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Published on: 5/9/2003
Last Visited: 5/9/2003
Play the Market | Ben Stein, who played Ferris Bueller's economics teacher, tells us how to invest wisely.playboy.com / guy 101 / ben stein
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Now Stein has teamed with investment advisor Phil DeMuth to write Yes, You Can Time the Market, a book aimed at slaughtering a sacred cow of investing.
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"Phil and I had long discussions about whether it was possible for the market to be appropriately priced during the bubble," Stein says, "and I kept saying, 'It's way too high.' The brokers of course were saying price-to-earnings didn't mean anything.
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"We found that it's very much better to buy at certain times," Stein explains, "so we were prompted to give people an idea of when is a good time to buy by historical standards."They turned their findings into an easy-to-follow book focused on their market philosophy.To keep up with the ever-changing market, Stein and DeMuth launched a companion website, http://app1.playboy.com/cgi/link.cgi?URL=http%3A%2F%2Fwww.yesyoucantimethem
arket.com, which helps users decide whether or not it's time to buy.
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We asked Stein and DeMuth for some simple principles for young investors on how to play the market.