VIENNESE WALTZ ON WALL STREET. AUSTRIAN ECONOMICS

Embark on a captivating journey through the world of finance and economics, where the Austrian school of economics meets the dynamic landscape of Wall Street. Mark Skousen's "Viennese Waltz on Wall Street" offers a unique perspective on the stock market, comparing it to an elegant dance rather than a chaotic stumble. Immerse yourself in a read that will transform your perception of investments and financial markets.

• Inspired by the classic work "A Random Walk Down Wall Street" by Burton Malkiel
• Analysis of the efficient market theory from the perspective of the Austrian school of economics
• The stock market as a dance: ordered movement rather than random wandering
• Patterns and rules governing the market that can be understood and utilized
• Purposeful actions of buyers and sellers shaping stock prices
• Effective analysis based on knowledge of market participants' motivations

Inspired by Burton Malkiel's writings, Mark Skousen took on the challenge of presenting an alternative view of the stock market. In his opinion, stock prices do not change randomly but are the result of purposeful actions by investors. The better we understand these actions, the more effective our analysis becomes and the greater the profit we can achieve. Comparing the stock market to a Viennese waltz emphasizes the orderly nature of the market, where the movements of participants are coordinated and subject to specific rules.

The author presents the Austrian school of economics as a tool to understand the dynamics of the market. This school of thought emphasizes the role of human action, entrepreneurship, and business cycles. Skousen shows how these principles can be used to make better investment decisions and gain an advantage over other market participants. This book offers practical tips and investment strategies based on a solid theoretical foundation.

"Viennese Waltz on Wall Street" is a must-read for anyone who wants to delve into the secrets of financial markets and understand the mechanisms that govern them. Whether you are a novice investor or an experienced stock market player, this book will provide you with valuable tools and inspiration to make more informed and effective investment decisions. Prepare yourself for a fascinating journey through the world of finance, where knowledge and strategy are the keys to success.

Published by Fijorr Publishing, the book has 362 pages in 14.5x20.5 cm format. Paperback. Year of publication: 2014.