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The 25th anniversary edition of the bestselling business classic, completely revised and updated

For more than 25 years, The Leadership Challenge has been the most trusted source on becoming a better leader, selling more than 2 million copies in over 20 languages since its first publication. Based on Kouzes and Posner's extensive research, this all-new edition casts their enduring work in context for today's world, proving how leadership is a relationship that must be nurtured, and most importantly, that it can be learned.

• Features over 100 all-new case studies and examples, which show The Five Practices of Exemplary Leadership in action around the world
• Focuses on the toughest organizational challenges leaders face today
• Addresses changes in how people work and what people want from their work

An indispensable resource for leaders at all levels, this anniversary edition is a landmark update and must-read.

• Sales Rank: #1410 in Books
• Brand: Jossey-Bass
• Published on: 2012-07-31
• Original language: English
• Number of items: 1
• Dimensions: 9.30" h x 1.30" w x 6.30" l, 1.41 pounds
• Binding: Hardcover
• 416 pages

Features

• Great product!

Amazon.com Review
Featured Guest Review by Marshall Goldsmith

Marshall Goldsmith has been recognized by almost every major business publication as one of America's leading executive educators and coaches. He is the author or co-editor of more than 32 books, including the New York Times best sellers What Got You Here Won't Get You There and Mojo.

Twenty-five years after the first edition was published, The Leadership Challenge by Jim Kouzes and Barry Posner is still my choice for the best research-based book ever written in the field of leadership. It is a classic, and I recommend it to all of my clients.

The Leadership Challenge is written for real leaders, who today face some of the toughest organizational challenges we've ever encountered. And, it provides practical, real-world advice based on Jim's and Barry's extensive global research that is indispensable for leaders at all levels.

I always refer leaders to this book, because although my Ph.D. is in Organizational Behavior, my undergraduate background is in mathematics. And, I respect people who gather real facts! In developing the Leadership Practices Inventory, which is possibly the world's most widely respected tool for 360° leadership feedback, Jim and Barry have thoroughly reviewed input from tens of thousands of respondents. They've then used this data to form sound conclusions about what works--and what doesn't work--in terms of leadership behavior.

The central theme of The Leadership Challenge is that leadership is for everyone. It can be learned, but, let's face it, it's not easy. The Leadership Challenge is based upon learnings from leaders at all levels--and shows how "regular people" can make a huge, positive difference in their organizations. It is written in a way that can help executives, mid-managers, first-line supervisors, project leaders--and even individual contributors--better understand how they can lead and immediately apply what they have learned in their work.

For example, Jim and Barry asked managers about their clarity around their personal values as well as around the values of their organizations. These managers were also asked about their level of commitment to the organization, their level of motivation and productivity, job satisfaction, and so on. To me, what they found is fascinating! Leaders with the highest levels of commitment are those who are clearest about their own personal values. Clarity about personal values was more prevalent in a positive workplace attitude and level of engagement than was clarity around organizational values. In doing the research for my recent book, Mojo, I found something similar to be true as well: People who find happiness and meaning at home are more likely to also find happiness and meaning at work.

Finally, for those of you reading this book now, I'd highly recommend that you put what you read here into practice. This book can help you lead in such a way that your organization will become a better place for you, your managers, employees, and colleagues-to-be. At the same time, if you implement what you learn here, you'll make a positive difference in not only your organization, but also in your own life and in the lives of those whom you lead.

Review
'One of the most trusted sources on leadership techniques since its first publication 25 years ago. (European CEO, 1st August 2012) If you re forward-looking enough to be serious about yourself as a competent leader, you need this book (Supply Management, December 2012) .now in its fifth edition and rightly so. The book presents the issues of leadership in an easy-to-digest manner, debunking the myth that leadership is some entity that people have or don t have (Professional Manager, March 2013)

From the Inside Flap

"Leaders get people moving. They energize and mobilize. They take people and organizations to places they have never been before. Leadership is not a fad, and the leadership challenge never goes away."—FROM THE INTRODUCTION

For more than 25 years, The Leadership Challenge has been the most trusted source on becoming a better leader, selling more than 2 million copies in over 20 languages since its first publication. Based on Kouzes and Posner's extensive global research, this all-new edition casts their enduring work in context for today's world, proving how leadership is a relationship that must be nurtured and, most important, that it can be learned.

