Book description
Since Burton Malkiel's seminal work
A Random Walk Down Wall Street
was published, the financial world has swallowed whole the idea that
market movement is chaotic and random.
In Far from Random,
Richard Lehman uses behavior-based trend analysis to debunk Malkiel's
random walk theory. Lehman demonstrates that the market has
discernible trends that are foreseeable. By learning to spot these
trends, investors and traders can predict market movement to boost
returns in anything from equities to 401(k) accounts.
Richard Lehman has been a financial professional for more than thirty
years. He studied the first iterations of behavioral finance back in
the 1970s as a financial marketer and has since worked in various
facets of the financial industry. His early introduction to behavioral
finance and the more recent introduction to trend analysis led him to
this important discovery.
Richard Lehman is the coauthor of New Insights
on Covered Call Writing, with Lawrence McMillan (Bloomberg
Press, 2003). Lehman is an instructor of both finance and derivatives
at UC Berkeley Extension and a vice president in the wealth management
group at Mechanics Bank in Richmond, California. His financial career
spans more than thirty years in product management, marketing, and
investment management, beginning with an eleven-year stint on Wall
Street with E. F. Hutton, Thomson McKinnon, and the New York Stock
Exchange. He lives in Richmond, CA.
