Originally published in 2005, Taming the Lion by Richard Farleigh quickly garnered praise for its timeless insights and practical approach to investing. This edition retains the original text and includes a new foreword, where Farleigh reflects on global shifts over the past two decades and explores emerging trends.
In this acclaimed book, Farleigh shares the proven techniques he developed during his financial career, including running successful trading desks and creating a repeatable methodology based on observation and reasoning. His approach covers the basics—only chasing genuine opportunities, managing risks, and handling losses—alongside more radical market insights. Some of his beliefs challenge conventional wisdom:
• Markets often under-react, providing unique opportunities.
• Big, obvious ideas frequently offer significant potential.
• Investing with a consensus view can be safer than expected.
• Strategic timing is essential—knowing when to enter and exit matters.
• Price trends are well-known but often underutilized.
• Charting trends may be no better than astrology.
• Investment and trading are becoming more similar.
Farleigh's clear methodology, supported by relatable anecdotes and organized into 100 strategies, has been invaluable for both novice and seasoned investors looking to improve their performance.
"Richard Farleigh's much acclaimed book, Taming The Lion, includes 100 secret strategies for investing based on his experiences as a very successful investor. I found it a fascinating, thought-provoking book useful for every level of investor."
"Many investors have made fortunes but none has explained more clearly or elegantly than Richard Farleigh how they did it. A tour de force of common sense investing."
"If you want to get underneath the mindset of one of the most successful and prolific private equity investors in high technology start-ups, then you don't have to ponder any more. Richard Farleigh's long-awaited book, Taming the Lion, reveals the underlying principles that have guided his investment strategies."
"Few of the three or four dozen 'How to Succeed in Investment' books which arrive on my desk every year get more than five minutes attention. But one that did was Taming The Lion by Richard Farleigh, who despite retiring from running a "powerful and secretive hedge fund" to Monaco at the age of 34, does not pass himself off as an investment genius. His book describes 100 investing rules, embracing every kind of investing situation from trading currencies (including "Don't day-trade anything") to investing in start-ups (an extremely thoughtful chapter). And it should equip you to avoid sapphires and anything else you know nothing about."
"Taming the Lion, joins One Up on Wall Street, Adventure Capitalist and The Zurich Axioms as one of a handful of works of blinding originality permanently resident on my investing bookshelf. Trusting management is one strategy, there are 99 more in the book, but the fundamental lesson Mr Farleigh teaches, like those other great investors who spilled the beans, is that to speculate successfully we must understand why markets move."
Richard Farleigh reveals the 100 secret strategies that he developed to enable him to succeed in the markets. During his time running a trading desk, Farleigh set out to develop a repeatable methodology based on observation and reasoning, not just on one-off flukes and luck, to enable him to outperform the market on a regular basis. The (potentially controversial) beliefs that he incorporates into his strategies include markets that tend to under-react, not overreact and big, obvious ideas that offer great opportunities.
Richard Farleigh reveals the 100 secret strategies that he developed to enable him to succeed in the markets. During his time running a trading desk, Farleigh set out to develop a repeatable methodology based on observation and reasoning, not just on one-off flukes and luck, to enable him to outperform the market on a regular basis. The (potentially controversial) beliefs that he incorporates into his strategies include markets that tend to under-react, not overreact and big, obvious ideas that offer great opportunities.