Kirkus Reviews
From Kirkus Reviews:
“Covel says that you can get rich, no matter what the markets are doing, by ‘Trend Following‘…Covel’s secrets include the counterintuitive practice of buying high and selling low, and going short as often as you go long. Trend followers focus on absolute returns, rather than constantly comparing their performance to, say, the S&P 500. Perhaps the most useful section is Covel’s dismissal of several ‘holy grails’ of investing. For example, most of us have been taught to hold stocks even as they dip, believing that if we are patient enough, we’ll eventually earn our money back. Covel notes that the most successful businesses eschew this buy-and-hold philosophy, and personal investors should too. There’s also a problem with investors’ tendency to follow stock tips: the tips only tell us when to buy, and buying a hot stock is only smart if you also know when to sell. Whether you have $1000 or $10,000,000 to invest, this provocative guide will help you take your portfolio to new heights.”
