Swiss FundAchieve higher returns with lower peril and take your profits globally. A leading hedge fund merchant offers a solid and profitable merchandising approach to the world markets. "This is the best stock market book that I have read in a long time. Boucher lays it out clearly, concisely, and in a most interesting manner. A 'must read' for anybody who invests in the equities market." -Dan Sullivan Editor, The Chartist "A leading practitioner offers rich theoretical perceptivities and sound practical counsel based on years of successful trading. Mark Boucher is that rare investment analyst who knows what actually works in selling and may commune it with authority and grace." -Nelson Freeburg Editor and Publisher, Formula Research, Inc. The Hedge Fund Edge is an necessary guide for any capitalist or merchant who wants to systematically net profit from the markets without having to undergo huge risks. Mark Boucher, hedge fund manager and well-known speaker on trading, provides readers with a solid methodology for achieving market-beating, long-run returns with danger that is substantially under the long-run peril of U.S. and global equities. Boucher primary looks at the limitations of traditionalisti stock and bond investing, and then explains how to determine the safest and most profitable periods for investing in stocks in any country. He explains this scheme both conceptually and with an goal to be attained model that has been employed to manage cash with great success since the 1950s. He shows how to allocate funds amid global equities at any given time while following safe, reliable, and profitable trends. The book also provides a indepth discussion of the Austrian Liquidity Cycle, an basi combining of Austrian Economics, Economic Alchemy, and Liquidity Cycle Theory. Boucher explains how to use this theory to grasp the major moves behind the markets and determine the most profitable market in which to invest. The Hedge Fund Edge provides critical valuation and technical models as well as necessary selective information on stock selection proficiencies to support readers discern which markets and stocks are both lower-risk and higher-performing. Boucher likewise describes, in detail, the affect of governmental policies on the markets and the connection amid macroeconomic performance and investment performance. Also included are necessary timing models for determining when to invest in gold, bonds, commodities, and other asset classes, as well as methods for allocating a portfolio with the goal of laying out capital in the very best trends at any one point in time all over all asset classes. The book emphasizes the power of diversification amid asset classes, such as arbitrage funds, international hedge funds, dissimilar types of futures funds, distressed bonds, and other market-uncorrelated investments. Boucher explains how this diversification may be applied to build a bullet-proof and highly profitable portfolio that returns systematically high profits with much lower than market risk. Boucher provides examples from his own real-time hedge fund retail experience and offers his performance as proof of what may be achieved by way of these techniques. The Hedge Fund Edge melds market timing, vehicle selection, peril management techniques, economic clear or deep perception and understanding, and tactical asset percentage into a altogether new system of belief and approach that has been proven to give rise to spectacular gains with comparatively low risk.
From the PublisherIntroducing a robust retail system that incorporates proficiencies from both technical and rudimentary analysis, Mark Boucher examines the major markets and illustrates where the odds are biggest in the trader's favor.From the Inside FlapThe Hedge Fund Edge is an crucial guide for any capitalist or dealer who wants to systematically earnings from the markets without having to undergo huge risks. Mark Boucher, hedge fund manager and well-known speaker on trading, provides readers with a solid methodology for achieving market-beating, long-run returns with peril that is substantially beneath the long-run risk of U.S. and international equities. Boucher original looks at the limitations of established stock and bond investing, and then explains how to determine the safest and most profitable periods for laying out capital in stocks in any country. He explains this system both conceptually and with an goal to be attained model that has been applied to manage cash with great success since the 1950s. He shows how to allocate funds amidst international equities at any given time while following safe, reliable, and profitable trends. The book likewise provides a exhaustive discussion of the Austrian Liquidity Cycle, an firstborn combining of Austrian Economics, Economic Alchemy, and Liquidity Cycle Theory. Boucher explains how to use this theory to comprehend the major moves behind the markets and determine the most profitable market in which to invest. The Hedge Fund Edge provides critical valuation and technical models as well as necessary info on stock selection proficiencies to support readers discern which markets and stocks are both lower-risk and higher-performing. Boucher also describes, in detail, the affect of governmental policies on the markets and the connection amid macroeconomic performance and investment performance. Also included are necessary timing models for determining when to invest in gold, bonds, commodities, and other asset classes, as well as methods for allocating a portfolio with the goal of investing in the very best trends at any one point in time all over all asset classes. The book emphasizes the power of diversification among asset classes, such as arbitrage funds, international hedge funds, dissimilar types of futures funds, distressed bonds, and other market-uncorrelated investments. Boucher explains how this diversification may be employed to build a bulletproof and highly profitable portfolio that returns systematically high profits with much lower than market risk. Boucher provides examples from his own real-time hedge fund merchandising experience and offers his performance as proof of what may be achieved by way of these techniques. The Hedge Fund Edge melds market timing, vehicle selection, risk management techniques, economic clear or deep perception and understanding, and tactical asset percentage into a totally new system of belief and approach that has been proven to invent spectacular gains with comparatively low risk. From the Back CoverAchieve higher returns with lower danger and take