Cashing in on Wall Street's 10 Greatest Myths

By Richard L. Lackey

Investor behavior is driven by truths which often have little basis in fact, are usually misunderstood by brokers and investors, and can negatively impact long-term investment performance. This work... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0071444882
• ISBN13: 9780071444880
• Release Date: November 2004
• Publisher: McGraw-Hill
• Length: 256 Pages
• Weight: 1.15 lbs.
• Dimensions: 9.1" x 0.9" x 6.2"

Customer Reviews

Homerun; well written for the average investor

I personally loved Lackey's book. You can tell by reading it that he has "debunked" the myths we've all heard about for years. I give this book to my prospects and clients.......They are impressed that I am associated with a leader and NOT a follower! Keep writing! RG Atlanta, GA

Excellent concepts and a new way of looking at Investing

The author has some views on investing I find intriguing. The idea that you should be able to make money no matter what the stock or bond markets are doing I find refreshing and great news for all investors. I imagine baby boomers and the average Amaerican sitting there holding their stock portfolio as the markets go through a 10% drop... a 20% drop... a 30% drop. How does one feel about their retirement safety when this happens? Not very well. This book shows how to build a portfolio of "alternative" investments and points readers down the path to making consistent money in other marketplaces and empowers readers to get away from the 'promise' of returns from the mindless buying and holding of stocks and bonds. It brings me comfort to know there are others thinking along this line. There are so many places to make money outside of stocks that are much less risky and the author points them out.

Bravo!

I sat down and read this book cover to cover. Having authored three books on similar subjects, I was delighted to see what a splendid job was done on explaining what are often difficult to understand topics. Richard did a great job right up front separating investor ideals from those of gamblers. A number of key insights that I discussed in my last book, "The Global Trader", as well as in "CNBC 24/7 Trading" are explained with great lucidity here. Same thing goes for the debunking of much of the "asset allocation" crap and "efficient market" stuff. The writing is very clean and readable. I am going to recommend this book to everyone I know in the industry. Long may you wave!

Great Book!

So Many Truths, it make you never want to trust a Wall St. firm again!