The world and the workplace have changed dramatically since the first edition of The Leadership Challenge went to press, and through over 100 all-new case studies and firsthand accounts, Jim and Barry explore the toughest organizational challenges leaders face today. Yet while the context of leadership has changed dramatically, the content of leadership has endured the test of time. The Five Practices of Exemplary Leadership® remain not only relevant today but critical to a leader's success. Kouzes and Posner's research reveals that when leaders understand that leadership is a relationship and when they begin to engage in The Five Practices—Model the Way, Inspire a Shared Vision, Challenge the Process, Enable Others to Act, and Encourage the Heart—they are better able to embark on their lifelong journey of success and significance. By exploring The Five Practices of Exemplary Leadership in action around the world, Jim and Barry offer fresh insight into the changes in how people work and what people want from their work.

An indispensable resource for leaders at all levels, this anniversary edition of The Leadership Challenge is a landmark update and must-read for anyone looking to be a better leader and make extraordinary things happen.

Most helpful customer reviews

96 of 101 people found the following review helpful.
Worth reading and I like it, but...
By A Reader from the UK
I admire the work that Kouzes and Posner have put into their five practices model and if someone asked me which books on leadership they should read, I would include "The Leadership Challenge". Nonetheless, it has some weaknesses in my view.

First, I feel it focuses so much on the inspirational side of leadership that it underplays the "sleeves-rolled-up" (getting the task done) reality of leadership in smaller firms. This feels like a big-company orientated book.

Second, it doesn't say much about how to develop leadership presence, even though the best leaders seem to have it. To me, great leadership is not just a matter of the right behaviours (which is what this book focuses on), it also depends on your presence. This, I feel, is a gap in the book.

Third, it might give some readers the impression that leaders must always be visionaries. It misses the point that a vision isn't always necessary, but a group purpose is. The purpose may be expressed as a vision, but then again it might not. It might instead be more pragmatic and short-term, especially if it's leadership of a rescue team we're talking about, not an international company.

Fourth, it says what you have to do (the five practices) to lead, but knowing what to do won't always enable someone to do it - especially if the behaviours aren't natural to them. Many leaders are stuck in old habits because of their psychology, but The Leadership Challenge doesn't address this.

Fifth, The Leadership Challenge, I feel, gives the impression that successful leaders have to be inspiring and lead from the front. But surely it is possible to put forth an inspiring idea without always being personally inspiring? Sure, it's helpful to be inspiring and a cheerleader kind of leader, but not everyone is like this. Think of Jim Collins book, "Good to Great," and the level 5 leaders he wrote about. They exuded humility and will, but were often rather low-profile. My point is that there are other ways of leading, but this book could give some people the idea that there's only one way of being a leader.

If you want a companion read that addresses these five points, the best I know of at this point is James Scouller's "The Three Levels of Leadership". This too provides a comprehensive, easily understood model of leadership, but it also gets into the leader's psychology and leadership presence, while staying practical and applicable to both large and small firms.

63 of 66 people found the following review helpful.
A book for everyday leaders
By Book Mark
A great strength of this book is that it makes it very clear that it is designed for all people in leadership positions. The book came out of a research project, and the way the authors about it reveals a lot about its intent. Instead of interviewing top leaders in the business world, the authors interviewed ordinary leaders, but asked them about their peak leadership experiences. When were they at their best? The authors came up with these 5 cardinal rules of leadership:

1. Model the Way. Know your values, but also affirm the shared values of the group. Set the example by aligning actions with shared values.

2. Inspire a Shared Vision. Envision the future by imagining exciting and ennobling possibilities. Enlist others in a common vision by appealing to shared aspirations.

