Yes, You Can Time the Market!

Buy and hold makes sense for the average investor in stocks. Even better, say Stein and DeMuth, is to buy only when prices are low and hold when prices are high, keeping accumulating savings in Treasuries while waiting for low prices. They define low and high prices by historical experience. An interesting and thoughtful analysis. -Professor Milton Friedman University of Chicago, Nobel Prize in Economic Science, 1976 Wall Street, prepare yourself. Ben and Phil hit the nail on the head with their insightful guide to investing. No gimmicks, no games, just tapping the true power of economics to make sensible investment decisions. Add to that the authors dry wit, and this handbook is a must-read for investors small and large. -Diane C. Swonk Director of Economics, Chief Economist, Senior Vice President, Bank One Corporation The logic and reasoning are persuasive. Stein and DeMuth buttress them with evidence, lots of it. The term valuable properly applies to the guidance of the conclusions. -C. Lowell Harriss Professor Emeritus of Economics, Columbia University How refreshing to read commonsense advice about the stock market! Stein and DeMuths findings are both verifiable and free of quantitative trickery. Whats more, their writing is as clear and straightforward as the methods they recommend. -Martin Fridson author, It Was a Very Good Year: Extraordinary Moments in Stock Market HistoryEconomist, actor, author, and former quiz show host Ben Stein teamed up with investment psychologist Phil DeMuth to examine a century of stock market data and discovered a profound and original investment truth: Yes, you can time the market In their instant investment classic Yes, You Can Time the Market , Stein and DeMuth show investors simple, readily available measurements that tell them when its time to invest in stocks, bonds, real estate, or cash. Written for the investor who wants to preserve capital and build wealth steadily, this book offers prudent, bedrock advice for anyone who can no longer afford to play games with their money. Buy and hold makes sense for the average investor in stocks. Even better, say Stein and DeMuth, is to buy only when prices are low and hold when prices are high, keeping accumulating savings in Treasuries while waiting for low prices. They define low and high prices by historical experience. An interesting and thoughtful analysis. -Professor Milton Friedman University of Chicago, Nobel Prize in Economic Science, 1976 Wall Street, prepare yourself. Ben and Phil hit the nail on the head with their insightful guide to investing. No gimmicks, no games, just tapping the true power of economics to make sensible... Read More

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