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Hold on to your hats for the conclusion of the celebrated hat trilogy by Caldecott Medalist Jon Klassen, who gives his deadpan finale a surprising new twist.

Two turtles have found a hat. The hat looks good on both of them. But there are two turtles. And there is only one hat. . . . Evoking hilarity and sympathy, the shifting eyes tell the tale in this brilliantly paced story in three parts, highlighting Jon Klassen’s visual comedy and deceptive simplicity. The delicious buildup takes an unexpected turn that is sure to please loyal fans and newcomers alike.

• Sales Rank: #3978 in Books
• Brand: Candlewick Press MA
• Published on: 2016-10-11
• Released on: 2016-10-11
• Original language: English
• Number of items: 1
• Dimensions: 11.31" h x .44" w x 8.25" l, 1.25 pounds
• Binding: Hardcover
• 56 pages

Features

• Candlewick Press MA

From School Library Journal
PreS-Gr 3—The conclusion to the "Hat" trilogy offers the sly humor fans have come to expect along with a surprisingly tender ending. When a pair of googly-eyed tortoises find a 10-gallon hat—which they both agree would look good on either of them—they decide to leave it be rather than risk inequity between them. But as should be expected of any Klassen animal in close proximity to headgear, it becomes obvious that one of the tortoises still very much covets the hat. As in his previous works, Klassen takes a minimalist approach, with an economy of words and simple, textured shapes. The repetition of certain phrases and the organization of the title into three parts make this entry flow like an easy reader. Full-page compositions showcase the bare desert landscape, with soft gradients of muted orange as the sole bit of color in the gray and black palette. Fans of the previous "Hat" books who follow the subtle clues and motivations will likely suspect an ironic ending. In a charming turn, the conflict is resolved through empathy and the bonds of friendship—Klassen's animals have clearly evolved in their thinking since the bear in I Want My Hat Back and the fish in This Is Not My Hat. The lightest touch of the surreal adds to the dreamy melancholy of this tale. VERDICT A different but wholly delightful and thought-provoking capper to Klassen's ingenious series.—Kiera Parrott, School Library Journal

Review
Jon Klassen’s typical minimalism reaches a new level of refinement in "We Found a Hat" — in my opinion the best and most stirring in his hat trilogy...Klassen, who speaks the language of the picture book like few other authors and illustrators these days, has created a masterpiece of honest feelings, emotional tension and poetic restraint.
—The New York Times Book Review

In this concluding volume of a thematic trilogy, Klassen employs all his trademark dry wit and deadpan humor to tell the story of a hat-related caper...The three- part narrative has a distinctly Western feel, complete with a desert setting drawn in dusty pink and brown tones—and then, of course, there’s the sense of impending betrayal. The conclusion might surprise even those familiar with Klassen’s twist endings, and the growing tensions, simple narrative, and intriguing details will endear this to many.
—Booklist (starred review)

The conclusion to the "Hat" trilogy offers the sly humor fans have come to expect along with a surprisingly tender ending...In a charming turn, the conflict is resolved through empathy and the bonds of friendship—Klassen’s animals have clearly evolved in their thinking since the bear in I Want My Hat Back and the fish in This Is Not My Hat. The lightest touch of the surreal adds to the dreamy melancholy of this tale. A different but wholly delightful and thought-provoking capper to Klassen’s ingenious series.
—School Library Journal (starred review)

Klassen considers the instant at which a decision to act can break either way, depending on who's tempted and whether anyone else is watching. In contrast to the first two books, which relied on a certain conspiratorial menace, this one ends with a moment of grace and a sky full of stars. All three stories are about justice. It's just that justice doesn't always mean the same thing.
—Publishers Weekly (starred review)

The tenderness in this book (with its uplifting ending) is just as surprising as the black humor in the earlier ones. While the book is richer in the context of the two pre- vious volumes, Klassen leaves enough space for uninitiated readers to make their own meaning out of this story about a hat—but, here, also about an enduring and precious friendship.
—Horn Book (starred review)

