Avoiding Temptation (ePub)

In this excerpt from his acclaimed book Taming The Lion, highly successful trader, investor and former hedge fund manager, Richard Farleigh, reveals some of the secret investment strategies that he developed to succeed in the markets: "I believe that really good investors can avoid temptation. They have the discipline to know when there are no genuine opportunities and to not take excessive risks. In these situations, it may be useful to keep an eye on a variety of markets and to see if any price trends develop. These may signal when something is happening which is worth investigating. In these quiet times, be careful because even just wealth preservation is not simple because of taxes and inflation. Sophisticated retail products may appear good on the surface, but require close scrutiny. With a passive portfolio, management and brokerage fees should be kept to a minimum." Praise for Farleigh's acclaimed book, Taming the Lion: "Anyone who was able to retire at the age of 34, move to Monte Carlo and become a private investor must have made some smart investment decisions. Richard Farleigh did just that and he's sharing his secrets in this book." Money Magazine "Taming the Lion is a book about profiting from big themes. From humble beginnings in Australia, Farleigh made a fortune following powerful trends, the most effective and least stressful route to investment success. He knows how to write too." Telegraph "Overall I feel there is so much information in this book, it is probably one I will keep re-reading as I make investment decisions. I especially like the way it has reminded me that there are other asset classes to invest in other than shares and property and yet the same strategies are applicable". Investors Voice