Long and Short: Confessions of a Portfolio Manager: Stock Market Wisdom for Investors by Lawrence CreaturaRunning money is a learned skill, and Long and Short: Confessions of a Portfolio Manager provides the lessons that will help you become a more capable investor.
Unsparingly honest, Long and Short reveals how the asset management industry really works, offers specific prescriptions for improving your investment results, and allows you to determine if you have what it takes to try and win in today’s market.
If you are a newer investor, it will answer some of the essential questions: What is important? What should I study? Who should I listen to? How does this whole stock market thing work anyway?
If you are a more seasoned professional looking for ways to bring your game to the next level, Long and Short resembles a Ph.D. course in investment management. It delivers ways to think more deeply about your investing, diagnose your errors, and understand the sources of your performance.
Regardless of your investment experience, Long and Short: Confessions of a Portfolio Manager highlights lessons distilled from a 20-year career in the industry. It is a compass for navigating the stock market. Every investor, analyst, trader, and portfolio manager – current or aspiring – will enjoy the journey.
After you finish Long & Short you will be a stronger thinker, a more complete analyst, and a better investor. Whether you manage your own 401-K or an 11-digit hedge fund, Long and Short: Confessions of a Portfolio Manager will give you tools for navigating the markets, and a better understaning of the person charting the course – you.
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A "short" position is generally the sale of a stock you do not own. Investors who sell short believe the price of the stock will decrease in value. If the price drops, you can buy the stock at the lower price and make a profit. If the price of the stock rises and you buy it back later at the higher price, you will incur a loss. Short selling is for the experienced investor. A short sale is the sale of a stock that an investor does not own or a sale which is consummated by the delivery of a stock borrowed by, or for the account of, the investor.
Why Zacks? Learn to Be a Better Investor. Forgot Password. Most people have a notion of what it means to buy a stock. Both practices can earn traders a profit or result in a loss. While both types of trades can be easily executed via online brokerage software, they differ significantly in their requirements and risks.
Rather than a reference to length, long positions and short positions are a reference to haves and have nots, meaning stocks that an investor owns and stocks that an investor needs to own. For instance, an investor who owns shares of Tesla TSLA stock in his portfolio is said to be long shares. This investor has paid in full the cost of owning the shares.
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Understanding a Short Position
When it comes to stock market trading, the terms long and short refer to whether a trade was initiated by buying first or selling first. A long trade is initiated by purchasing with the expectation to sell at a higher price in the future and realize a profit. - Being "long" in the stock market doesn't mean you've been there forever, and being "short" doesn't mean you're at a height disadvantage compared with other traders.
A long position —also known as simply long—is the buying of a stock, commodity, or currency with the expectation that it will rise in value. Holding a long position is a bullish view. Long position and long are often used In the context of buying an options contract. The trader can hold either a long call or a long put option, depending on the outlook for the underlying asset of the option contract. A long position is the opposite of a short position short. Long is one of those investing terms that can have multiple meanings, depending on where it is used.