Reading Minds and Markets: Minimizing Risk and Maximizing Returns in a Volatile Global Marketplace, 1st edition

Published by FT Press (June 13, 2017) © 2009

  • Jack Ablin
  • Suzanne McGee
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The current decade is on track to be the worst for stock market investing within the last century and that includes the Great Depression. But while the stock market has spun its wheels, emerging markets and commodities have exploded to the upside. There is a way to outperform the overall market and at the same time, protect yourself from today's massive market risks. It's called "global macro investing," and here it is in a nutshell: understand the big picture, and learn when to shift money to different investments that are performing well. As Chief Investment Officer for Harris Private Bank, Jack Ablin uses global macro investing to deliver consistently superior results for the billions of dollars under his management. In Reading Minds and Markets, Ablin and top financial journalist Suzanne McGee distill these techniques into a remarkably simple, common-sense 5-step plan that any investor can use to improve performance. Ablin and McGee cut through the complexity and jargon that afflict too many investment books, helping investors get straight to the decisions they really need to make. They show exactly how to anticipate shifts in global markets and asset classes, and shift investments to areas with the highest likelihood of growth. Along the way, Ablin and McGee help beleaguered investors overcome bad habits, too often reinforced by the financial press, that inevitably lead to failure.

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

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