Short Selling for the Long Term: How a Combination of Short and Long Positions Leads to Investing Success
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- Wiley
More About This Title Short Selling for the Long Term: How a Combination of Short and Long Positions Leads to Investing Success
English
This book explains the methods used by Joseph Parnes, CEO of Technomart, to obtain consistent returns in the stock market. Most investors fail to surpass the Standard and Poor stock average, but Parnes has repeatedly done so over the past three decades. This book outlines his method of stock assessment, ultimately providing a consistent formula. If the formula tells a reader to buy a stock, then there is a 95% chance that stock will go up. If the formula tells a reader to short a stock, there is an 85% chance that stock will go down. Parnes advocates the use of short selling in combination with long positions, so advisors and individual investors alike can profit in both rising and falling markets. While most investing books focus on just a rising market, Parnes’s focus on short selling is advantageous in a falling market, too, which sets this book apart from the crowd.
