This volume takes the reader on an insider's tour of the psychology of stock market investing. What emerges is a portrait of how the prejudices of six types of players influence the ups and downs of the market. It also explains how trends interact with these psychologies.
The author granted some of the most famous insiders on Wall Street the protection of anonymity in order to procure their deepest and most frank views on the operation of the market. This book paints a startling portrait of how the prejudices of six different types of players_fundamentalists, insiders, cyclists, traders, efficient market believers, and transformational idea adherents_influence the market. Smith explains how new trends interact with these psychologies and draws a remarkable picture of how market behavior is inherently more human than technical.
