Trimtabs Investing: Using Liquidity Theory to Beat the Stock Market

Whether you are an investment professional managing billions ofdollars or an individual investor with a small nest egg, TrimTabs Investing shows you how to beat the major stockmarket averages with less risk. This groundbreaking bookbegins by comparing the stock market to a casino in which the house(public companies and the insiders who run them) buys and sellsshares with the players (institutional and individualinvestors). TrimTabs Investing argues that stockprices are primarily a function of liquidity--the amount ofshares available for purchase and the amount of money available tobuy them--rather than fundamental value. Finally, itoutlines the building blocks of liquidity theory and explains howyou can use them to predict the direction of the stock market.

"Charles Biderman, a savvy and battle-scarred veteran ofthe investment wars, has fashioned an intriguing approach to makingmoney in the stock market that adroitly avoids both heavy-breathingspeculation and the standard Wall Street practices that enableinvestors, big and small, to lose money in good markets as well asbad. Aimed at the sophisticated investor (which may or may not bean oxymoron), the book is written in blessedly straightforwardprose and is a worthwhile read for anyone with an urge to have afling at investing.--Alan Abelson
Barron's

"Since the days of Joseph and Pharaoh, it has beenaxiomatic that the size of the grain harvest affects the level ofgrain prices
but today's investors have been slow toappreciate the fact that the supply of stock shares significantlydetermines the level of stock prices. Biderman's long overduebook outlines the theory and evidence behind 'TradingFloat, ' the actual--and exploitable--power behindmajor moves in the stock market. --Paul Montgomery
CEO and CIO of Montgomery Capital Management

"'Trade as corporate execs do, not as theysay.' Charles Biderman has built an impressive list of hedgefund clients from this essential insight, and this book does agreat job explaining exactly how retail investors can incorporateit into their investing." --Eric Zitzewitz
Assistant Professor of Economics, Stanford Graduate School ofBusiness

"Charles Biderman is a smart thinker, clearwriter--and he offers here some very interesting ideas. Thisbook is for the little guy who enjoys reading about money andeconomics, even if he doesn't adopt the strategies offeredhere
and for the professional or sophisticated investor, who, to agreater or lesser degree, just might.--Andrew Tobias
author of The Only Investment Guide You'll Ever Need