your profits globally. A leading hedge fund merchandiser offers a solid and profitable marketing approach to the world markets. "This is the best stock market book that I have read in a long time. Boucher lays it out clearly, concisely, and in a most interesting manner. A 'must read' for any person who invests in the equities market." -Dan Sullivan Editor, The Chartist "A leading practitioner offers rich theoretical perceptivities and sound practical counsel based on years of successful trading. Mark Boucher is that rare investment analyst who knows what in truth works in retail and may commune it with authority and grace." -Nelson Freeburg Editor and Publisher, Formula Research, Inc. The Hedge Fund Edge is an necessary guide for any capitalist or merchant who wants to systematically earnings from the markets without having to undergo huge risks. Mark Boucher, hedge fund manager and well-known speaker on trading, provides readers with a solid methodology for achieving market-beating, long-run returns with risk that is substantially under the long-run risk of U.S. and global equities. Boucher initial looks at the limitations of established stock and bond investing, and then explains how to determine the safest and most profitable periods for investing in stocks in any country. He explains this scheme both conceptually and with an goal to be attained model that has been applied to manage cash with great success since the 1950s. He shows how to allocate funds amid global equities at any given time while following safe, reliable, and profitable trends. The book also provides a exhaustive discussion of the Austrian Liquidity Cycle, an primary combining of Austrian Economics, Economic Alchemy, and Liquidity Cycle Theory. Boucher explains how to use this theory to grasp the major moves behind the markets and determine the most profitable market in which to invest. The Hedge Fund Edge provides critical valuation and technical models as well as necessary selective information on stock selection proficiencies to support readers distinguish which markets and stocks are both lower-risk and higher-performing. Boucher also describes, in detail, the affect of governmental policies on the markets and the connection among macroeconomic performance and investment performance. Also included are necessary timing models for determining when to invest in gold, bonds, commodities, and other asset classes, as well as methods for allocating a portfolio with the goal of investing in the very best trends at any one point in time throughout all asset classes. The book emphasizes the power of diversification amongst asset classes, such as arbitrage funds, global hedge funds, dissimilar types of futures funds, distressed bonds, and other market-uncorrelated investments. Boucher explains how this diversification may be employed to build a bullet-proof and highly profitable portfolio that returns systematically high profits with much lower than market risk. Boucher provides examples from his own real-time hedge fund merchandising experience and offers his performance as proof of what may be achieved thru these techniques. The Hedge Fund Edge melds market timing, vehicle selection, danger management techniques, economic clear or deep perception and understanding, and tactical asset part into a completely new doctrine and approach that has been proven to invent spectacular gains with comparatively low risk.
Most helpful client reviews 28 of 29 persons found the following review helpful.
valuable intro to international liquidity-based equity investing By A Boucher's "Hedge Fund Edge" is a vast gift for equity investor's, and is one of the sheer best stock and usual financial market books I've ever read, and I've read well over 200 "investing" books in the past 8 years. Boucher, who manages the Midas Fund (Hedge Fund), rewards the reader with a tremendously hard won compendium of his psychological result of perception learning and reasoning and exploration into what drives equity prices around the globe. He begins by talking about bear market risks to your terminal wealth, and then takes the reader on a tour of Austrian economic liquidity cycle drivers. Boucher discusses the value of technical analysis in confirming the timing of fundamentally based trends, a very sound and utile approach. He promptly offers up 9 simple, yet refined and tasteful mechanical models for stock market timing, ranging from technical price and breadth based models, to those based on more indirect rudimentary things like buyer sentiment gauges. He then reveals his own formula for calculating the high reward/risk times for non-United States equity investing, melding interest rate trends with stock relative strength trends... a real gift, and worth a heap of times the book price by itself. There is a immense compendium of cash management rules and proficiencies ... methods of controlling equity drawdown while permitting upside gains. Another gift. There is another immense section on US market person equity investing. Boucher includes his own modified/improved version of William O'Neil's CANSLIM technique (I feel like Boucher's handling of the technical patterns for buying and merchandising is much superior to O'Neil's pioneering treatment... and again, worth some times the price of admission). He then covers portfolio construction, thru substitute asset classes: respective types of bonds and what types of market conditions favor their use, including two magnificent bond market timing models; use of gold and silver with various timing models; REITS; use of arbitrage funds and global hedge funds in portfolio diversification, including specific fund recommendations for their respective niche expertise! Throughout, Boucher's coverage of rigorous peril control is very freshening and speaks of his real-world experience managing funds. This is the sheer BEST $50 education I've ever given myself, and I'm tremendously indebted to Mark Boucher for publishing so much of his work and experience in one book. I read it front-to-back in two days on what was supposed to be a vacation cruise... I couldn't put it down. Read it a second time on the same cruise. And a 3rd once home. Boucher graciously acknowledges his own influences (O'Neil, Zweig, Davis, Freeburg, Sullivan, Bank Credit Analyst), making for an instant listing of follow-up reads if you wish. He mentions his favored origins of ongoing investment data as well. On a scale of 1 to 5, I give Boucher 6 stars, and if he writes another book, I'd buy it sight-unseen. Bravo. 24 of 26 people found the following review helpful.
