Buy the Rumor, Sell the Fact by Michael Maiello takes a look at many of today's trading myths, maxims and slogans to see if there is indeed any truth behind them.
Buy the Rumor, Sell the Fact is not a book in the traditional sense, more of a collection of thoughts each taking just one to three pages. The author uses simple language to examine some of the market jargon that is often thrown about without any real thought to its validity. Some of his arguments are a little too simplistic, but I believe that was the intended point to the book.
The book is a fast read and makes a number of interesting points regarding trading myths that are widely accepted as truths. A recommended read for anybody who is new to the world of Wall Street.
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