Follow the Smart Money

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Follow the Smart Money

An investment practice in which one buys and sells the same securities as institutional investors and/or market insiders. Supposedly, these investments perform better than others because institutional investors and market insiders are thought to be better informed than most investors. Many analysts, however, dispute the idea that smart money is any "smarter" than that of the average investor.
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In this groundbreaking book, author Charles Biderman introduces his market-proven technique to improve investment returns by following the smart money in the stock market.
Besides following the smart money like Paul Allen and MCI, with the media convergence and communications revolution well underway, traditional market leaders are looking to broaden their service base by acquiring or investing in smaller, more agile companies.