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Taming the Lion
100 Secret Strategies for Investing
Richard Farleigh Taming the Lion : Richard Farleigh : Vision Books : Book (ISBN: 8170947162)
Pages: 232
Price: Rs. 395
Format: Paperback
ISBN: 8170947162
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Published in 2008
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A millionaire reveals how he made his millions in the market

Who is Richard Farleigh and why what he has to say may be important for you? For one thing, from being a diagnozed as backward at the age of 5, Farleigh went on to become a wealthy millionaire who could afford to retire to Monaco by the age of 34.

This book reveals the 100 secret investing strategies that enabled him to outperform the market on a regular basis. Farleigh's strategies grew out of his experience as a trader and hedge fund manager when he set out to develop a repeatable methodology based on first principles. Years later, he is still using the same approach.

This book reveals those secrets, based on Farleigh's often controversial beliefs, including:

  • Markets tend to under-react, not over-react.

  • Big, obvious ideas offer great opportunities.

  • It is safe to invest with a consensus view.

  • Contrarian trading is usually irrational.

  • It is best to enter and exit the share market at the right times instead of always staying invested.

  • Price trends are well known but under-utilised.

  • Chartists are just astrologers.

  • Investment and trading are increasingly similar.

To be a successful investor, says Farleigh, you need to be like a lion tamer. The lion can be tamed, but only by maintaining a healthy fear of the lion. How you can tame the market-lion makes for an utterly fascinating and readable book.

Richard Farleigh

RICHARD FARLEIGH was born in Australia in 1960. Despite a difficult start in life, he went on to win a scholarship to study economics and econometrics at New South Wales University, and graduated with first class honours.

Farleigh worked briefly in the Research Department at Australia's central bank, the Reserve Bank of Australia, working on economic modelling. At 23, he joined a leading investment bank, Bankers Trust Australia, where he worked in designing and managing swaps and other derivatives. During this period he demonstrated a strong ability at trading financial markets, and was then appointed head of the bank's proprietary trading desk, which achieved spectacular results by predicting big picture trends and by using a trading model he developed.

In 1992 he was hired as head of a private hedge fund in Bermuda. He was able to retire at the age of 34, and moved to live in Monte Carlo. From there he began investing in small companies which were mostly situated in the UK.

Over the years, he has invested in over fifty start-ups, many of which have floated or been acquired. Despite his early retirement and being affected by the tech wreck in the year 2000, Farleigh was named as one of the top ten entrepreneurs in Europe.

Apart from being keen on tennis, skiing and boating, Richard is an internationally ranked chess player, and has represented Bermuda and Monaco in the Chess Olympics.

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