Rare indeed is the author/illustrator who can create an artistic literary sequence about hat ownership; so rare, in fact, that Jon Klassen may be the only one...Kids may have their own suggestions for how the turtley twosome could have dealt with the hat problem, and while this doesn’t have the dramatic dénouement of This Is Not My Hat, audiences will warm to its wit and sweetness.
—Bulletin of the Center for Children's Books (starred review)

Readers may be surprised when the spare, visually witty story ends in dreamland, where both tortoises are floating side by side in a star-sprinkled black sky... both wearing tall white hats. Will this lovely vision survive the light of day? Ask Klassen.
—Shelf Awareness

The final act, in which one tortoise descends the rock toward the hat and the other, though supposedly sleeping, narrates a star-filled dream in which they both wear hats, challenges readers to construct their own endings. There are no belly laughs here, but patient children and Klassen's fans will be fully engaged. Beguiling.
—Kirkus Reviews

The turtles have the classic Klassen deadpan, their eyes sliding from side to side in a meaning way, and as time ticks on we fear that something bad is going to happen. And perhaps it almost does, but to our relief (or disappointment, depending), this third volume in a headgear trilogy ends with concord under a star-spangled sky.
—The Wall Street Journal

We Found a Hat and the trilogy as a whole provides an entertaining, easy to read story on one level but also grants plenty of space for more complex and lively discussion.
—New York Journal of Books

Klassen makes great use of the turtles’ eye expressions, conveying the complicated emotions of friendship as well as subtle humor...This is a heartwarming, wonderful conclusion.
—BookPage

"We Found a Hat" is a moving story about loyalty, sacrifice, friendship, and the power of imagination.
—The Boston Globe

The most epic trilogy since Lord of the Rings comes to its heart-stopping conclusion...We Found a Hat is a surprisingly nuanced exploration of friendship, bargaining and millinery.
—Globe and Mail

It’s a classic problem: two turtles, one hat. Well, maybe not classic, but you get the idea. In the just-released and last book of his Hat series, Jon Klassen’s wit shines.
—Boing Boing

Klassen’s hat trilogy (which includes "I Want My Hat Back" and "This Is Not My Hat") comes to a sweet end in this story about friendship — between turtles in the desert — and selfless-ness.
—The Boston Globe

A perfect ending to this fabulous trilogy. It was definitely worth the wait.
—A Year of Reading (blog)

Longing is conveyed with expressive eyes, the monotone palette, a wonder of understatement and the spare text, a measured guide to dilemma and dreams. In the end, the turtles go with restraint over temptation in a vote for civility and friendship.
—San Francisco Chronicle

The wondrous, funny, wise and lovely "We Found a Hat" is the last in a trilogy of picture books starring animals and hats from gifted author-illustrator Jon Klassen.
—Buffalo News

There is more to this book than meets the eye, and plenty to discuss around the Caldecott table.
—Calling Caldecott (blog)

Klassen brings dry, deadpan humor to this desert setting complete with cactus, a big sunset and starry skies. It’s the best of the Hat books.
—MySanAntonio.com

Those who have read and loved the previous two books in the hat series might assume they know how this one will end, but Klassen proves once again he can still surprise with a finale—even if this one is coming a turtle's pace away.
—Globe and Mail

About the Author
Jon Klassen is the author-illustrator of I Want My Hat Back, a Theodor Seuss Geisel Honor Book, and This Is Not My Hat, winner of the Caldecott Medal. He is the illustrator of two Caldecott Honor books, including Sam and Dave Dig a Hole and Extra Yarn, both written by Mac Barnett, as well as House Held Up by Trees, written by Ted Kooser. Originally from Niagara Falls, Ontario, Jon Klassen now lives in Los Angeles.

Most helpful customer reviews

28 of 28 people found the following review helpful.
Just Right
By Thomas Quale
First off, I adore Jon Klassen's work, esp. I Want My Hat Back (which, if somehow you don't have it, go buy it, right now). We Found a Hat is so very gentle and so very sweet and so really unlike I Want My Hat Back and This is Not My Hat, both of which have a kind of edge to them. Two tortoises, obviously very old and close friends, find a hat -- only one hat. They leave it, as it would only cause friction between them, but it's amazing how Klassen manages to infuse covetousness in one of two identical tortoises just by manipulating its eyes. There is no violence (not even implied off-screen) and in the end no betrayal, only an affirmation of the bond of friendship. The story and the book are both very beautiful and if this completes Klassen's "Hat Trilogy," it ends just right.

