Markets: Investment Series

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:"My first trading experience resulted in a big loss. I was lucky! I learnt quickly how tough it can be. The most common mistake is to assume that investment success is easy. This is encouraged by so called "expert" views which appear in the media and imply that market prices are somehow flawed and that there are plenty of opportunities. The irony is that in thinking it's too easy investors make it more difficult! It leads them away from the truth: the starting point must be that market prices are normally about right and that any opportunities can only be found by identifying their cause and understanding how they work. We need to be careful experts are vastly over-rated. Most professionals in the markets are not actually outguessing the price but are making money from clients transactions and commissions.The markets are increasingly challenging. Many opportunities that investors pursued years ago have simply disappeared. Speculation increasingly requires that the fundamentals are fully supportive. Even governments find it hard to push prices to the wrong levels.Fortunately I have found one shortcut in the investment world which works very well: the approach in these strategies can be used for many different markets. I have used the same methods successfully over twenty years with currencies bonds property stocks and private companies. It has enabled me to pursue investment opportunities wherever they may be found."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