Michael Parness is the owner of www.TrendFund.com. He has been featured in The Wall Street Journal, Forbes, Money magazine, and The New York Post, Bloomberg Radio, and makes weekly appearances on CNNfn's The New Show. He lives in New York City.
An erstwhile playwright/screenwriter who became a multimillionaire through online trading, Parness provides a Gen-X view of the stock market. His loss of working capital owing to "expert" help and his success in doing it on his own temper his views. In truth, Parness covers little new territory this is Investing 101. Leslie Masonson (Day Trading on the Edge, LJ 1/15/01), who outlines the pros and cons of day trading, goes several steps beyond Parness. While Parness does make a number of well-founded recommendations, explaining that investors must learn from loss and understand the cyclical nature of the market, he offers little beyond the "Motley Fool" newspaper columns (and web site) by Tom and David Gardner. Libraries with other recent investment guides can readily do without this book. Not recommended. Steven Silkunas, Southeastern Pennsylvania Transportation Authority, Philadelphia Copyright 2001 Cahners Business Information.
"Blunt and honest...The sense of humor [Parness] brings to his trading rules makes this easy to read." --Booklist
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