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.

20% of mutual funds beat indexes. There is a way to outperform the market and protect against today's massive risks

  • By Jack Ablin, who has repeatedly outperformed the market while managing billions of dollars at Harris Private Bank.
  • Presents an easy 5 step plan simple enough for any investor to implement.
  • Helps readers cut through the confusion and get straight to the decisions most likely to achieve success: how and when to shift their money from one asset class to another.
  • 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

    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.

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