3. Challenge the Process. Search for opportunities by seizing the initiative and by looking outward for innovative ways to improve. Constantly generate small wins and learn from experience.

4. Enable Others to Act. Foster collaboration. Strengthen others by increasing self-determination and developing competence.

5. Encourage the Heart. Recognize contributions by showing appreciation for individual excellence. Celebrate the values and victories by creating a spirit of community.

This is a book for the ordinary leader, who dreams of extraordinary things. The idea that comes through all the way is that leadership is not just about your position or your company's status. Being a leader is about "relationships, credibility, and what you do." Highly recommended for anyone in leadership positions -- maybe even especially those NOT at the top of the totem pole.

I really hope you found this review helpful.

38 of 40 people found the following review helpful.
Callenge Yourself
By Nolan Vandewerker
This is a very in-depth book that challenges leaders to mobilize their people to get extraordinary things done in their organizations. The content is very digestible, intuitive, and compelling. It is called "The Leadership Challenge" for a reason: the chapters offer anecdotes and activities that challenge you to become the best leader you can be. They are quite good. Something as simple as, "Write Your Credo"--where it challenges you to write your own guiding principles as a leader--proved to be a valuable exercise for me.

I like leadership books that offer intuitive content and at the same time teach me to apply what I'm reading. Another book I recommend that does this incredibly well is Leadership 2.0

But I digress, here's a summary of what's in "The Leadership Challenge":

PART I. WHAT LEADERS DO AND WHAT CONSTITUENTS EXPECT

1. The Five Practices of Exemplary Leadership:
1) Model the way
2) Inspire a shared vision
3) Challenge the process
4) Enable others to act
5) Encourage the heart

2. Credibility Is The Foundation of Leadership: For people to follow someone willingly, the majority of constituents believe the leader must be honest, forward-looking, inspiring, and competent.

PART II. MODEL THE WAY

3. Clarify Values: Find your voice and affirm shared values.

4. Set the Example: Personify the shared values and teach others to model these values.

PART III. INSPIRE A SHARED VISION

5. Envision the Future: Imagine the possibilities and find a common purpose.

6. Enlist Others: Appeal to common ideals and animate the vision.

Part IV. CHALLENGE THE PROCESS

7. Search For Opportunities: Seize the initiative and exercise outsight.

8. Experiment and Take Risks: Generate small wins and learn from experience.

Part V. ENABLE OTHERS TO ACT

9. Foster Collaboration: Create a climate of trust and facilitate relationships.

10. Strengthen Others: Enhance self-determination and develop competence and confidence.

PART VI. ENCOURAGE THE HEART

11. Recognize Contributions: Expect the best and Personalize recognition.

12. Celebrate the Values and Victories: Create a spirit of community and Be personally involved.

Part VII. LEADERSHIP FOR EVERYONE

13. Leadership Is Everyone's Business
- You are the most important leader in your organization.
- Leadership is learned.
- Leaders make a difference.
- First lead yourself.
- Moral leadership calls us to high purposes.
- Humility is the antidote to hubris.
- Leadership is in the moment.
- The best-kept secret of successful leaders is love: staying in love with leading, with the people who do the work, with what their organizations produce, and with those who honor the organization by using its products and services.

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• Sales Rank: #1197246 in Books
• Published on: 2009-12-03
• Original language: Spanish
• Number of items: 1
• Dimensions: 10.00" h x .8" w x 8.00" l, 1.01 pounds
• Binding: Paperback
• 32 pages

About the Author
Irama González es Licenciada en Administración de la Universidad Santa María (USM) de Venezuela, Certificada en QuickBooks(r) y ejerce como Consultora del programa desde hace más de 10 años. Actualmente es Instructora privada y dicta cursos de QuickBooks(r) en MDCC en Miami, además de ofrecer consultoría y servicios privados en relación a este programa. Su interés principal en la creación de esta serie de guías en español es educar a los usuarios hispanos en la utilización de este versátil programa para que les permita conseguir empleos seguros y aportar en el desarrollo de las empresas que lo utilizan, así como familiarizar a los consumidores hispanoparlantes con las terminologías contables en el idioma inglés.

