Unholy Grails - A New Road To Wealth

[Xiao si 10]

Unholy Grails – A New Road to Wealth– by Nick Radge

 

In his third book “Unholy Grails – A New Road to Wealth” Nick Radge presents the straight forward yet frequently misunderstood concept of systematic momentum investing. In his own words, “It’s about taking some of the commonly referred to strategies and putting them to the test so we can better understand what they can and, perhaps more importantly, what they can't do.”

 

The book aims to “limit the cost of implementation in both time and money spent. You do not need a financial planner or stockbroker to beat the market”.

 

The book is based on his considerable experience, with Nick having over 25 years of first hand in-market experience.

 

Designed in order to “offer a sensible basis upon which to make sound investment decisions, reduce exposure and protect against risk”, the book is a fast and thoroughly enjoyable read, considering it is after all, a finance book.

 

The concepts are presented so the reader can easily digest them methodically, step by step. Even a novice investor with some basic knowledge of the markets should be able to come away with a good understanding of how well some momentum strategies work, and what strategies do not work.

 

This is a day and age of seemingly range bound markets where everyone is searching, without success in many cases, for returns better than bank interest. Nick presents the concept that is so obvious; one wonders why more is not publicised about it.

 

Packed with easy to understand statistics and charts, the reader is frequently able to review results of real systems tested over mountains of historical data that enable the discovery of facts about their overall profitability and trade-ability. For it it’s one thing to have a profitable system, but another to confidently trade it.

 

The second half of the book offers “Interviews with the Experts” and is actually a series of interviews with real life momentum system traders. Their systems are discussed and also their personal transition through the various stages as traders. One gains a true sense that indeed great things are possible, if you have a good plan and stick with it.

 

Considering that to be a successful trader one must:

 

Find a strategy

Validate

Do it

 

Nick aims to deliver the first two and then “guide you to gain confidence in doing the third”.

 

I would have no hesitation in saying that he will accomplish his goal in this succinct, methodical approach that is also a thoroughly enjoyable read.

[Xiao si 10]

I actually enclosed a cover shot, which is pretty cool, what happened to it mods?

 

XS

[BlueHorseshoe 10]

Sounds worth reading - thanks for the review!