...There are market players and value players, both in stocks and commodities. The market player relies on his knowledge of price movements in the market as a whole to make money. The value fundamentalist looks for buy?and?hold opportunities in specific stocks or commodities that are likely to appreciate in value over time. Most consistently successful pros are both, but more the former than the latter. The same is true for me?I'm primarily a market player. Consequently, my primary focus in this book is how to predict market price movements in general and how to manage risk in any market, equities or commodities. Of secondary importance is a method of selecting groups of stocks that merit further analysis....
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