Most helpful customer reviews

1 of 1 people found the following review helpful.
muy buen libro
By carmen martinez
es un buen libro ,para aquellos que estan aprendiendo,siempre es bueno tener referencia de nuestras finanzas ,y de como trabajan los contadores a quienes les entregamos nuestras cuentas.

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• Sales Rank: #5301665 in Books
• Published on: 2004-09
• Original language: English
• Number of items: 1
• Dimensions: 8.75" h x 6.00" w x .50" l, .56 pounds
• Binding: Paperback
• 180 pages

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4 of 4 people found the following review helpful.
The effects of dominance
By Carol Abkarian
This is a collection of stories from students who voice their personal struggles, express their pain, and address the injustice they have encountered due to racism in today's society. Their powerful stories touch on changing physical appearances, names, and accents in order to conform to the standards set by white dominance. Once you read this book it will open your eyes to the existing glass ceilings, the unspoken inequalities, and prejudices people are faced with on a daily basis. Through Voices of Pain Voices of Hope Dr. Jerome Rabow explores issues such as superiority amongst white dominance and the ideology of increasing your own value, and position at the expense of those from your won race, and others. His writing is both informative and powerful. Jerome Rabow sheds light on the issues America has been struggling with, and acknowledges the pain of those who have encountered racism. This by far is an exceptional book many can learn and benefit from.

2 of 2 people found the following review helpful.
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By A Customer
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• Sales Rank: #7366439 in Books
• Published on: 2005
• Binding: Paperback

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48 of 48 people found the following review helpful.
Flag Page Book Review
By tayj13joshua
The book is a good book but very over priced since they no longer come with a code to access the flag page. This is very misleading that they changed this and it is very hard to know this because nothing about this is mentioned in the product description. Even in Mark's video he said that the book does come with a code. The codes are an additional $15 that you have to get from their site.

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Great explanation of the Flag Page Concept
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The essential e-learning design manual, updated with the latest research, design principles, and examples

e-Learning and the Science of Instruction is the ultimate handbook for evidence-based e-learning design. Since the first edition of this book, e-learning has grown to account for at least 40% of all training delivery media. However, digital courses often fail to reach their potential for learning effectiveness and efficiency. This guide provides research-based guidelines on how best to present content with text, graphics, and audio as well as the conditions under which those guidelines are most effective. This updated fourth edition describes the guidelines, psychology, and applications for ways to improve learning through personalization techniques, coherence, animations, and a new chapter on evidence-based game design. The chapter on the Cognitive Theory of Multimedia Learning introduces three forms of cognitive load which are revisited throughout each chapter as the psychological basis for chapter principles. A new chapter on engagement in learning lays the groundwork for in-depth reviews of how to leverage worked examples, practice, online collaboration, and learner control to optimize learning. The updated instructor's materials include a syllabus, assignments, storyboard projects, and test items that you can adapt to your own course schedule and students.

Co-authored by the most productive instructional research scientist in the world, Dr. Richard E. Mayer, this book distills copious e-learning research into a practical manual for improving learning through optimal design and delivery.

• Get up to date on the latest e-learning research
• Adopt best practices for communicating information effectively
• Use evidence-based techniques to engage your learners
• Replace popular instructional ideas, such as learning styles with evidence-based guidelines
• Apply evidence-based design techniques to optimize learning games

e-Learning continues to grow as an alternative or adjunct to the classroom, and correspondingly, has become a focus among researchers in learning-related fields. New findings from research laboratories can inform the design and development of e-learning. However, much of this research published in technical journals is inaccessible to those who actually design e-learning material. By collecting the latest evidence into a single volume and translating the theoretical into the practical, e-Learning and the Science of Instruction has become an essential resource for consumers and designers of multimedia learning.

