactly* why you shouldn't let some professionals manage your money (specifically, when they bring almost no discernible originality or insight to the table): they don't mean you harm, they haven't had an original idea in a long long time.Specific deficiences include: * He promises a new world of "global macro" then spends exactly two pages on international markets. There is no insight here into global or macro. (you'll want to admire the shiny globe on the cover because that's the last global thing you'll find here) * The asset allocation offered is absolutely ancient:... Read more |
Online Sample Chapter
Table of Contents
Chapter 1 The Year of Investing Dangerously 1
Chapter 2 The World of Global Macro 11
Chapter 3 Exploit Your Edge; Eliminate Your Weakness I--Beating the Street 27
Chapter 4 Exploit Your Edge; Eliminate Your Weakness II--Battling Yourself 41
Chapter 5 Identifying Metrics 59
Chapter 6 The Five Factors: Putting Data to Work 81
Chapter 7 The First Factor: Momentum--Befriending the Trend 97
Chapter 8 The Second Factor: The Economy--Headwind or Tailwind for Stocks? 115
Chapter 9 The Third Factor: Liquidity--Follow the Money 133
Chapter 10 The Fourth Factor: Psychology--Greed Versus Fear 153
Chapter 11 The Fifth Factor: Fundamentals and Valuation 171
Chapter 12 Putting It Together 189
Index 203
Sample Pages
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