Far From Random: Using Investor Behavior and Trend Analysis to Forecast Market Movement

As someone who has spent over 20 years in the financial industry I can attest that most of what Richard Lehman writes is true. Many common myths are debunked in this book. This is a must read if you put your money in anything but money market funds. Don't assume you are an investor if you buy shares of stocks. Very good point is made about the market factor that is mostly sentiment. My only reservation is about the use of technical analysis that comes into view in the last two chapters. As Richard admits, this is an anathema in the professional financial circles. I just want to point out that if you take band-limited random walk you will be able to detect "channels" in it no matter what. This is not information. It has zero predictive power.

I read a lot of innvestments books...10-12 a year and have for years..evey book, point of view and methodology teaches you something to add to your own processes.I liked this book because I appreciate clarity. In order to be clear and to makes something seem easy, an author has to have a profound knowledge of the subject matter and the ability to communicate clearly. Richarde Lehman ahs both of the those pre-requisites.Investor behavior and motivation are two keys to understanding market behavior. Understanding who those investors are, how they are rewarded (or compensated), what motivates them are keys to insight into the confoundingly contradictory movements that drive everyone crazy. . You will have a much keener understanding of the news that is being reported to you and have real insight into what is being told to you after having read the book.With a perpective, the author then provides you with a charting method that will enhance your ability to enter and exit markets..this is a rather useful skill. Your probabilities of executing profitable trades, realizing a greater percentage of the profits in the moves you have chosen, and your peace of mind while doing do will be enhanced with the background and techniques shared in Far From Random.This will also go on my periodic re-read list and not many books make it there.I am a successful private investor.Best wishes,John

Author emphasizes a lot (or maybe too much) on the behavior finance. Although it is informative and interesting, it takes too less pages on how to really construct an useful technical charts (the Trend Channel Analysis introduced in this book is too subjective and always is a tentative chart) with higher probability to enter and exit the market.

The author claims that he has seldom made errorsin his prognosticatons - well perhaps so. But don'texpect his ostensibly well grounded hypotheses toprovide any help with buying individual stocks. Hisdiscursive chapters tend to be mostly repetitive.

This book is a must-read for ALL who have any exposure to the Stock Market. Like our physical health, we need to take control of our financial health and this book will give you a very good history of where markets have been and why they behave in the way that they do. It will provide you with an updated perspective on dealing successfully with the market. Again, a MUST-READ.  Far from Random: Using Investor Behavior and Trend Analysis to Forecast Market Movement

He basically points out that one does not always have to have a position and being in cash is ok if your uncertain. That's the whole book summarized.

As an avid investment book reader and active trader, I am appreciating the nuances of random and non-random market phenomena that Richard Lehman points out. In a nutshell, investing/trading is not black or white. There are many facets to the market and this book does a fine job drilling down at a detailed and practical level while still keeping the reader engaged.

This is a book written by someone who for sure never made money in the markets and probably lost it all that's why he's writing books.This one is a complete platitude, full of BS. It's a loss of time (it took me 5mn to throw it away, seriously) and money.DON'T BUY IT.Any professional or even amateur will never say a good thing about it. Those who do, are supect, they must be friends of the author for sure.The whole book is only text whereas the promising title has one expect lots of charts. There are a few : he shows you how to draw a trend channel ! He really treats the buyer as an idiot. That's what I feel like and I suggest everyone reading my comment remembers his name ("Lehman", how ironic, I should have thought first, it's a doomed name) and never buy any of his future "books" and warn everyone about that. He got my money but he should somehow pay now.I've been studying markets very long and I have discovered very interesting things, I know what can be done, I know what looks serious or not. This is definitely only there to make money.

The book covers the genesis of investor behaviour and various dimensions of investment decisions in a precise and lucid manner.Excellent one.