• Sales Rank: #36624 in Books
• Published on: 2016-03-21
• Original language: English
• Number of items: 1
• Dimensions: 10.30" h x 1.30" w x 7.40" l, 1.47 pounds
• Binding: Hardcover
• 528 pages

From the Inside Flap

Over the 15 years since the first edition of this book, various forms of digital learning have grown from 10% to about 40% of training delivery media. The emergence of virtual classrooms and evolution of asynchronous formats on multiple digital platforms make the research on what works to promote learning more important than before. In this Fourth Edition, you can review guidelines, checklists, and examples that guide your major e-learning design and development decisions. Whether you are reviewing off-the-shelf courseware or creating your own lessons, this book will address fundamental issues such as:

• What kinds of graphics help learning and what kinds of graphics hurt learning
• Which audiences most benefit from graphics
• When and how to best use animations
• Situations in which it is best to use audio to describe graphics
• Situations in which it is best to use text to describe graphics
• How to place text on the screen to maximize learning
• How to avoid mental overload caused by inappropriate use of graphics, text, and audio
• The benefits of personalizing lessons through informal language and on-screen avatars
• Ways to increase social presence in virtual and asynchronous learning events
• How to maximize learning benefits of examples and demonstrations
• The best forms of engagement for learning
• Practice activities and placement that optimize learning
• The types of feedback that promote learning from practice
• When and how to use online collaboration to optimize learning
• Techniques to use in e-learning to build thinking skills
• The benefits of scenario-based e-learning
• The effects of video games on cognitive skills
• Instructional methods proven to improve learning from games

If you are an e-learning instructor, you will find online resources that you can adapt to your own academic schedule and student population. These include an updated syllabus, case studies, and test questions. Each chapter in this new edition includes reflection questions you can use to help students apply chapter guidelines to their own environments.

From the Back Cover

The Best-Selling e-Learning Design Manual, Updated with the Latest Research, Design Principles, and Examples

Fully revised with two new chapters and sixteen updated chapters, e-Learning and the Science of Instruction: Proven Guidelines for Consumers and Designers of Multimedia Learning is your essential reference for evidence-based guidelines for designing, developing and evaluating asynchronous and synchronous e-Learning for workforce training and educational courseware.

There is a great deal of valid experimental research on best methods to use in the design of e-learning lessons that support human learning processes. This scientific research is found in diverse academic journals and presented at research conferences not attended by most practitioners. In this book, Ruth Clark and Richard Mayer have gathered, organized, and illustrated that research to give you a practical guide in one place. In this Fourth Edition new evidence is included on the best use of text, audio, and graphics in e-learning as well as design guidelines for examples, practice exercises, computer-supported collaborative learning, and thinking skills lessons. Two new chapters focus on effective and ineffective forms of engagement in e-learning and the latest evidence on best practices in design of games for learning. You will find research summaries, examples, and checklists that show you:

• The kinds of visuals that best promote learning
• How and when to use instructional animations for optimal learning
• How best to use text and audio to describe visuals
• Techniques to improve learning through personalized language and on-screen agents
• What instructional techniques make learning games effective
• The effects of playing commercial games on basic cognitive skills

You can use the evidence and guidelines in this book to guide your own design decisions as well as to communicate proven practices to your development team, subject matter experts, or e-learning students.

About the Author

RUTH COLVIN CLARK has focused on evidence-based practice in design and development of workforce training materials for over three decades. Her recent books include Scenario-Based e-Learning and Evidence-Based Training, Second Edition.

RICHARD E. MAYER is a professor of psychology at the University of California Santa Barbara. He is an internationally recognized researcher in multimedia learning and has authored hundreds of research reports. He is the author of many books including Multimedia Learning, Computer Games for Learning, and editor of the Cambridge Handbook of Multimedia Learning, Second Edition.

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1 of 1 people found the following review helpful.
Know the "why" in educational methods.
By Leslie
Insightful look at the why in e-Learning. As a professional educator, it gives me the ammo to justify the direction of instruction methods and e-Learning at work. More of the same from the Third Edition. Well worth the read for anyone involved with educating or training.

