An insiders' perspective on playing the stock market, revised to reflect the new realities of today's stock market. Famed for their outspoken commentary on PBS's The Nightly Business Report and in the business press, Thomas J. Herzfeld and Robert F. Drach reveal their own techniques for picking stocks and determining when to buy or sell. They include a master list of stocks for possible purchase during buy periods and will provide updated master lists at no cost to any reader upon request. Cautious investors will appreciate this book's emphasis on low risk. For more experienced players, there are assessments of well-known investment theories and systems, from hedging to dollar cost averaging. Those considering investments other than stocks should enjoy complete coverage of options, index futures and closed-end funds. Herzfeld and Drach also dissect how the market works, how its participants behave, and how readers can take advantage of them. There are also tips for dealing with brokers.