Richard Farleigh

Richard Farleigh reveals the 100 secret strategies that he developed to enable him to succeed in the markets. During his time running a trading desk, Farleigh set out to develop a repeatable methodology based on observation and reasoning, not just on one-off flukes and luck, to enable him to outperform the market on a regular basis. The (potentially controversial) beliefs that he incorporates into his strategies include: - Markets tend to under-react, not overreact. - Big, obvious ideas offer great opportunities. - It is safe to invest with a consensus view. - Contrarian trading is usually irrational. - It is best to enter and exit the share market at the right times instead of always staying invested. - Price trends are well known but under-utilised. - Chartists are just astrologers. - Investment and trading are increasingly similar. Some of the techniques simply involve being better than other investors at some of the basics, including only chasing genuine opportunities, managing risks and coping with losses. As his trading results started to attract some attention, Farleigh was frequently asked to give presentations of his ideas to other professional traders. From the feedback during these sessions he realised that others were interested in an approach to investing which was based on first principles. Finding that anecdotes were the best way to make a point, and that ideas could be summarised into numbered strategies, allowed him to show clearly how the methodology worked. Years later, he is still using the same approach, and has found that amateurs, as well as professionals, are keen to find out how markets work and how to improve their investment performance. This book contains those secrets. ------ About the 100 Strategies The rules are based on two broad experiences. Firstly, my involvement with investing and trading has been an endless pursuit of looking for patterns and developing my own repeatable methodologies. I have wanted to turn an art into a science. Secondly, from so many conversations with intelligent and educated people, who are curious about markets, but have been unhappy with a lack of useful reading material. The book is intended for anyone with an interest in trading or investing, whether they are amateurs or professionals. The laws grew out of a series of popular lectures that I gave in my early career and out of the process of training new people to trade the markets. Perhaps a unique thing about my approach in this book is that I have developed a framework which is applicable to all markets, whether they are bonds, money market, commodities, currencies, stocks, or property. The more I have learnt about these markets the more I have been convinced that it is sensible to approach them the same way. This is very useful, especially when some markets are underperforming. This is a serious book. It is definitely not a "how to get rich quick" trick. I have presented my observations and interpretations as laws for practical purposes. It incorporates equally a lot of groundwork analysis of markets. In finance there has been a gap between practitioners and the theoreticians. I intend to bridge that gap with a solid and, at times, theoretical explanation for my observations. Nevertheless, I have presented the material in a personal way. It is light hearted, with lots of anecdotes. I have not done endless amounts of research on each of the laws, so at times I may have erred on the detail. However it is always the concepts that are important, as these are what I am trying to get across.

100 Secret Strategies for Investing

Taming the Lion

In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "I have spent my professional life looking for patterns and anomalies. There are many in the markets which are useful to understand. Shares, bonds, currencies and property all offer unique challenges and opportunities. A good idea can often point to more than one type of investment. One example is that a strong economy is bullish for both stocks and property, but property may be the easier play because it has smoother cycles. Another type of pattern in the markets is that crisis situations almost always provide opportunities to those investors who can remain calm and who have kept some powder dry." Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable." Investors Voice

Patterns and Anomalies

This book is intended for anyone with an interest in trading or investing, whether they are amateurs or professionals. Its framework is applicable to all markets, whether they are bonds, money market, commodities, currencies, stocks, or property.

Peter Jones

Duncan Bannatyne

Evan Davis

Theo Paphitis

Deborah Meaden

Learn how to be a success from the business lessons of the Dragons and the financial advice of Evan Davis. Britain's best loved business brains —Duncan Bannatyne, Deborah Meaden, Peter Jones, Theo Paphitis, and Richard Farleigh along with economics expert Evan Davis—divulge the secrets of their success in this essential read. Joining them is James Caan, the new Dragon who will be part of the team in the new season of the television show. James is a multi-millionaire businessman and entrepreneur. Dragons' Den is packed with advice, whether you want to perfect your pitching skills, develop an idea or make more money. The Dragons will look at what's become of the entrepreneurs who entered the Dragons' Den. Some went away emptyhanded but have since become successful. Others won the backing of the Dragons but failed to make their dream come true. The Dragons will show you what should have been done, what should have happened next, and how you too could win their backing and become a business success. This is much more than a TV series companion. It is a solid business read with never-before-heard advice and experiences from the Dragons own business ventures. At last, we'll find out how they became millionaires and their rules for success. This is a unique, accessible ,and useful business read straight from the Dragons' Den.

Richard Farleigh

About

Books

Join the club