Dr. Mark Skousen just released a new book that has been in works for over 30 years. Since 1982, he’s been painstakingly compiling all the wise old adages, proverbs, and legends on Wall Street, based on in-depth interviews with old timers, reading rare financial books, and his own experiences in the financial markets.
The new book is called “THE MAXIMS OF WALL STREET,” (288 pages, ISBN 1-59698-298-5, October 2011, co-published by Forecasts & Strategies, $29.95, includes S&H), subtitled “A Compendium of Financial Adages, Ancient Proverbs and Worldly Philosophy.
MAXIMS is a treasure trove of all the great axioms, adages, poems, and cliches of investing by such notables as Baron Rothschild, JP Morgan, Jesse Livermore, J. Paul Getty, Warren Buffett, Gerald Loeb, Humphrey Neill and many other greats on Wall Street. It goes way beyond “buy low, sell high.”
Some of our favorites are:
“There’s only one side to the stock market; it is not the bull side or the bear side, but the right side.” – Jesse Livermore
“A bull market bails you out of all your mistakes. Bear markets make you pay for your mistakes.” – Dick Russell
“A bull market lasts until it’s over.” – James Dines
“Nobody is more bearish than a sold-out bull.” – Anon
“The public is right during the trends but wrong at both ends.” – Humphrey Neill
“Hot Tips: “Assume you’re always the last to know.” – Charles Kirk
“If you wait to see the Robin sing, Spring may be over.” – Warren Buffett
“Troubled waters make for good fishing.” – J. P. Morgan
“Buy when everyone else is selling and hold until everyone else is buying. This is more than just a catchy slogan. It is the very essence of successful investing.” – J. Paul Getty
“Everybody is a long-term investor until the market goes down.” – Steve Forbes
Includes sage advice on beating the market, diversification vs. concentration; value vs. growth; bulls vs. bears; black swan events; day traders; doomsdayers and casandras; plungers and the peacocks; hot tips and insider information; Wall Street vs. Main Street…and many more.
Also, Old Timer’s stories like the “trading sardines”…where are the customer’s yachts?...the gold bugs…commodity traders…The origin of “blue Sky”
It also includes several of Dr. Skousen’s unpublished short stories: “The Extra-Ordinary Life of Warren G. Hardaway” and “A Tale of the Broker.”
Only 1,000 copies of this special limited edition in leather and gold lettering, all numbered and autographed. The fun thing is that you get to pick your favorite number, and Dr. Skousen will write it in. (Sorry, #1 is already taken.) Choose any number you wish from 2 to 1000.
MAXIMS is destined to be a classic reference that you will read for years to come, and an ideal gift to friends, students, investors, stockbrokers and money managers.
About the Author: Dr. Mark Skousen, Ph.D., is a financial economist, university professor, and author of over 25 books. Since 1980, he has been the editor of the award-winning Forecasts & Strategies (www.MarkSkousen.com). He is also the producer of www.FreedomFest.com.
How To Order The Maxims of Wall Street: The price is $29.95 includes S&H. The book will not be available in any bookstores, or on Amazon. You can buy it from Eagle Publishing, One Mass. Ave. NW, Washington, DC 20001 or call 1-800-211-7661. Mention the code MAXIMH and your favorite number.
