Panic, Prosperity, and Progress: Five Centuries of History and the Markets (Wiley Trading) - Hardcover

Über die Autorin bzw. den Autor

Timothy Knight is a money manager and founder of www.SlopeofHope.com, a popular trading blog started in 2005 that is one of the most active forums for discussion among traders on the Internet. Previously, he was founder of Prophet Financial Systems, a web-based service that was bought by Ameritrade and was consistently rated the number one website for technical analysis by both Barron's and Forbes. Prior to starting Prophet, Knight was vice president of technology products for Montgomery Securities and worked at Apple in Strategic Planning. Knight has traded for over 25 years, primarily using technical analysis and price charts as the basis for his decisions, and he owns and operates a short-bias hedge fund from his home town of Palo Alto, California.

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Historical events move currencies, stocks, debt, and all other flavors of fiscal instrument, and likewise movements particularly exaggerated movements in the financial markets can drive the decisions that shape history in real time.
Tim Knight

Those who ignore history are condemned to repeat it. Nowhere is the verity of that old adage more evident than in the financial markets, where human nature and the ebb and flow of world affairs routinely put the lie to the long-cherished and wholly irrational belief in rational markets. Now, more than ever, as today's financial markets careen from one crisis to another, it is vitally important for investors and traders to develop an historical perspective on the behavior of the markets, and draw practical lessons from their behavior during times of financial turmoil and economic upheaval.

A must read for all traders and investors, this book helps you to develop just such a perspective.

With a scholar's thoroughness and a born storyteller's talent for evoking a time and place and the characters who peopled it, top money manager and popular financial blogger Tim Knight takes you on a fascinating journey through five hundred years of the markets, from Tulipmania in 16^th century Holland to today's sovereign debt crisis. He makes copious use of charts and basic technical analysis to provide exhaustive analyses of financial market behavior prior to, during, and following tumultuous events. And he deftly demonstrates how external shocks lead to extreme reactions in the financial markets, how those reactions provided golden opportunities for savvy investors and traders to profit, and what you can learn from their examples.

Many of today's most successful traders and investors credit their study of history as being the secret behind their uncanny ability to anticipate and capitalize on market responses to external events. Read Panic, Prosperity, and Progress and acquire the same competitive edge enjoyed by the likes of George Soros, Richard Dennis, John Paulson and other legendary money men.

Aus dem Klappentext

Historical events move currencies, stocks, debt, and allother flavors of fiscal instrument, and likewisemovements—particularly exaggerated movements—in thefinancial markets can drive the decisions that shape history inreal time.
—Tim Knight

Those who ignore history are condemned to repeat it. Nowhere isthe verity of that old adage more evident than in the financialmarkets, where human nature and the ebb and flow of world affairsroutinely put the lie to the long-cherished—and whollyirrational—belief in rational markets. Now, more than ever,as today’s financial markets careen from one crisis toanother, it is vitally important for investors and traders todevelop an historical perspective on the behavior of the markets,and draw practical lessons from their behavior during times offinancial turmoil and economic upheaval.

A must read for all traders and investors, this book helps youto develop just such a perspective.

With a scholar's thoroughness and a born storyteller’stalent for evoking a time and place and the characters who peopledit, top money manager and popular financial blogger Tim Knighttakes you on a fascinating journey through five hundred years ofthe markets, from Tulipmania in 16th century Holland totoday’s sovereign debt crisis. He makes copious use of chartsand basic technical analysis to provide exhaustive analyses offinancial market behavior prior to, during, and followingtumultuous events. And he deftly demonstrates how external shockslead to extreme reactions in the financial markets, how thosereactions provided golden opportunities for savvy investors andtraders to profit, and what you can learn from their examples.

Many of today's most successful traders and investors credittheir study of history as being the secret behind their uncannyability to anticipate and capitalize on market responses toexternal events. Read Panic, Prosperity, and Progress andacquire the same competitive edge enjoyed by the likes of GeorgeSoros, Richard Dennis, John Paulson and other legendary moneymen.