covers a lot more than just hedge funds..... By Ruth Henriquez Lyon There is so much selective information in this book that it demands at least two readings. First, there is a wealth of material on trading. The chapter on technical analysis and reading the markets is solid and holds a great deal of good tips I've not found elsewhere. There is an entire chapter on containing risk, a big focus of which is cash management--this info is worth the price of the book in itself. Boucher likewise offers good material on selecting equities, assessing other asset classes, and yes, hedge funds. However, the material on hedge funds does not take up a huge amount of space, and at introductory I wondered why he gave the book the title it has. I have since concluded that the title reflects his overall strategy, which is one of limiting peril by spreading ones' investments amid galore types of securities and asset classes, both onshore and offshore. Aside from the above cited material, however, Boucher likewise has a couple of chapters on basic economics which I found to be worthful background data for traders (like me) without business or economic degrees. His description of the liquidity cycle is brilliant. He explains the economic theory of Austrian alchemy, and shows how that model makes better sense than Keynesian economics. He has also provided selective information to convince me (a social liberal) that corporate taxes have a negative effect on a nations' citizenry. This book requires dedication to get through sure sections, but it is well worth it. Its strength is it is clear elucidation of syndication selective information and techniques, supported by a foundation of economic theory and historical data, which enables the reader to grasp the context in which s/he trades. 31 of 35 persons found the following review helpful.
...on the ... rack By C. M. Butler first, in boucher's defense, other reviewers have misunderstood the term "hedge fund" to mean "market neutral." the term "hedge fund" merely means the capacity to go short in a portfolio. in that regard, the title is not misleading at all. this book does outline assorted short schemes based on an understanding of the liquidity cycle. however, boucher, for as much as he espouses the austrian economic method, has forgotten that one tenant of that methodology is a total diregard for econometric forecasting. the relationships he defines in this book would have had galore persons in trouble in the early 2000s because, as the austrians state, what happened (past economic relationships) in the past does not have to take place in the future (these once authenti relationships may break down - with your cash on the line). current monetary policy has been ineffective, and therefore, so would any of boucher's systems that rely on monetary indicators. these indicators would have been screaming "buy" the equity markets, while the equity markets themselves would have been screaming "sell us...now!" that being said, the crucial reason not to buy this book is that galore of the schemes that boucher gives are perceptive logically, but dubious in execution. while he may give you a system, he does not give you all you need. the reader assumes that he is giving valid systems, with all pertinent information. but, he leaves sure crucial points out. for example, on page 138, he says that you ought to buy stocks when up volume on the NYSE is dandier than 77% of total volume and then he gives past buy and trade dates for the strategy. after much testing, i figured out that he is not using total volume on the NYSE, but rather total volume less unchanged volume. in other words, total volume is up volume, down volume and unchanged volume for all shares merchandising on the NYSE. boucher's "total volume" is just up volume plus down volume. this makes a big difference. also, any time he uses 30-year t-bond data, good luck to you attempting to figure out what he's genuinely using. the fed has a continuous maturity series that goes back to 1977. boucher may go back to 1943 for this data. hmmmmmm. i'm sure he's using something, but i have no idea what. so, what good is the system if you don't recognise what he's using as the "30 year treasury yield"? and, through no fault of boucher, the 30-year is not issued any more. he likewise relies rather to a considerable degree on the dow jones 20 bond index. this series was discontinued. this is not boucher's fault, of course, but just another reason to steer clear of this book. i will say that i learned rather a bit from this book, however. it was fun to read. my problem merely resides with the somewhat tricky way that a good deal of of his schemes are given. hey, i don't suppose the guy to give away a proprietary system, but if you give a system, step up to the plate and tell the reader you're going to leave out a heap of things (he in truth does do this when he relays an individual else's strategy). i find his method a bit disingenuous. ... See all 20 client reviews... |
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