New Book: Ahead of the Curve by Joseph Ellis

Joseph H. Ellis, who was a partner of Goldman Sachs and was ranked for eighteen consecutive years by Institutional Investor magazine as Wall Street’s #1 retail-industry analyst, has written a new book entitled Ahead of the Curve: A Commonsense Guide to Forecasting Business and Market Cycles:

The book description starts out like this:

How to Read the Signs of Economic Change-Before They Impact Your Business and Investments

Economic and stock-market cycles affect companies in every industry. Unfortunately, a confusing array of anecdotal and conflicting indicators often renders it impossible for managers and investors to see where the economy is heading in time to take corrective action.

Now, a thirty-five-year Wall Street veteran unveils a new forecasting method that will help managers and investors understand and predict the economic cycles that control their businesses and financial fates. In Ahead of the Curve, Joseph H. Ellis argues that the problem with current forecasting models lies not in the data, but rather in the lack of a clear framework for putting the data in context and reading it correctly. The book explains critical economic indicators in nontechnical language, identifies and documents the recurring cause-and-effect relationships that consistently predict turning points in the economy, and provides the tools managers and investors need to position themselves ahead of cyclical upturns and downturns.

Economic events are not as random and unpredictable as they seem. This book will help readers recognize and react to signs of change that their rivals don't see-and win a sizeable competitive advantage.

Click here to read more.

Actually, that description comes from the Barnes & Noble web site; the description on Amazon was messed up for some reason.

I'm not offering a recommendation on his book, yet, but I will leaf through it when it appears in my local book store.

BTW, I do get a tiny commission if you buy the book after clicking on my link to Amazon.

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Please read our Stock Market Outlook for 2006 and our Daily Stock Market Commentary.

-- Jack Krupansky