Doug Kass on the Market :A Life on TheStreet

Description

Build a bulletproof portfolio with advice from a top market expert

Doug Kass on the Market: A Life on TheStreet™  provides investment advice and guidance from one of the most renowned traders in the world. Author Doug Kass distills his years of experience as a hedge fund manager and infamous short seller to share the theory, technique, and intuition that built his reputation and his portfolio. Anecdotes about interactions with Wall Street's most famous names, including Buffett, Cramer, and Cooperman, highlight tricks of the trade, essential value investor insight, and the secrets to being a smart short.

Doug Kass's reputation as a savvy investor is well-earned and widely recognized. His work on Wall Street gained him heavyweight status, and the friendship, the respect, and the ear of some of the biggest names in finance. As a CNBC regular and 2013 Buffet Bear, Kass is widely known as a trusted source of wisdom and profitable insight. In Doug Kass on the Market, readers learn valuable lessons that that will help them make smarter investment decisions. Kass lists the most important things to know when evaluating a possible long or short investment, and explains the things you're not doing to optimize your portfolio. Topics include:

  • Going against the grain
  • Data versus instinct
  • Valuation, bubbles, and momentum
  • Interest rates, inflation, and the Fed

The book also describes how to short a stock properly without losing out and discusses the C-suite conversations that fund managers would never tell a lay shareholder. Kass's record proves the value of his acumen, and this book contains a comprehensive account of his talent and techniques. All investors deserve a chance at a more robust portfolio, and Doug Kass on the Market provides the information and guidance that can make that happen.

Chapter

What a Long, Strange Trip It's Been

Short-Selling

Introduction

The Case for Short-Selling

Short-Sellers under Fire

How to Short

Lehman Can't Blame Shorts

Stop Pointing Fingers at Short-Sellers

Blame Game Is Dishonest

11 Ways to Fix the Short Ban

Leave the Short-Sellers Alone

In Defense of Short-Selling

Lessons Learned

Introduction

Sniffing Out Bad Stocks

Laugh at Your Own Expense

When the Bond Market Talks, Listen

Poker Is Flush with Insight for Traders

My Tenets of Investing

12 Investment Principles for the Abyss

My Recession Checklist

Kill the Quants, Punish the ProBears

Chase Value, Not Price

Six Ways to Right Your Wrongs

Four Stages of Market Turning Points

Moving On

Adapting to Mr. Market

In Bernanke We Trust?

America's Pastime Applies to Markets

Let the Trading Day Commence

A Delicate Balance

The Lion's Share

What to Do When You're Wrong

Beware the Stock Market Trading Jones

Addressing the Fiscal Cliff

One Shining Moment

Time Frames and Exposures

Such a Long Time to Be Gone and a Short Time to Be Here

10 Laws of Stock Market Bubbles

My Stock Market Super Bowl Indicator

The Great Decession: Subprime and Credit/Debt Crisis

Introduction

Trouble Looms for the Homebuilders

Stretched Consumer Nears Tipping Point

When the Walls Come Tumbling Down

When the Walls Come Tumbling Down (Part Deux)

Housing Headed to the Woodshed

Housing's Softness Has Long Reach

Subpar Subprime a Growing Problem

Ratings Are Subprime's Dirty Secret

Subprime Fungus Will Spread

Subprime's Siren Call

Four to Blame for the Subprime Mess

Fed Is No Savior in Subprime Slide

The Simple Math of Subprime's Slide

Housing Red Ink Could Spell Recession

Hedge Funds' Dirty Little Debt Secret

Loaded Up on Leverage

Don't Underestimate How Bad Things Are

No Quick and Easy Fix for This Market

Brokers' Profits Riskier

Shaking Off the Credit Nightmare

Blinded by the Derivatives Boom

A Market on the Brink

Two Solutions to What Ails the Market

Ready for the Bear Stearns Challenge?

Investors Have Lost Their Innocence

Wall Street Has Sold Out America

Welcome to Dystopia

Harder than the Average Bear

Recovery

Introduction

The Parable of the Mustard Seed

On the Road to Recovery

Fear and Loathing on Wall Street

Bottoms Up, Mr. Market

Bottom Call (Part Deux)

Printing an Important Market Bottom

It Ain't Heavy, It's a Bottom

The Little Market that Could

Against the Grain

Introduction

Experts Agree, Recession Is Over

Market Has Likely Topped

Bearish Arguments Are Roaring

Top 20 Signs How Bad the Economy Is

More Nuance Is in Store

We Are the World

The Decade of the Temporary Worker

The Scale Tips to the Bullish Side

The Lost Decade Has Passed Us

Equities Edge toward a Top

More on Screwflation

A Contagion of Black Swans

Apocalypse Soon

10 Reasons to Buy American

The Case for Shorting U.S. Bonds

Residential Real Estate Is Ready to Recover

The Bear Case for Apple

A House Divided against Itself

Beware the Interest Rate Cliff

Housing Faces a Credit Event

QE's Growing Impotence

Flawed Case for a Bull Market

Everybody in the Pool

Expect the Unexpected in 2014

Climbing a Wall of Complacency

Turn, Turn, Turn

Wall Street Personalities

Introduction

A Soros Story

The Bearded Prophet of the Apocalypse

On Being Jim Cramer

Defending Cramer

Defending Cramer (Part Deux)

Leon Cooperman and James Brown: The Godfathers of Hard Work

Ben Stein Whistles Past Mortgage Mess

Curb Your Enthusiasm, Ben Stein

Ben Stein Blames You

Eat My Shorts, Ben Stein

My Q&A with Nouriel Roubini

The Orchid Indicator

The Most Important Book

The Gospel According to Barton Biggs

Walt's Wit

Alan Abelson and Me

An Open Letter to Sir Larry Kudlow

More Remarkable Tales of Boca Biff

Buffett Watch

Introduction

11 Reasons to Short Berkshire

Buffett Veers Off His Investment Path

Warren Buffett Has Lost His Groove

Buffett Brought Down to Earth

Is This the End of Warren Buffett?

One of the Worst Beatings Ever

Buy American? I'm Damned!

Burlington Bet Could Derail Berkshire

Omaha, Here I Come!

My Pilgrimage to Warren Buffett's Omaha

Warren and Me

Little-Known Facts about Warren Buffett

Conversing with the Oracle

My Berkshire QandA Recap

The Rabbi and the Oracle

Lessons Never Learned

Surprises

Introduction

25 Surprises for 2003

Surprises in Store for 2004

Some Surprises in Store for 2005

Surprises for 2006

25 Surprises for 2007

20 Surprises for 2008

20 Surprises for 2009

20 Surprises for 2010

15 Surprises for 2011

15 Surprises for 2012

Five More Surprises for 2012

15 Surprises for 2013

15 Surprises for 2014

Epilogue

End User License Agreement

The users who browse this book also browse


No browse record.