8 of 8 people found the following review helpful.
Fun Creative Stories
By ChandlerLady
Loved this book so much; I purchased the other two "hat" books. My granddaughter is three and loved the stories as well. This one in particular has a story which is a little more fitting to a three year old. The other two books are fantastic and funny, but the endings are better suited to 5 year olds and up. Would recommend absolutely and no second thoughts about my purchase of these fabulously written books.

15 of 16 people found the following review helpful.
Have Kleenex at hand...
By Danielle Davison
It isn't often a writer/illustrator comes along like Klassen. He is in the same class as Steig, Sendak and Virginia Lee Burton. I have an unfettered love and appreciation for his words and illustrations. As such, I knew this book would be great. I didn't think it could exceed my expectations, but it did. Whether it was a tightly kept secret or I simply missed the memo, it came as a surprise to me We Found A Hat is a story of friendship. It is the best in his 'Hat series,' which is truly saying something. Buy it and read it aloud to the ones you love best.

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This book provides an engaging account of the moral lives of young black South Africans once the struggle against apartheid ended and took away their object of political resistance.

• Sales Rank: #3796310 in Books
• Published on: 2009-12-15
• Released on: 2009-12-22
• Original language: English
• Number of items: 1
• Dimensions: 9.61" h x .73" w x 6.27" l, 1.04 pounds
• Binding: Hardcover
• 228 pages

Review

"Written with tempered passion, Sharlene Swartz s award winning research heralds a powerful new voice, one who can clarify the ambiguity and ambivalence of moral development under difficult conditions" - Professor Robert L. Selman, Harvard University

"An important, deeply moving study of the moral thinking and behavior of young black people in a South African township. This book is reported with affection and critical analysis. It should be useful for educators everywhere who work with populations that have suffered discrimination and exploitation." - Professor Nel Noddings, author of Critical Lessons: What Our Schools Should Teach.

"Sharlene Swartz has given us a stunning, prize-winning account of the morality of township youth. The brilliance of her ethnography brings to life young people s struggle to define right and wrong so as to survive in an unjust violent world. This book marks a definitive shift in sociological studies of youth and the field of moral education by demonstrating the power of empirical research into moral formations." - Professor Madeleine Arnot, University of Cambridge, UK.

"Dr. Swartz has pulled together what is arguably the most interesting work in moral psychology that I have seen in many years . . . Its readability and interest will extend beyond the narrow confines of the academy. This is an impressive bit of scholarship, in the best ethnographic tradition. It is exceedingly well-written, and I am confident that it will make a splash in moral development and education." - Professor Dan Lapsley, University of Notre Dame

"Numerous researchers have in recent years called for studies of moral reasoning in context, but few of them have bothered to get inside cultures so as to uncover how they orient thinking and come to define those dimensions of morality that count in their lives. I imagine that this book would be used in a variety of courses from psychology departments to schools of education to departments of social work and sociology. I recall how Willis's description of working class youth in the UK became a well used text or how Rogoff's studies became must readings in courses on development... I think the potential to match these other works is real." - Professor James Youniss, Catholic University of America

"Rich and nuanced, Swartz s work paints masterfully the incredible resilience of humanity. Swartz coins some new terms� moral capital and moral ecology � that, along with her moral sociology, will enter the discourse on moral development and education, shaping dialogue among researchers, theorists and educators for years to come." - Dr Darcia Narvaez, University of Notre Dame

"At last, an up-to-the minute book on youth from a non Western perspective. Moral ecology makes a richly welcome contribution to the literature and a must-read foryouth scholars, policy makers and all those interested inunderstanding young lives. Based onan ethnographic study of youthin post conflict South Africa, this is a fresh, original andthoroughly rewarding read." - Dr Mary Jane Kehily, The Open University, UK

