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The New Laws of the Stock Market Jungle
Book

The New Laws of the Stock Market Jungle

An Insider's Guide to Successful Investing in a Changing World

FT Prentice Hall, 2004 more...

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Editorial Rating

7

Qualities

  • Innovative
  • Applicable
  • For Experts

Recommendation

Investment pro Michael J. Panzner offers an insider’s guide to Wall Street that will appeal to investors on several levels. He starts with easy-to-comprehend definitions of stock market terms such as "short-selling" and "equity-derivative products," and advances to more sophisticated concepts. With his down-to-earth approach, he demystifies the jargon, hype and superfluous data. What’s more, he provides an excellent account of the historical factors and recent innovations that have altered global finance. His "10 laws of the new investment universe" are useful and comprehensive. Unfortunately, Panzner tends to glorify the past, glossing over well-documented foibles to focus on modern sins. Still, he provides a frank and insightful view of Wall Street’s seductive lure. getAbstract.com recommends this book to investors who want to understand today’s market.

Take-Aways

  • Global factors can cause hour-to-hour volatility in the stock market.
  • U.S. investors must no longer ignore international economic or political events.
  • Investors now trade equities like commodities such as gold, silver or livestock.

About the Author

Michael J. Panzner has worked as a salesman and a trader specializing in bonds, stocks and currency for international investment companies He has written for Barron’s, TheStreet.com, Bloomberg and Business Credit and Management Review. He is currently a vice president of an international financial services firm.