Fair Trade: A Beginner's Guide (Beginners Guide (Oneworld)) Review

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(More customer reviews)If you're looking for a cut-and-dry approach to fair trade, this is not the book for you. I was looking for something that really got into the functional side of fair trade business relationships, and was disappointed to see the author took the typical, tired, aid-focused approach. I firmly believe that artisans and agriculturalists in developing countries have a lot to offer in trade, and if we approach relationships with a win-win mentality, progress and development will follow. The author seems to believe the developed world needs to engage in these relationships as a form of assistance - I disagree 100%. Until we start to recognize the TRUE VALUE of products and services from developing countries, we will be trapped in a cycle of aid and handouts.

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Trend Following: How Great Traders Make Millions in Up or Down Markets, New Expanded Edition Review

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(More customer reviews)What's great about this book is that it goes straight for jugular of anyone who can't stop themselves from making predictions about the markets. Like those chart reading traders who think they can actually forecast the market direction. Prediction with charts is a losing game. If 100 traders stare at a chart, they come up with 100 different subjective interpretations. This book may actually make them realize that pretending they have unique skill through years of ink blot study is just blowing smoke.
Better yet this book is not based off hypothetical testing or experiments in what may work. It uses real performance data from guys who have traded for decades as trend followers. If you worship technical indicators as "it" don't read this book unless you want a hard cold splash of reality. If you worship technical indicators as some market tonic -- go ahead -- but don't forget the best in the business do nothing of the sort.
One of my favorite parts is the description of the hundreds of millions of dollars trend followers won at the same time Long Term Capital Management was imploding and losing their shirts. Wow, what an example of risk and volatility in stark terms.
But ultimately it is the no holds barred condemnation of fundamental analysis that sticks with me. Trend followers don't waste their time trying to understand forces influencing market participants (fundamental analysis) They care about the market price and what they should do in response to market price movement. Isn't that a goal for all of us? Round of applause for the diligent research and clear writing.

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