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Through the lens of TV news anchors, this book examines the impact that television news has had on traditional journalistic standards and practices. While TV news anchors boost the power, adulation, and authority of journalism in general, internally, the journalistic community feels that anchors undermine many key journalistic values. This book provides a historical overview of the impact they have had on American journalism, uncovering the changing values, codes of behavior, and boundaries of the journalistic community. In doing so, it reveals that challenges to journalistic standards provide an opportunity to engage in debate that is central to maintaining journalism’s identity, and demonstrate the ability of the community to self-regulate. The result is that news anchors are kept in check by the community, and the community is prompted to reexamine itself and evolve. The book’s findings also offer suggestions for thinking about how journalists are dealing with the latest technological challenges posed by the internet and mobile technology.

• Sales Rank: #639470 in Books
• Brand: Brand: Peter Lang International Academic Publishers
• Published on: 2010-03-01
• Original language: English
• Number of items: 1
• Dimensions: 8.75" h x 6.00" w x .50" l, .70 pounds
• Binding: Paperback
• 216 pages

Features

• Used Book in Good Condition

Review
-As news networks proliferate and an array of newcomers move onto the stage of evening television news, Kimberly Meltzer offers a timely and thoughtful assessment of the rise of the anchor, from Edward R. Murrow to Katie Couric. Meltzer examines the anomalous nature of these figures, who remain the most visible symbols of American journalism even as their celebrity status and often emotional personas contradict the ideals of that profession. Meltzer then relays industry insiders' own views of the field, as they search for a new kind of relevance in the landscape of 21st-century journalism.- (Carolyn Kitch, Professor of Journalism; Director, Doctoral Program in Mass Media & Communication, Temple University; author of 'Pages from the Past: History and Memory in American Magazines')
-Kimberly Meltzer offers a thorough and dispassionate explanation of how television journalism has emerged over the past fifty years as a formation that challenges, accepts, alters, and disdains newspaper conventions. In her capable hands, our obsession with television anchors - that is, the controversy and contention over anchors' displays of emotion, appearance, and personality - finally begins to make sense. Without sugarcoating the downsides but also acknowledging the technological inevitability of television's adaption of journalistic rules, she traces the emergence of the anchor's 'signature'. Drawing on her own experience as well as rich interview material, Meltzer explains just why we are so interested in Katie, Dan, and Tom - and quite literally, their bodies - and why this is likely to continue.- (Linda Steiner, Professor and Director of Research and Doctoral Studies, Philip Merrill College of Journalism, University of Maryland, College Park)"

About the Author
The Author: Kimberly Meltzer, Ph.D., is a Visiting Assistant Professor at Georgetown University in the graduate program in Communication, Culture & Technology.

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Elliott Wave Principle: Key To Market Behavior, by Robert R. Prechter Jr., A.J. Frost