"Moral ecology is an innovative development in social scientific research, not only because it places the morality of youth at the heart of social scientific analysis, but also because it demonstrates the importance of putting the moral fibre of all societies under the social scientific microscope. The book is interesting and insightful, academically and socially, personally and politically. It challenges many of the reigning orthodoxies in the field of moral education, while simultaneously extending the boundaries of social scientific research to incorporate the normative. The book should be read by all of those with a sociological and educational imagination, within and without South Africa." - Professor Kathleen Lynch, Chair of Equality Studies, University College Dublin

"This kind of work is so important amidst such disparaging stereotypes/images about poor, urban youth around the globe - as threats to civil society rather than assets to the future. I can easily see the book used in courses of youth culture and development; in qualitative methodology courses; and in teacher education... Great work Sharlene. Bravo!" - Professor Wendy Lutrell - Harvard University Graduate School of Education

About the Author
SHARLENE SWARTZ�is currently a research specialist in the Child, Youth, Family and Social Development division of the Human Sciences Research Council in South Africa, and a visiting research fellow at Cambridge University.

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Furono gli illuministi per primi a ridefinire un'etica dei diritti cosmopolita, razionale, mite, umanitaria, fatta dall'uomo per l'uomo, capace di dar vita a un potente linguaggio politico dei moderni contro il secolare Antico regime dei privilegi, delle gerarchie, della disuguaglianza e dei diritti del sangue. Furono gli illuministi a far conoscere al mondo intero che i diritti dell'uomo per definirsi tali devono essere eguali per tutti, senza alcun tipo di distinzione di nascita, ceto, nazionalit�, religione, genere, colore della pelle; universali, cio� validi ovunque; inalienabili e imprescrittibili di fronte a ogni forma di istituzione politica o religiosa. Ed � proprio ponendo l'accento sul principio di inalienabilit� che la cultura illuministica – vero laboratorio della modernit� – trasform� radicalmente gli sparsi e di fatto inoffensivi riferimenti ai diritti soggettivi nello stato di natura in un linguaggio politico capace di avviare l'emancipazione dell'uomo.

Spaziando dall'Italia di Filangieri e Beccaria alla Francia di Voltaire, Rousseau e Diderot, dalla Scozia di Hume, Ferguson e Smith alla Germania di Lessing, Goethe e Schiller, sino alle colonie americane di Franklin e Jefferson, Vincenzo Ferrone affronta un tema di storiografia civile che si inserisce nel grande dibattito odierno sul nesso problematico tra diritti umani e autonomia dei mercati, tra politica e giustizia, diritti dell'individuo e diritti delle comunit�, dispotismo degli Stati e delle religioni e libert� di coscienza.

• Sales Rank: #3514017 in eBooks
• Published on: 2014-06-12
• Released on: 2014-06-12
• Format: Kindle eBook

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Translation of a letter from David Asher to Arthur Schopenhauer

regarding his philosophy

• Sales Rank: #3220264 in eBooks
• Published on: 2013-04-09
• Released on: 2013-04-09
• Format: Kindle eBook

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[P592.Ebook] Free Ebook The White Chapel: Book 2 in the Steamy New Adult Contemporary Romance Series (The Chapel Series), by Marilyn Cruise

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Scarlett has decided that Michael and her are too different to work things out. But when the sordid deal that brought them together is still very much on, and Michael proves to be more faithful to her than she initially thought, she's quickly drawn back into the drama and the earth-shattering affair that will either leave her in complete ecstasy or utterly heartbroken.

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• Sales Rank: #40560 in eBooks
• Published on: 2015-02-19
• Released on: 2015-02-19
• Format: Kindle eBook

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5 of 5 people found the following review helpful.
Three Stars
By buck
I like stroies that end with one book.

