The author granted some of the most famous insiders on Wall Street the protection of anonymity in order to procure their deepest and most frank views on the operation of the market. This book paints a startling portrait of how the prejudices of six different types of players_fundamentalists, insiders, cyclists, traders, efficient market believers, and transformational idea adherents_influence the market. Smith explains how new trends interact with these psychologies and draws a remarkable picture of how market behavior is inherently more human than technical.
Charles W. Smith is professor and chair of sociology at Queens College, CUNY. The Mind of the Market, his earlier work, was an Alternative Selection of the Book of the Month Club and Fortune Book Club. Market Values in American Higher Education, SmithOs next work, is due out in the Spring of 2000.
Part 1 The Ambiguity of the Market Part 2 The True Believers Part 3 Selling the Market Part 4 Cynicism, Faith and Foolishness Part 5 Putting it All Together Part 6 Some Practical Advice for the Individual Investor Part 7 A Theoretical and Methodological Note Part 8 A Selected Glossary of Stock Market Terminology