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A Great Classic for Three Decades: Now In Its 10th Edition, Consider What This "Definitive Text" Offers You Take a moment to look over your books about investing. Have any of them given you a successful method for making profits and reducing risks? Is there even one such book that has proven reliable over the years? Alas, most investors would say "no." That's because so few investment books are "classic" in the true sense: For years investors keep buying the book, and they keep using the method to make the most of their opportunities. Three decades years ago -- 1978 -- is one of the last times an investment book was written that is worthy of being called "classic." One of the two men who authored that book was a 26 year-old market analyst working at Merrill Lynch's headquarters on Wall Street. The young man had earned a lot of attention in a short time by using a forecasting tool that almost no one had heard of. Yet his market forecasts were startlingly accurate: Robert Prechter was the young man's name, and he used a method called the "Elliott Wave Principle." A. J. Frost was one of the few other financial professionals who used the Wave Principle. In a distinguished 20-year career, Frost had likewise made many astonishingly accurate forecasts. His colleagues regarded him as the consummate technical analyst. Frost and Prechter met in May of 1977 and became fast friends. Eighteen months later, they published Elliott Wave Principle - Key to Market Behavior. The Dow Industrials stood at 790. But the brash forecast in this new book called for a Great Bull Market. It became a runaway best seller. Three decades is enough time for investors to deem a book about an investment method as "classic," and surely the jury is in on this one: Elliott Wave Principle is now published in seven languages, and continues to sell thousands of copies every year. In Europe, Asia and the Americas, literally millions of investors worldwide use or recognize the Elliott Wave method for profitable investing. Elliott Wave International is proud to present the 10th edition of this investment classic. It's designed to help the Elliott Wave novice and the veteran practitioner. It's time to consider what this definitive text offers you. Here's a sample of what you'll learn: The basic tenets of Wave Theory: You'll read simple explanations of the terms, and how to identify all 13 waves that can occur in the movement of stock market averages. The rules and guidelines of Wave analysis: You'll learn the basics of counting waves, how to recognize the "right look" of a wave, plus lots of simple steps for applying the rules. The scientific background of the Wave Principle: How you can see it in nature and the universe, in art and mathematics, even in the shape of the human body. Long-term waves: You'll see how the Wave Principle gives history greater meaning, from the fall of the Roman Empire through the Middle Ages into the financial upheavals of the 20th Century. Understanding these monumental trends will help you position yourself for long-term profit and protection. Stocks, commodities and gold: The Wave Principle is your guide to the movements of any financial market. Few pleasures can match the exhilaration you'll feel when a Wave Principle forecast has you in the market when it moves up, or takes you out just before it moves down. Obviously, Elliott Wave Principle - Key to Market Behavior is the perfect companion to Bob Prechter's Elliott Wave Theorist publication. The book is essential reading for you to receive the most from what the Theorist says every month -- in fact, all of EWI's publications continually reference this book.

• Sales Rank: #230245 in eBooks
• Published on: 1978-11-01
• Released on: 1978-11-01
• Format: Kindle eBook

From the Inside Flap
Robert R. Prechter, Jr. Robert R. Prechter, Jr. is author of several books on the markets and editor of two monthly forecasting publications, The Elliott Wave Theorist and Global Market Perspective. The Hulbert rating service reports that The Theorist exceeded the performance of the Wilshire 5000 over the 131/2 year period ending December 31, 1993, while being exposed to market risk only 50% of the time. EWT has won Hard Money Digest's "Award of Excellence" twice and Timer Digest's "Timer of the Year" twice, the only newsletter to do so. In 1984, Mr. Prechter set an all time record in the United States Trading Championship by returning 444.4% in a monitored real-money options account in the four month contest period. In December 1989, Financial News Network named him "Guru of the Decade". In 1990-1991, Mr. Prechter served as President of the Market Technicians Association in its twenty-first year.

From the Back Cover
"This is a definitive, excellent book on Elliott, and I recommend it to all who have an interest in the Wave Principle."
—Richard Russell, Dow Theory Letters

"Gold and Silver Today wholeheartedly endorses this book. It is the definitive work on a scientific wave theory of human experience. If you are interested in technical or wave analysis, it should be required reading."
—Gold & Silver Today

"This book is extremely well done. It is clear, brief and bold...by far the most useful and comprehensive for both the beginner and the veteran."
—William Dilanni, Wellington Mgmt. Co.

"An outstanding job...I don't think a better basic handbook of Elliott Wave theory could be written."
—Donald J. Hoppe, Business and Investment Analysis

"...A top-drawer reference for serious technical analysts....all the nuts and bolts necessary to do their own Elliott Wave assembly."
—Futures Magazine

"Chapter Three is the best description of Fibonacci numbers we've seen in print and that alone is worth the price of the book."
—Janes Dines, The Dines Letter

"In a third of a lifetime in this business, this was the first time I really understood Elliott, and this is certainly the first book on Elliott that I could recommend. All the methods that Prechter has used so successfully are fully described in this book."
—The Professional Investor

"Elliott Wave Principle is such an important, fascinating, even mind-bending work, we are convinced that it should be read by and and every serious student of the market, be they fundamentalist or technician, dealing in stocks, bonds or commodities."
—Market Decisions