3 of 3 people found the following review helpful.
Marilyn Cruise has done it again in her sequel White ...
By Kayla Farris
Marilyn Cruise has done it again in her sequel White Chapel. I absolutely adored this novel and found myself turning the pages eagerly wanting more. I cannot wait for her the last book in the series to be released! Cruise effectively continues the story of a stripper and a billionaire who wishes to marry her for an inheritance. This novel is crazy passionate and had me not knowing my feelings toward the two as a couple. My opinions were changing and developing with every turn in the story. There is only three things you need to accomplish tonight: read this novel, indulge in the seductive world Cruise has created, and dream of a handsome billionaire.

2 of 2 people found the following review helpful.
MARILYN, YOU ROCK
By Joyce Walker
I can't get enough of this book that had me crying and laughing all the way to ordering the 3rd book, my advise get all three at once. This book continues with Michael and Scarletts plan to decieve his mother Diane, who is as vicious as she is sweet. She definitely sees right threw both of then up to and including her final message to Scarlett. When Michael finally realizes he truly loves her, will it be too late, has all the lies and mistrust really the end? This book will capture your heart so you can't help but go onto book three.

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[E369.Ebook] Download Ebook BRS Biochemistry, Molecular Biology, and Genetics (Board Review Series), by Michael Lieberman PhD, Rick Ricer MD

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BRS�Biochemistry, Molecular Biology, and Genetics is an excellent aid for USMLE Step 1 preparation and for coursework in biochemistry, molecular biology, and genetics. Fully updated for its sixth edition, chapters are written in an outline format and include pedagogical features such as bolded key words, figures, tables, algorithms, and highlighted clinical correlates. USMLE-style questions and answers follow each chapter and a comprehensive exam appears at the end of the book.

• Sales Rank: #32925 in Books
• Brand: Lieberman, Michael A., Ph.D./ Ricer, Rick, M.D.
• Published on: 2013-09-14
• Original language: English
• Number of items: 1
• Dimensions: 10.00" h x 7.00" w x .75" l, 1.90 pounds
• Binding: Paperback
• 432 pages

Features

• Used Book in Good Condition

About the Author
MICHAEL A. LIEBERMAN, PhD, is Professor in the Graduate School in Electrical Engineering at the University of California, Berkeley. He has published more than 170 journal articles on the topics of plasmas, plasma processing, and nonlinear dynamics. He has also coauthored, with Professor Lichtenberg, Regular and Stochastic Motion and Regular and Chaotic Dynamics, Second Edition.

ALLAN J. LICHTENBERG, PhD, is Professor in the Graduate School in Electrical Engineering at the University of California, Berkeley. A respected pioneer in the fields of high-temperature plasmas, plasma discharges, and nonlinear dynamics, he has published about 150 articles in these areas. In addition to the books coauthored with Professor Lieberman, he has written an earlier monograph Phase-Space Dynamics of Particles (Wiley).

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7 of 7 people found the following review helpful.
and it is better to me for understanding the material
By E
Correlates with Lippincott's Illustrate Reviews Biochemistry very tightly. I used Lippincott's as a mini-textbook (supplemented school's syllabus), and it is better to me for understanding the material, but BRS is far more conducive for review, with its high-yield outline format and more USMLE-like questions. The questions are excellent, ULMLE-type, and include additional online questions. Clinical correlates are nearly the same in each review book, although cursory in both (better covered in First AId Cases) - I looked up each disease mentioned while studying for class in a pathology text (Robbins or Rubin's) to better understand the manifestations/dx/tx. There are a few errors in BRS (iron response element regulatory mechanism, etc.). I don't know how Rapid Review Biochemistry compares.

6 of 6 people found the following review helpful.
Very concise book covering molecular biology and genetics
By Sydney Lam
If you want a more thorough yet concise enough review book for medical Biochemistry, go for LIR.
If you want one with broad coverage of molecular biology and genetics and does not want to purchase a textbook for the topic, go for BRS Review.
This book is more on genetics and molecular biology. I like the point-form arrangement of the book which makes reading easier. Moreover, there are abundant multiple choice exercises behind each chapter with answers, facilitating students' learning of the subject.
This book is not very thick, but I'm sure it'll be quite useful.

