Category: (Book)
10 new, starting at $9.54
23 used, starting at $3.03
America's 85,000 brokers can learn how to shape their practices for the future. Tom Dorsey, one of the most energetic and high-profile money managers on Wall Street, has written the ultimate guide for brokers who want to get ahead now and in the coming years. Dorsey draws on his own experience and on the sage advice of other leading brokers to inspire and instruct professionals. He shows brokers how to shape their practices: how to build a strong, enduring client base in light of new competition from the Internet, mutual funds, retail banks, and financial planners; and how to tackle new challenges as the market evolves over the next decade. Wall Street professionals love to read about their own. Tom Dorsey is the perfect inside to extract and translate the knowledge of today's heavy hitters in the brokerage industry. Advancing the tradition of Jack Schwager's "Market Wizards" and Peter J. Tanous's "Investment Gurus," Dorsey interviews more than a dozen top brokers to offer readers a glimpse of how to succeed in this perpetually changed field. Top rated professionals such as Ed Rosenberg of Paine-Webber; Jim Parrish, director at Morgan Keenan; and Dennis Nelson of Piper Jaffrey reveal what new tools top brokers need to win business in today's volatile markets. This book combines top-drawer advice and technical tips for brokers on how to position themselves and their business to compete in the coming years. Sound advice on: how brokers can create a niche and position for themselves in the future; where the brokerage business has been and where it's headed; how discount brokers and the Internet have affected the market; how technical; stock analysis can improve business; how small firms can compete with much bigger houses; how to take advantage of new technology.
A Great Book that covers various approaches to the businessReviewed by K. Christopher Doehring, 2005-12-23
Tom takes the time to interview different brokers with different approaches/business models showing there's more than one way to skin a cat as a broker. Yes Point and Figure Charting is referenced throughout the book but you don't need an understanding of it because it is secondary, even tertiary to the books thrust: the varying ways top brokers have built there businesses. Admittedly, I am a follower of Point and Figure and a subscriber of Dorsey Wright & Associates. His other books are based on Point and Figure and it would help to have that understanding in reading his trading strategies book. For someone seeking direction within our industry, this is a must as a reference.
There are better booksReviewed by Richard M. Rosso, 2001-07-13
This book may have been published, just to be published, but not to provide any worthwhile information for such an inflated price. There are some great books out there by Nick Murray, Bill Bachrach and Steve Moeller. Save your money - Stay away from this one..
Self-serving and promotional--author should stick to chartsReviewed by Anonymous, 1999-10-14
I agree with the rest of the reviews--this was one big brochure. The only thing it's good for is pushing the author's point and figure business.
Helps brokers become successful and investors make moneyReviewed by Anonymous, 1999-09-19
The book consists of interviews with some of America's best-know brokers. They go far in revealing incidents and secrets they acquired during their long experience. Tom Dorsey, himself no lesser expert, interviews them in a clever way. He compliments what they are saying and prompts them with cues that sometimes trigger more details than they may have wanted to give.
Written for the broker the book is highly accessible to the average investor. The many real-life examples and useful practical advice will help new brokers succeed and investors make money. The issues range from the appropriate emotional disposition "the key to success for any broker is confidence" to the utility of technical analysis "the beauty of the Point and Figure method is there is no room for subjectivity."
Dorsey's insights extend into the 21st century. He has a clear vision of what the new century (technology and the Internet) has in store for brokers and investors.
Not to be overlooked are the book's two Appendices. The first one gives summary information on 350 web sites for brokers. The second presents the basics of the Point & Figure Charting technique, something that no ones is to better suited to speak about than Dorsey himself.
An absolute must read for EVERY investment professionalReviewed by Anonymous, 1999-09-10
In this age of increased competition from on line brokers and do-it yourselfers Tom Dorsey provides you with the tools to compete effectively and confidently. He provides you with ideas on prospecting, building relationships, using technical analysis, and even creating partnerships.If you plan to stay in the brokerage business you should plan to read this book.