Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies & Techniques to Winning Profits by James Altucher (2004)

Mr. Altucher is a hedge fund manager and a protege of Jim Cramer of TheStreet.com "fame", and this unfortunately shows in this book. Of the promised 20 strategies, only 18 are really supplied, as the last two chapters give some generic advice on "what does not work" and what other books to read. As Mr. Altucher explains, he is offering these strategies, because he happens to like to write. Studying closely, there are some other patterns are also discernable, including the fact that several of the strategies touted show losses (or bring in T-Bill like returns) for current years. Basically they made it into the book, because they stopped working. Even for many of the assumed working ones (for these there is no year-to-year breakdown provided, so the possible deterioration cannot be quantified), the number of occurrences during multiple years is so low, that the results probably not to be considered statistically significant. Several of the strategies seem to be curve fitted (this is a very bad word for trading strategies), using specified number of days, percentages, and the like to enter/exit positions. There was one thing to be noted, based on calculations offered, many strategies cannot be mirrored, they how different results comparing long and short executions. Greed and fear apparently exhibit different characteristics. If these strategies are anything close to what hedge funds offer to us, than there is little reason to invest with them. To be read strictly as entertainment (if any ...)

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