8 of 9 people found the following review helpful.
Five Stars
By Kay
When I graduate I'm sending a copy of my MD to the author. It's as much theirs as mine.

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[E267.Ebook] PDF Ebook Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk, by Gary Antonacci

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WINNER, Business: Personal Finance/Investing, 2014 USA Best Book Awards
FINALIST, Business: Personal Finance/Investing, 2015 International Book Awards

Dual Momentum Investing details the author's own momentum investing method that combines U.S. stock, non-U.S. stock, and aggregate bond indices--in a formula proven to dramatically increase profits while lowering risk. Antonacci reveals how momentum investors could have achieved long-run returns nearly twice as high as the stock market over the past 40 years, while avoiding or minimizing bear market losses--and he provides the information and insight investors need to achieve such success going forward. His methodology, supported by rigorous academic research, is designed to pick up on major changes in relative strength and market trend.

"This is an excellent book on the various forms of price momentum and why they work, including a very clever way to use them. I highly recommend investors read this book." - James P. O'Shaughnessy, author, What Works on Wall Street, Chairman and CEO of O'Shaughnessy Asset Management

• Sales Rank: #23380 in Books
• Published on: 2014-10-31
• Original language: English
• Number of items: 1
• Dimensions: 9.25" h x .85" w x 6.36" l, .92 pounds
• Binding: Hardcover
• 240 pages

Review
"Dual Momentum Investing is a must-read for individual investors and financial professionals." - Scott's Investments

"I ran the numbers for this strategy myself and they are quite impressive. The back-test makes sense, as do the behavioral reasons for the momentum factor." - A Wealth of Common Sense

"Gary Antonacci's Dual Momentum Investing provides both a fantastic introduction to momentum investing, as well as a sophisticated discussion of and an approach to achieving risk-managed exposure to the anomaly across asset classes." - Alpha Architect

"Antonacci's extensive research and his clear-headed thinking have led to a book that every investor should read...The practically oriented investor will find a road map for moving ahead and staying out of really big trouble." - Reading the Markets

From the Inside Flap
After examining more than two-hundred years of data across dozens of markets and asset classes, the conclusion is clear: Momentum continually outperforms. However, most mainstream investors haven't had a way to fully discover and implement the benefits of momentum investing . . . until now! Whether you're an independent investor, investment professional, or money manager, Dual Momentum Investing enables you to consistently profit on major changes in relative strength and market trend.

Based on the award-winning work of Gary Antonacci, an expert in modern portfolio theory and optimization, this groundbreaking guide presents an easy-to-understand, straightforward model that transforms momentum concepts into an actionable investing strategy called Global Equity Momentum (GEM). By combining relative-strength momentum and absolute momentum, this unique methodology lets you take advantage of intra-market trends while avoiding large drawdowns. A disciplined implementation of his proven strategy enhances the ability of every investor to:

* Lock in profits and mitigate risk with a minimal number of switches per year among U.S. equities, non-U.S. equities, and bonds

* Establish meaningful control over investment risk once an asset's value begins to decline

* Remove emotional and behavioral biases from your decision-making, while taking advantage of these same biases in others to achieve exceptional returns

Each facet of GEM is explained in simple clarity using the perfect amount of supporting theory, historical analysis, and understandable data. Pragmatic techniques come to life with real-world relevance that both deepens your understanding of why dual momentum works and better prepares you for using it with your own investments. From picking a cost-effective brokerage firm, to making asset choices, to customizing your strategy as you near retirement--this reliable guide helps you do it all with the confidence you'll gain through repeated success.