"Even allowing for minor stumbles, that 1978 prediction must go down as the most remarkable stick market prediction of all time."
—James W. Cowan, Monitor Money Review;  Recipient of the Technical Analysis Association's Award of Excellence

About the Author
Robert R. Prechter. Jr. is author of several books on the markets and editor of two monthly forecasting publications, The Elliott Wave Theorist and Global Market Perspective. The Hulbert rating service reports that The Theorist exceeded the performance of the Wilshire 5000 over 131/2 year period ending December 31, 1993, while being exposed to market risk only 50% of the time. EWT has won Hard Money Digest's "Award of Excellence" twice and Timer Digest's "Timer of the Year" twice, the only newsletter to do so. In 1984, Mr Prechter set an all time record in the United States Trading Championship by returning 444.4% in a monitored real-money options account in the four month contest period. In December 1989, Financial News Network named him "Guru of the Decade". In 1990-1991, Mr Prechter serves as President of the Market Technicians Association in its twenty-first year.
Mr Prechter's latest venture is Elliott Wave International, which provides monthly and intraday analysis on stock markets, currencies, interest rates, commodities and social trends to institutional and private investors around the world.
Mr. Prechter attended Yale University on a full scholarship and graduated in 1971 with a degree in psychology. He began his career as a Technical Market Specialist with the Merrill Lynch Market Analysis Department in New York, where his original work with the Wave Principle led to a small but loyal following, introduction to A.J. Frost and ultimately this book.

A.J. Frost C.F.A., a graduate of Queen's University, Kingston, Ontario, started his career as a legal accountant. He achieved his objective on being admitted to the Ontario Institute of Chartered Accountants in 1934 and on his call to the Ontario Bar in 1937. In 1959, he was elected a fellow in the Institute for distinguished service to the accountancy profession. He served as Chairman of the National Capital commissions (Canada) for two years and later sat on the bench as a member of the Tax Appeal Board, Tax Review Board and Anti-Inflation Appeal tribunal. He has handed down many decisions in the field of income tax law. During his career, Mr Frost served on two university councils and the boards of several Canadian corporations.
In 1960, Mr. Frost became a partner of the late Hamilton Bolton, who introduced him ot the Elliott Wave Principle. After Bolton's death in 1967, he wrote two Elliott Wave Supplements for the firm of Bolton-Tremblay, the editors of the Bank Credit Analyst. In 1977, Mr Frost delivered a speech on the Elliott Wave Principle before the Market Technicians Associations. There he met Mr. prechter, whom he found to have remarkably compatible ideas despite their separation by two generations and national boundary. Mr. Frost provided weekly market commentary on Financial New Network and was one of the most frequently requested speakers for meetings of the Canadian Society of Technical Analysts.

Most helpful customer reviews

3 of 3 people found the following review helpful.
Kindle edition lacking
By Beachnorwegian
My 2 star review is based on the very annoying lack of links in the kindle edition. The authors are frequently referring to charts in the book ( a good thing) but the charts are many times not nearby the current page. The reader is left to manually search for these graphs. A simple hyperlink would have saved the reader from all this inconvenience. Why haven't the editors done it?

0 of 0 people found the following review helpful.
Only partly of use and therefore quite expensive
By Michel
Nice to learn more about Elliot Wave. But it is mainly the first ~80 pages that are of practical use. Nice read though, but quite expensive for a book thats only partly of use for the average trader. Go look for the book of Ramki 5 waves of financial freedom which is cheaper and at least as good imo.

1 of 1 people found the following review helpful.
BOON OR BANE?
By aipuo
This book is a double-edged sword. It can either help or harm
you greatly One needs to use it with other TA tools. For e.g.,
if you are lulled into thinking that all bull runs have 3 legs (5 waves),
it can be dangerous because bull runs can have 2 or 4 legs too.

The double zig-zag I read here seems different from other books.

5-3 is chosen as a standard for all to understand. The market
need not be so. Pregnant ladies by an large give birth to one child.
But sometimes, there are twins or more. In the same way,
by and large, EWP holds true with its deviations.

See all 69 customer reviews...

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