| Description |
1 online resource |
| Contents |
Part I. Framework to finding short ideas -- 1. Due diligence in short selling -- 2. Leveraged businesses: the upside and the downside -- 3. Structural issues in industries -- 4. Recipes for cooked books: accounting misstatements and shenanigans -- 5. The world is going to end -- Part II. How successful investors and analysts think -- 6. Value investing -- 7. Activist investing -- 8. Papa bear: coattailing marquee investors or betting against them? -- 9. Off Wall Street: two decades of successful shorting -- Part III. Risks and mechanics of short selling -- 10. When to hold, when to fold -- 11. The mechanics of short selling |
| Summary |
When an investor believes a stock is overvalued and will soon drop in price, he might decide to short it. First, he borrows an amount of the stock, and then sells it. He waits for the stock to tank and then buys back the same amount of shares at a deflated price. After returning the shares to his lender, he pockets the difference--unless any one of several hard-to-predict variables interferes, and the stock fails to drop. Since these variables are so hard to predict, short selling is difficult for even seasoned investors. It takes great talent and experience to isolate the best short ideas for falling stocks--skills Amit Kumar developed over two decades of market analysis and trading. This book shares his short-selling framework, built on themes common to falling stocks and the market's endemic strengths and cycles. Including key case studies and exclusive interviews with successful fund managers Bill Ackman (Pershing Square Capital Management) and Mark Roberts (Off Wall Street Consulting Group), this volume shows investors how to avoid traps and profit from well-researched short ideas. Investors may not always act on short ideas, but they can still avoid losses by using Kumar's framework to identify stocks that are overvalued. Everyone from professionals to amateur investors can adopt his fundamental research approach, which transforms short selling into a long-term strategy |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Online resource; title from PDF title page (EBSCO, viewed November 20, 2015) |
| Subject |
Short selling (Securities)
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Stocks -- Prices.
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Investments.
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portfolios (financial records)
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BUSINESS & ECONOMICS -- Finance.
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Investments
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Short selling (Securities)
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Stocks -- Prices
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| Form |
Electronic book
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| ISBN |
9780231538848 |
|
0231538847 |
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