Thought some folks might find this interesting...........
Subject: Gold Price Monitor
To: Alex
From: William Jepsen
Nov 10 1997 10:37AM EST
Reply #3017 of 3017
Latest Book by James Dines!
Mr. Dines' third book How Investors Can Make Money Using MASS
PSYCHOLOGY: A Guide to Your Relationship to Money studies the
brand-new field of Mass Psychology in depth, shows how to immunize
yourself from it, and how to control it -- especially individual neuroses. This
unique book explains why and how you can control these money
relationships, especially when complicated by the pervasive effects of Mass
Psychology. Nearly everybody considers investments to be something
external, without realizing the importance of looking into themselves as a
crucial first step in improving investment performance. Nearly all psychology
considers people "vertically," as a unique function of their genes and
experiences, but this book for the first time enlarges the scope of study
to consider the impact of the "horizontal" Mass Mind on all of us even
though we might be unaware of it -- regardless of each individual's unique
genes and experiences. Forbes Magazine called it a "classic" (see below).
HERE ARE TEN RAVE REVIEWS!!
1. "Hate math? Then you will like James Dines' new book, Mass
Psychology. Finance's frontier is what academics call
'behaviorialism' -- the psychology of what people do with
investment tools, as opposed to traditional finance, which simply
analyzes the tools themselves. Sometimes how tools are used is
more important than the tools themselves. Mr Dines jumps into
the psychology of it all, warning that many of us harbor a
deep-seated desire to lose. His exposition on gambler
psychology and investing is classic." FORBES MAGAZINE
2. "Mass Psychology will become a classic much like
Extraordinary Popular Delusions and the Madness of
Crowds written in the 1840's is today." Investor's
Intelligence
3. "Your new book Mass Psychology was full of original
insights and perceptions and wit. A remarkable work." Michael
Metz, Managing Director, Oppenheimer & Co. Inc.
4. "Mr Dines, a financial advisor and author of other books on
finance as well as editor of the newsletter, The Dines Letter,
here turns to the impact of Mass Psychology on market
behavior. He intends this book to give advice on how one can
use Mass Psychology as a crucial element in investment analysis
-- Mass Psychology being the element supplementing
Fundamental and Technical Analyses of the market. It is
definitely a 'self-help' and 'how-to' volume on making
investment profits. He enlivens the text with cartoons,
inspirational quotes, charts and tables. He ends with a series of
Appendixes that give a glossary of terms, defines Technical
Analysis of the market, discusses stop-loss orders, and
describes 10 steps to a 'bulletproof portfolio.' " Small Press
Magazine
5. "James Dines is out with a new tome on the market entitled
How Investors Can Make Money Using Mass Psychology.
James has seen many market cycles and from them he has
derived many maxims -- there are 33 in one Appendix alone. As
could be expected from this savvy market analyst the book is
chock full of ideas; a number of which someone, somewhere will
take exception to. This book is bound to be controversial, what
else should we expect from Mr Dines? I call this JBDEXPI;
John Bollinger's Dines Expectations Index. Read the book, you'll
understand." John Bollinger, Capital Growth Letter
6. "Although we do not review books, Mass Psychology by
James Dines would make a fine addition to your financial
library." Timer Digest
7. "The concept is intriguing: it examines personal relationships to
money using psychology to analyze investment choices and
strategies. Investment analysis is treated to fine in-depth
discussion with plenty of examples and insights throughout." The
Bookwatch
8. "We highly recommend James Dines' latest book, Mass
Psychology, which has been over thirty years in the writing. This
book represents a totally new approach to investing, since it
depends neither on earnings nor chart trends, but focuses on the
little-known area of Mass Psychology. It applies to all areas of
investing, primarily stocks. One of the bold theories in the book
is that all gamblers secretly want to lose (and the book explains
exactly how this mechanism works), a neurosis that expresses
itself in many ways through our varying relationships to money. If
so, then the appearance of a gambling element in an investment
arena -- since they secretly want to lose -- is a sign to sell out,
and everybody knows that manias usually occur before market
'tops.' This unique book explains why and how to control these
money relationships, especially when complicated by the
pervasive effects of Mass Psychology. It is precisely because
there has been so remarkably little written on Mass Psychology
in the past that this pioneering work is expected to be a
'landmark book' that will be a crucial component of any serious
financial library, and probably a 'collector's item!' This book is a
must for beginners to stock market investing and sufficiently
thorough for the serious and more sophisticated investor." Bull
& Bear Digest
9. "The discussion in this book represents a totally new
approach to investing. One of the major theories in the book is
that all gamblers secretly want to lose. An exceptionally insightful
discussion of the psychology of gambling proved very interesting
and worthwhile. Mr Dines spends considerable time expressing
his futuristic views of what the 21st century will be like with
respect to religion, wars, trends in society, and how he feels the
future of American politics will trend and progress. I found his
views to be very intelligently expressed and to exhibit
considerable insight. Mr Dines' educational background and vast
knowledge of trends in society and politics are evident, as well
as his extensive knowledge of the market. These sections of the
book were reminiscent of books such as Toffler's Future
Shock. Those who enjoy stock market-related cartoons will be
delighted with the collection of several hundreds of them
interspersed throughout, each illustrating a point in the text in a
humorous way. This helps break up the gravity of Mr Dines'
style of writing, which I found to be very intellectual and deep. I
found this book to be most interesting. For those willing to
spend some time working with Mr Dines' ideas, I feel it offers
worthwhile insights into the psychology of investing and how it
can be used to advantage by the individual. The publication of
this book may be especially timely in view of the market's
near-vertical rise to unprecedented heights in recent years."
Trader's Press
10. "Although emotions play a central role in all markets, very
few people factor emotions into the investing equation. If we
base our investment decisions on what everyone else knows, we
have no advantages at all. If we develop an understanding of
emotions and markets, then maybe we can be one step ahead of
the crowd. I am well aware of Mr Dines' record, which for
making market calls is exceptional. Beyond that, however, I
have gained an even greater respect for the reasoning behind his
calls, which is an ability to accurately describe the emotional
state of the masses. Without a doubt, I think he is the best in this
field. Mass Psychology, in 378 pages, uses the understanding
and practical application of human, social, and political realities
to pinpoint profitable opportunities and predict the stock
market's future. It shows how to immunize oneself from mass
psychology and how to control it -- especially individual
neuroses. It psychoanalyzes gamblers and their hidden desire to
lose and thoroughly covers mass moods while relating both
aspects to investing. This makes Mass Psychology a vital
addition to every student of the market's library." Market
Update
Mass Psychology $59.00 (US funds)
Call 800-84-LUCKY right now, while you're thinking of it. Or, you may
order Mass Psychology from www.amazon.com. |
