Winning on Wall Street by Martin Zweig Martin Zweig shows you How to Spot Market Trends Early, Which Stocks to Pick, and When to Buy and Sell for Peak Profits and Minimum Risk.
I’ve been meaning to read Winning on Wall Street for a long time. So I’m glad to finally share this book review with you. Here’s what you can expect:
First, I’ll give you an overview of the book, as well as what I liked and where I would have liked a little more. Then, we’ll wrap things up. And for good measure, I’ve also thrown in a video version of the book review at the bottom of this post. Sound good?
By the time you’re done reading this book review, you should have a great idea of what Winning On Wall Street is all about. And hopefully you’ll be able to decide if this is the right book for you. Now let’s dive into it.
Winning On Wall Street: What It’s All About
With a title like that, Winning on Wall Street sure promises a lot. And let me tell you, it delivers. But first, let me tell you about the author for a second…
For those of you unfamiliar, Marty Zweig was a Wall Street legend. His newsletter, Zweig Forecast, was one of the most well-regarded services that truly stood the test of time. He was also famous for publicly calling the 1987 crash the Friday before it happened. So what could be more insightful than a look inside his head, right?
And that’s what Winning on Wall Street delivers. In the book, Zweig shares his market timing indicators and models for determining when to go long or short stocks. He explains how to get in early on a bull market and where to raise your stop-loss order along the way.
You might not know this but, Martin Zweig was the first guy who really came out saying “Don’t Fight the Fed.” And so the book starts with his monetary models for determining market exposures. From there, Zweig moves on to his next mantra; “Don’t Fight the Tape,” which explains what market momentum and performance indicators he used to time his buying and selling in the stock market.
So basically, by the time you’re done reading Winning on Wall Street, you’ll have a good grasp of how Martin Zweig, one of the world’s most respected investors, approached the stock market.
But that’s not even the best part.
My Two Favourite Parts of Winning on Wall Street:
There was a lot to like about Winning on Wall Street. But for me, two parts stood out most. And one part, stood out more than the other.
Let me explain:
The first thing I really liked about Winning on Wall Street, was that Zweig mentions stock fundamentals. He doesn’t talk about it much. And it’s not the main focus of his book, whatsoever. But when you’ve read as many fundamentally-focused investing books as I have…
Well, let’s just say it was validating for me that Zweig mentions he prefers to apply his approaches to stocks that are on strong fundamental footing. I also appreciate this hybrid approach that puts all the odds in your favour. So it was nice to see Zweig shared it too, however briefly.
Now, the other thing I really liked about Winning on Wall Street is…
The book is a clear proponent of mechanical and rule-based tactical asset allocation models. In general, I’m a big fan of this approach. I think it eliminates human cognitive errors and biases. The book explains how to systematically use stop losses and how to define your exposure to the market. I really like this consistent approach to stock trading. And when used in conjunction with the proper trading psychology (see Trading in the Zone), it can be a very powerful approach to potential outperformance.
While I’m skeptical about a few of Zweig’s indicators, he admits the book was but a glance at his investing methodology. So I’m sure there’s much more to it. And that leads me to my next point…
Was Winning on Wall Street Too Short?
I really liked Winning on Wall Street. And at about 250 pages, it wasn’t short by most people’s definition. But the book was certainly digestible. Now I hear what you’re saying…
Usually a readable book isn’t a bad thing. But in this case, I just wish there was more information to soak up. I would have loved to learn more about some of the newer indicators Zweig was
Alas, this is all we have. So…
Winning on Wall Street – The Final Word:
Winning on Wall Street is a great summary of the investing legend Martin Zweig’s approach to the stock market. And for that reason alone, I think it’s worth picking up a copy of Winning on Wall Street on Amazon.
But if you’re still a little unsure if this is the book for you, just watch my video book review of Winning on Wall Street below.