From the Back Cover
The strategy that consistently gets high returns with low risk--because it knows when to adapt
�
"Gary Antonacci takes us on a comprehensive tour of investment methods, exploring their strengths and weaknesses and lays out a strong case for combining absolute and relative momenta. I consider Dual Momentum as an essential reference for system designers, money managers, and investors."
- Ed Seykota
�
"Gary Antonacci's Dual Momentum is what happens when 'Ed Thorpe's Beat the Dealer meets Seth Klarman's Margin of Safety.' This is an ambitious and must-have book."
- Claude Erb, retired Managing Director, TCW Group, Inc.
�
"Antonacci presents a clear and scholarly sound case for the success of a simple momentum based strategy. Give it a try; you'll be hooked!"
- John Nofsinger, Ph.D., Seward Chair of Finance, University of Alaska Anchorage,� author of The Psychology of Investing
�
"A treasure of well-researched momentum-driven investing processes. Antonacci clearly shows a number of different methods that anyone who is serious about a long-term strategy will find easy to implement. This is one of those five-star books; it is logical and easy to grasp."
- Gregory L. Morris, Chief Technical Analyst and Investment Committee Chairman, Stadion Money Management, LLC, author of Investing with the Trend
�
"A must read for both individual investors as well as financial advisors. It will forever change the way you think about developing investment and asset allocation strategies."
- Dr. Bob Froelich, retired Vice Chairman, Deutsche Asset Management
�
"An achievement in simplicity and common sense. Investors could greatly improve their returns with a few ETFs and the back of an envelope. I also found value in the background material."
- Perry Kaufman, Managing Director, Kaufman Analytics, Ltd., author of Trading Systems and Methods, Fifth Edition

Most helpful customer reviews

98 of 106 people found the following review helpful.
A better way to invest
By Gagandip Grewal
I have been following Gary's work for almost 3 years now while researching several trading systems. He has been very helpful responding to all my questions and I've learned a great deal from him. It was especially nice to read about Gary's interesting finance career in this book. His network, experience & education made him the right person to discuss the wide range of topics & history he covered.

As the name suggests, this book is about Momentum Investing: the idea that markets with strong relative strength continue outperforming in the short-term while weak markets continue to underperform. The author makes a very compelling case for why momentum is the "premier" anomaly for outperforming the broad market indices.

He does this with a logical flow of ideas that are backed with a great deal of research every step along the way. The book starts by building a foundation with history and finance concepts, then explores all the various funds and alternative strategies out there before discussing what momentum is in detail. By looking at the alternatives, the reader appreciates why momentum stands out.

The author has an excellent writing style. Finance books can get very dull, but Gary's humor and storytelling made the book enjoyable to read. Here is a summary of what I took from this book:

In Chapter 1, Gary acknowledges that indexing beats the average investor since it is more diversified, disciplined and lower cost. This helps supports the idea that markets are efficient. However, while it's hard to beat indexing it's not impossible. You just need a systematic approach (to remove your emotions) that's been thoroughly tested and minimizes costs. Chapter 2 shows this with a historical tour of traders that successfully used momentum to generate excess return for over a century.

Chapters 3-4 discussed concepts from Modern Finance in detail, which can be tough to follow if you don't have a finance background. I really enjoyed the discussion of Behavorial Finance in chapter 4. Investors' emotions cause them to buy and sell at the wrong times and are largely what cause markets to be inefficient. Anomalies like momentum should persist as long as humans have emotions.

Chapters 5-6 discussed the investment landscape. It was shown that stocks have been the best performing asset class (especially US equities) followed by bonds. Gary then discussed other vehicles such as mutual funds, hedge funds and alternative strategies such as "smart beta." It was shown how these vehicles have (on average) underperformed market indices. The number of vehicles and strategies out there today is mind blowing. These 2 chapters can save readers years of frustration.

Chapters 8-10 discussed the Dual Momentum strategy. Gary explained in detail what absolute vs. relative momentum is, how using both enhances his strategy and all the variations to his method that he explored. Backtest results for all permutations were presented in clear, organized tables & charts.

In closing, dual momentum is a premier investment strategy with these benefits:
- 17% CAGR with a 0.9 Sharpe Ratio over last 40 years
- Robust in all market environments (up, down, sideways)
- Persistent over long-run (excess returns since 1800s)
- Systematic (eliminates your emotions and second-guessing yourself)
- Very easy to implement & requires little time (simply glance at one chart, once a month)
- Highly diversified: Uses broad-market ETFs, eliminating company-specific risk
- Ultra low cost: Uses very liquid ETFs (low bid-ask spreads) with low MERs (

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